At present, there are two ways to handle corporate loans, one is to repay the loan first, and the other is to offset the loan with the loan. Repayment means that employees who have applied for commercial loans apply to the center to transfer commercial loans to the public. With the consent of the center, employees will pay off their commercial loans with their own funds and go through the guarantee procedures, and then the center will issue commercial loans to the society. Loan-for-loan refers to the borrower who has applied for a commercial loan changing from a central applicant to a public loan. With the consent of the center, the borrower pays off the balance of principal and interest of commercial loans in advance and goes through the guarantee procedures. The issuer of the center turns to public loans, and the borrower, guarantee company and bank * * * pay off the commercial loans with the cooperation of business users, and go through the counter-guarantee procedures for housing mortgage.

For example, in Changsha, the loans of individual self-purchased housing commercial banks in Changsha were converted into provident fund loans, and the original term of the purchase contract was cancelled. As long as it belongs to individual housing commercial banks, it can be converted into provident fund loans, but the loans converted into provident fund loans must meet the conditions of provident fund loans, and the loan amount cannot exceed the loan balance of the original commercial banks and the maximum loan amount of provident fund.

The applicant shall provide the following materials when transferring the loan to the public:

(1) Legal and valid identity certificates and marriage certificates of the borrower and the property owner.

(2) Housing provident fund savings card.

(3) Commercial loan contract.

(4) If the loan is used for mortgage, the original ownership certificate and state-owned land use right certificate of the purchased house shall be provided. If the loan is repaid first, a copy confirmed by the bank may be provided.

(5) Bank card or current passbook used to repay commercial loans.

(six) other materials required by the relevant provisions of the housing provident fund personal loan.

However, the procedures for transferring commercial loans to provident fund loans are more complicated. Some places can apply, and some places do not have such a policy.