Many small partners did not pay the provident fund when buying a house, or the provident fund they paid could not meet the loan requirements of the local provident fund management center, so they had to apply for commercial loans. However, as long as the provident fund loans are used daily, commercial loans will be converted into provident fund loans. What if you have applied for a loan before?

Different from commercial loans, portfolio loans are a combination model of commercial and provident fund loans, so the income of loans that choose this loan method cannot be converted into provident fund loans. Under normal circumstances, users who choose portfolio loans find that both husband and wife have paid the provident fund after marriage because the small partners who share the pure provident fund loans. At this time, the loan amount can meet the quota demand, and I want to change it into a husband and wife provident fund loan. In this regard, the requirements of the local provident fund management center shall prevail. At present, the actual requirements of provident fund loans in different regions of China are different. But what is certain is that if you apply for a portfolio loan or cut off the reserve, the loan will become a business.

In fact, as far as portfolio lending is concerned, it is not as easy as everyone thinks. Compared with other loans, this requires applicants to meet the requirements of both commercial loans and provident fund loans. There are strict requirements not only for the borrower's credit qualification, but also for borrowing. What is important is that if it is a financial outlet, we will advise you to choose a commercial loan. Therefore, regarding the application for mortgage, everyone still follows the requirements of their local bank outlets. If you want to enjoy more preferential loans, you can prepare more down payment before buying a house and choose provident fund loans directly.

Second, can mixed loans be converted into full provident fund loans?

Portfolio loans cannot be converted into provident fund loans.

According to the policy of the provident fund management center, after handling the provident fund portfolio loan, the commercial part of the bank loan can no longer be converted into a provident fund loan.

According to the current policy, the business of "changing from commercial to public" can only be carried out under the condition of pure commercial loans, and portfolio loans cannot be converted into pure provident fund loans.

3. Can individual housing portfolio loans be converted into provident fund loans?

In many places, it is impossible to transfer commercial loans to provident fund. Even if it is possible, it is very troublesome and difficult in specific operation. First, the bank and the lender have reached a loan agreement, which requires both parties to agree to terminate the contract. As a business unit, banks need to consider their own interests. Secondly, in many cases, developers and banks have signed guarantee contracts and conventional guarantee agreements. If they want to transfer commercial loans to provident fund loans, they need to change the contract, which is more troublesome in legal procedures and developers are not active in this regard. Not all commercial loans to provident fund loans are cost-effective. Most people's commercial loans are repaid with equal principal and interest, and the monthly payment is mainly based on bank interest, and the principal is less. Therefore, if the lender wants to transfer the provident fund, it is necessary to compare the residual interest of commercial loans with the interest of provident fund loans to see if it is cost-effective. This conversion is suitable for lenders with large loan amount and long remaining years. Lenders should also consider the time and cost of this process. Generally speaking, the lender must first apply to the original commercial loan bank to transfer to the provident fund loan. After the bank agrees, he will go to the housing appraisal company designated by the provident fund management center to evaluate the house, and the appraisal fee is 5‰ of the total house price. In addition, he has to go through the formalities of re-mortgage of the house, and go to the provident fund management center, the original loan bank, the bank where the provident fund account is located, the appraisal company, the real estate management bureau and other departments. The procedures are cumbersome. If the appraised value of a house is 600,000 yuan, it will cost 4,000 yuan in the conversion process. I hope it helps you.

4. Can portfolio loans be converted into provident fund loans?

Portfolio loans cannot be converted into provident fund loans. According to the policy of the provident fund management center, after handling the provident fund portfolio loan, the commercial part of the bank loan can no longer be converted into a provident fund loan. Handling the business of "changing business from commercial to public" can only be carried out under the condition of pure commercial loans, and portfolio loans cannot be converted into pure provident fund loans. After the combined loan, the balance in the provident fund account can be withdrawn according to the policies and regulations of the local housing provident fund management center. There are also differences in provident fund withdrawal policies in different cities. Personal housing portfolio loan refers to the borrower who meets the conditions of a bank's personal housing commercial loan and pays the housing provident fund at the same time. While handling commercial loans for individual housing, you can also apply to the bank for personal housing provident fund loans. That is, the borrower takes the purchased urban self-occupied housing in this city as collateral, and the bank issues personal housing loans to the same borrower at the same time to purchase the same set of self-occupied ordinary commodity housing, which is a general term for policy and commercial loan portfolios. That is, provident fund loans and commercial loans are used at the same time, generally only when personal loans exceed the local maximum amount of provident fund loans. First of all, the advantages of portfolio loans are as follows. 1. The loan amount is high. Compared with the large number of restrictions on the loan amount of individual housing provident fund, the generally available loan amount can not meet the needs of buyers, while the combined loan can obtain a relatively high total loan amount. 2. The loan interest rate is relatively moderate. The loan interest rate of portfolio loans combines the loan interest rates of pure provident fund loans and pure housing loans, so the interest rate of portfolio loans is also in the middle of commercial loans and provident fund loans, which relieves the repayment pressure of lenders to some extent. Second, what is the process of portfolio loan? 1. Apply for a loan from a loan bank. If a buyer needs to apply for a portfolio loan, he/she must first bring his/her own house sales contract and a copy of the commercial housing sales license issued by the developer, and at the same time bring his/her ID card, housing provident fund savings magnetic card and seal to the real estate credit department of CCB in all districts and counties to apply for a housing provident fund loan. However, it should be noted here that when applying for housing provident fund loans, both husband and wife must also bring a marriage certificate or other proof of the relationship between husband and wife, and fill in the "individual housing provident fund". 2. Bank audit. When the lender submits a loan application at the bank, the bank will review the loan information submitted by the lender. After reviewing the information of buyers, it will judge whether the buyers meet the loan conditions, and then calculate the loan amount and determine the loan term. 3. Sign a loan contract with the loan bank. If the loan application submitted by the buyer is approved by the bank, the lender needs to sign a loan contract and a mortgage contract with the bank (signing a pledge contract without housing guarantee). 4. Go to the property right department to handle the loan guarantee procedures. Usually, if buyers want to buy a house through loans when buying a house, they need to guarantee the house they buy when they apply for loans. Therefore, when the buyers apply for loans, they also need to apply for registration at the property right department, that is, the real estate registration center. This is the mortgage registration procedure. 5. Go through the formalities of housing mortgage insurance. When the property buyers pledge or mortgage their own property to the property right department, they still need to submit the materials for handling the property right certificate, together with the loan materials such as the house ownership certificate and mortgage certificate, and go to the loan bank to handle the home insurance formalities. 6. Bank transfer. After the general property buyers complete the previous procedures, they can go to the loan bank to go through the payment procedures according to the time agreed with the bank. Generally speaking, the funds will not go through the hands of the buyers, and the lending bank will directly transfer the funds to the selling unit.