With the development of the times, more and more people realize the importance of buying a house, but not everyone can afford a house, and many people choose to buy a house with a loan. So what are the conditions for Changsha commercial loans to provident fund loans? Next, let me lead you to solve this problem.

1. What are the conditions for converting Changsha commercial loans into provident fund loans?

1. The original commercial bank housing loan must be repaid normally for more than one year, and the bank that wants to take out the original loan must not Overdue repayment records.

2. To apply for a property to be converted from a commercial loan to a provident fund, you must have a house ownership certificate, and the house must have no other legal disputes.

3. The business transfer must be approved by the original commercial loan bank.

4. If the circumstances of the marriage are different when the borrower applies for a business-to-business transfer, then relevant certificates and legal property ownership certificates must also be provided.

2. What are the advantages of provident fund loans?

1. Housing provident fund loans cost less money than commercial loans, and they require fewer years of repayment. , so the interest on repayments is also much less than on a business loan.

2. It is more convenient to use housing provident fund to purchase a house and repay it than a commercial loan. We can know the amount of repayment this month in advance and make a repayment plan in advance. Note that the repayment amount generally cannot be less than the minimum amount stipulated by the bank.

3. Second-hand houses are very old and in a bad location, so the realizable value is very low. It is usually difficult to apply for a commercial loan, but it is very easy to apply for a housing provident fund loan. As long as the age of the house increases The repayment period does not exceed 50 years.

I summarize: The above are the conditions for converting Changsha commercial loans into provident fund loans. From the above article, we can see that provident fund loans have many advantages. Which loan method to choose depends on our actual situation. I hope it can help everyone.