The settlement of commercial loans is mainly to get rid of the high interest burden of commercial loans and turn them into low-interest provident fund loans, so as to reduce the repayment pressure and improve economic benefits. In addition, some banks stipulate that commercial loans must be settled before they can be transferred to provident fund loans.

At this time, if the borrower has enough balance in the provident fund account, he can choose to convert the commercial loan into a provident fund loan, so as to obtain more favorable interest rates and more flexible repayment methods and bring greater development potential for his future life.

In other words, the purpose of transferring provident fund loans is to better manage personal finances and family budgets and obtain better economic benefits.

Second, are commercial loans converted into provident fund loans for more loans?

Not much. Generally speaking, the amount of commercial loans is greater than the amount of provident fund loans. If the amount of provident fund loans is limited, there will be corresponding loans according to the city, age and loan period. As long as commercial loans have the corresponding repayment ability, the loan amount can be continuously improved. Some people, that is, insufficient provident fund loans, can only complete the mortgage by applying for provident fund loans and commercial loans. You can't transfer your business to the public and borrow more.

3.25 Five years later, how much is the 400,000 mortgage more than the direct provident fund loan? ...

After five years of commercial loan repayment:

Original monthly repayment amount: 27 13.34 yuan.

Total repayment amount: 162800.35 yuan.

Interest paid: 125294.39 yuan.

Remaining repayment amount: 286,728.77 yuan.

Five years after the provident fund loan is paid off:

Original monthly repayment amount: 2223.33 yuan.

Total repayment: 13399.79 yuan.

Interest paid: 848,365,438+0.4438+0 yuan.

Remaining repayment amount: 352,749.48 yuan.

Almost more than 40 thousand interest

Four, commercial loans to provident fund loans more loans less?

When a commercial loan is converted into a provident fund loan, the borrower shall meet the following seven conditions:

1. Meet the application conditions for housing provident fund loans in this Municipality;

2. The borrower must be the original housing lender.

3. The original commercial housing loan has not been settled, and the bank agrees that the borrower will settle the loan in advance;

4. The original commercial housing loan has been repaid for more than one year (inclusive), with a good credit record and no overdue loan balance;

5. The purchased property has obtained the real estate license issued by the local real estate registration department, and it has a steel-concrete structure;

6. Commercial loans with mortgage for purchased real estate.

7. Did not apply for housing provident fund loans.

Original vouchers are required for transferring commercial loans to reserves):

1. Original house purchase contract;

2. The original purchase invoice issued by the tax department;

3. Original property certificate and land certificate;

4. The original ID cards of both husband and wife (valid for more than one year);

5. Original marriage certificate or single certificate (the single certificate is stamped with the official seal of the unit);

6. Original residence booklet;

7. Original bank settlement voucher and repayment voucher;

8. Original loan contract signed with the bank.