Yes.

To convert a personal commercial loan into a provident fund loan, you need to meet the conditions for converting a commercial loan into a provident fund loan. The main conditions for converting commercial loans into provident fund loans are:

1. Personal commercial loans have been repaid continuously for more than 1 year;

2. Personal provident funds have been paid continuously for more than 1 year;

3. Houses that are transferred to provident fund loans must be registered with the local city money center and have formal and legal residential development projects;

4. Individuals must transfer commercial loans. Provident fund loans require the consent of the original commercial loan bank.

So, when taking a loan to buy a house, if the borrower first chooses a commercial loan, it can also be converted to a provident fund loan if certain conditions are met. However, the conditions for converting commercial loans to provident fund loans are generally better, and the conditions required by different places are somewhat different. Before applying for a commercial loan or a provident fund loan, you should consult carefully before deciding whether to apply.

The housing provident fund refers to the deposits made by state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social groups and their employees. of long-term housing savings.