Can a housing provident fund loan be converted into a commercial loan?

Provide fund loans can be converted into commercial loans. The lender needs to bring relevant loan information to the bank where the loan is intended to handle the relevant loan procedures. Usually, the following basic conditions need to be met:

(1) The borrower of the provident fund loan and the borrower of the commercial loan must be the same person;

(2) The original loan has been repaid normally for more than one year, and there is no overdue repayment record provided by the lending bank;

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(3) If the housing provident fund is withdrawn due to the purchase and construction of a house, the housing provident fund must continue to be paid and deposited normally for more than 1 year from the date of withdrawal;

(4) To apply for refinancing, you must obtain the original The consent of the lending bank;

In addition, the national and regional housing provident fund personal housing loan policies must also be complied with.

Extended information:

Process of converting provident fund loan to commercial loan

1. Consultation and acceptance. Applicants for loan refinancing should go to the original commercial loan bank for consultation. If they meet the conditions for refinancing, bank staff should guide the borrower to correctly and completely fill in the "Personal Housing Provident Fund Refinancing Folder".

2. Submit information. Submit relevant information required by the lending institution.

3. Loan acceptance. For eligible borrowers, the trustee bank will conduct a pre-loan trial calculation in the provident fund system, and based on the trial calculation results and loan repayment ability, negotiate with the borrower to determine the loan amount, term, interest rate and repayment method; the trustee bank will conduct a pre-loan trial calculation in the provident fund system. Conduct a preliminary review. If the application fails the preliminary review, the borrower will be notified of the reasons in a timely manner.

Baidu Encyclopedia - Commercial Loan I want to buy a house but my provident fund loan is not enough. Can I apply for a commercial loan again?

If the provident fund loan amount is not enough, you can use a commercial loan. This is called a portfolio loan. If you are buying your first home and buying an ordinary house, the loan is 6.5%. If you buy a non-ordinary house, the loan will be 60%. If you are buying a second house, the loan for an ordinary house is 40%, and for a non-ordinary house, the loan is 20%.

You can apply for a combination loan, which is a provident fund loan and a commercial loan; as long as you meet the conditions for a commercial loan;

The bank will reject the commercial loan if the following conditions exist:

Fake qualifications (fake information, fake income certificates, fake salary statements, etc.);

Fraudulent loans include but are not limited to the relationship between the buyer and seller being relatives or friends, the buyer and seller having a creditor-debt relationship, etc. Any genuine buying and selling relationship will be regarded as loan fraud;

Too many overdue times (credit cards and other loans are overdue 3 times in a row or 6 times in total within 2 years, credit card payments are stopped or bad debts are entered into the credit report blacklist) list);

Income does not meet loan requirements;

Does not meet purchase restriction policy.

The criteria for determining the first and second homes of portfolio loans are based on the national housing loan records and real estate properties in Beijing. There are no housing loan records in the country under the name of ordinary residential households. If there is no residence in Beijing, it is considered the first home. The minimum down payment is 35, otherwise it is a second house, and the minimum down payment is 60. If the loan conditions are met, the provident fund loan is not enough. Can I still use a commercial loan if my provident fund loan is rejected? Of course, what is the score?

; Provident fund usually refers to housing provident fund, and sometimes also refers to company provident fund. The housing provident fund refers to the long-term housing savings deposited 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. To put it simply, children can use it to apply for a loan to buy a house. If a provident fund loan is rejected, can you still use a commercial loan? What should you do if you are rejected? We have integrated various information to help you understand the rules behind this.

1. Why was the provident fund loan rejected? The following behaviors are all at risk of being rejected! One: Illegal withdrawal of provident funds (provided funds not withdrawn for buying or renting a house.

) Second: There is a housing loan that has not been repaid (the house I bought before was paid off with a provident fund loan or a commercial loan, and it was not repaid beyond the immediate needs.) Third: Overdue loan repayment (whether it is a provident fund loan or a commercial loan, once it is overdue, there will be Leave a bad impact. ) Fourth: Stop paying the housing provident fund (more popular cities will have provident fund years requirements, and the payment period has not been met.) Fifth: Suspected of loan fraud (forging bank statements, forging loan application materials, this It’s extremely serious, friends, please don’t get involved!)

Second, what should I do if I am rejected? Can I get a loan? Based on the above information, friends, do you already have the answer in your mind? The situation is: as long as it does not affect the bank's flow and your own credit report, being rejected for provident fund loans will not affect commercial loans. Therefore, situations 1, 3, and 5 above may cause your provident fund loan to be rejected, and your commercial loan to be rejected as well. In the 2nd and 4th situations, general commercial loans will not be rejected, and the proportion of down payment may need to be increased. This varies according to the policies of different local cities. The next five years are the golden period for buying a house. "Houses are for living in, not for speculation." Therefore, house prices will stabilize within a certain range. At this time, it is cost-effective to buy a house with provident funds or commercial loans. Finally, I wish you the best. Everyone can have their own "nest".