Purely commercial loans can be repaid monthly with the office provident fund. However, the procedures are cumbersome, and relevant conditions must be met before the application can be processed. For example, the borrower needs to first go to a local bank to apply and hand over relevant information. After passing the review, he can go to the bank to sign a new loan contract, and then he can use the provident fund to repay the loan. Of course, the borrower's provident fund must be paid for more than one year. If the provident fund payment is less than one year, it is also impossible to apply.

Notes on converting commercial loans to provident fund loans

1. The applicant and the applicant’s spouse have good personal credit and have no bad records in the personal credit system of the People’s Bank of China.

2. The applicant’s original commercial housing loan must be a “personal housing loan”, which is determined based on the original commercial housing loan contract.

3. Go to the Housing Provident Fund Management Center to fill out the "Consultation Record Form for Conversion Provident Fund Loans" to confirm whether you meet the conditions.

4. After the applicant determines and completes the above matters, he must raise funds to pay off the original commercial personal housing loan, and apply to the Housing Provident Fund Management Center for a provident fund loan within one month.

5. During the process of applying for a provident fund loan, the borrower shall not be changed.

6. The real estate development procedures for the originally purchased house are complete and comply with sales regulations.

7. Housing portfolio loans cannot be converted into provident fund loans. Conversion of provident fund loans does not apply to employee housing portfolio loans.

8. The applicant must pay the housing provident fund in full and in a timely manner (continuous payment of the housing provident fund for more than one year, with a cumulative interval of no more than three months).

9. There are no housing provident fund personal loan debts or other unpaid debts that may affect the loan repayment ability.