1. Loan Conditions for Converting Commercial Loans into Provident Funds 1. The applicant has good credit and no overdue behavior; 2, the original commercial housing loans in more than one year to repay; 3. Pay the housing accumulation fund normally in the local area; 4. The loan business needs to lend to the borrower or spouse who accepts the original housing lender; 5. The applicant should confirm to the bank that the house purchase loan has not been settled, and then apply to the bank for early settlement of the loan. 2. What is the difference between commercial loans and provident fund loans? 1, loan interest rate. Interest rate is the first factor that distinguishes provident fund loans from commercial loans. The interest rates of provident fund loans and commercial bank loans are different in different periods, but generally speaking, the interest rate of provident fund loans is about 2 points lower than that of commercial loans, so from the interest rate point of view, provident fund loans are much more cost-effective, especially when the number of loans is small, which will save a lot of money. 2. Target population. As long as they meet the loan conditions related to commercial loans, they are all the target groups of commercial loans. The target group of provident fund loans is much less, because the people who pay the provident fund daily are the targets of provident fund loan services. 3. Term and amount. The loan amount of commercial loans is determined according to the value of collateral, and the loan period of commercial loans is also longer than that of provident fund loans. Provident fund loans have clear provisions on the amount, which varies from place to place. Generally, the maximum amount is 800,000. 4. Process and approval. As long as the procedures are complete, the commercial loan can be completed in about 20 days (working days). The provident fund needs to review the personal unit, family situation and husband and wife situation. There are many procedures, and it takes about 40 days (working days) to complete. 5. Agency. Commercial loans are approved by commercial banks. Provident fund loans need to be approved by the local provident fund management center, and loans are issued by cooperative banks. Third, how long does it take for commercial loans to be released? General commercial loans take one to three months to complete, and the time for each person to complete is slightly different. There are many factors that affect the loan progress, such as too much banking business and incomplete information of borrowers. Based on the actual time.