Commercial loans can be converted into provident fund loans, but the following conditions must be met:

1. When the borrower applies for a loan at the place where the provident fund loan is applied, the provident fund is in a normal deposit state;

2, the applicant or * * * and the applicant's unit in accordance with the provisions for the borrower to pay housing provident fund for more than a month;

3. The applicant has a stable economic income and the ability to repay the loan;

4. The applicant agrees to provide the approved loan guarantee method;

5. The applicant and * * * together with the applicant, including the spouse, have no outstanding loans or other debts except the loan transferred to the provident fund.

Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.

The definition of housing provident fund includes the following meanings:

Housing provident fund is only established in cities and towns, and the housing provident fund system is not established in rural areas.

Only on-the-job employees can establish a housing provident fund system. Unemployed urban residents and retired workers do not implement the housing provident fund system.

The housing accumulation fund consists of two parts, one part is paid by the unit where the employee works, and the other part is paid by the individual employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit.

The long-term nature of housing provident fund deposit. Once the housing provident fund system is established, employees must be paid continuously in accordance with the regulations during their employment, and shall not be suspended or interrupted except for employees' retirement or other circumstances stipulated in the Regulations on the Administration of Housing Provident Fund. It embodies the stability, unity, standardization and compulsion of housing provident fund.

Housing accumulation fund is a personal housing savings fund specially used by employees for housing consumption expenditure, which has two characteristics: accumulation and specificity.

The establishment of employee housing provident fund system provides a guarantee for employees to solve housing problems quickly and well; It can effectively establish and form a mechanism and channel for workers with housing to help workers without housing, and the housing provident fund provides financial assistance to workers without housing, which reflects the mutual assistance of the housing provident fund to workers;

Every urban employee must pay individual housing provident fund from the date of joining the work to the time of retirement or termination of labor relations; The employee's unit should also pay the housing provident fund for employee subsidies as required.

Housing provident fund deposit scope: government agencies and institutions; State-owned enterprises, urban collective enterprises, foreign-invested enterprises, Hong Kong, Macao and Taiwan invested enterprises, urban private enterprises and other urban enterprises or economic organizations; Private non-enterprise units and social organizations; Permanent representative offices of foreign, Hong Kong, Macao and Taiwan invested enterprises and other economic organizations.

Can commercial loans be converted into provident fund loans?

I. Conditions for Converting Commercial Loans into Provident Fund Loans

1. To convert a commercial loan into a provident fund loan, the following conditions must be met: when the original commercial loan is converted into a provident fund loan, the principal balance must be less than the loanable amount of the applicant's provident fund; Can provide a guarantee recognized by the center; Continuous full deposit of provident fund for more than 6 months; The applicant's husband and wife shall not have outstanding provident fund loans; The original commercial loan has been repaid normally for more than one year with a good repayment record.

2. Legal basis: Article 26 of the Regulations on the Management of Housing Provident Fund.

Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where loans are issued, the entrusted bank shall go through the loan procedures.

2. What conditions and materials are needed to apply for a commercial loan?

1. Conditions to be met in applying for commercial loans

The borrower 18 years old or above, and the applicant's loan period is not more than 70 years old. He has a down payment for buying a house, a stable job, and his salary is more than twice the monthly payment. He needs to provide proof of income and has no bad credit record.

2. Information to be provided when applying for commercial loans

Original and photocopy of house purchase contract and down payment invoice. The original and photocopy of the applicant's (and spouse's) household registration book and the original and photocopy of the marriage certificate (divorce certificate). Unmarried persons are required to provide their unmarried statement (bank text), a copy of the business license stamped with the official seal of the unit or the annual income certificate of the personnel department (bank text), a personal credit report stamped with the official seal of the unit and proof of academic qualifications.

Can commercial loans be changed into provident fund loans?

Commercial loans can be changed into provident fund loans.

1. Commercial loans can be changed into provident fund loans, but not in all regions. Whether it can be changed, you need to consult the local provident fund management center.

2. After confirming that your city can be converted into a provident fund loan, you need to go to the bank to consult whether it meets the conversion conditions. After all the conversion requirements are up to standard, you can fill in the personal housing provident fund loan folder.

Materials required for applying for provident fund loans:

1. First of all, you should provide the relevant information needed for the loan, such as ID card, marriage certificate (if married and the husband and wife jointly own property), household registration book and income certificate (the income certificate needs the official seal of the unit, the telephone number of the person in charge of the unit or the personnel department for review).

2. Prepare a down payment. Generally speaking, the down payment for the first suite is at least 30% of the total house price.

After the down payment and all the materials are ready, you can go to the bank to apply for a commercial loan. The interest rate of commercial mortgage loans is higher than that of provident fund loans. The benchmark loan interest rate is 4.9%, with a minimum loan term of 5 years and a maximum loan term of 30 years. However, many banks have risen to different degrees. You can compare them carefully and choose the bank that is most suitable for the loan interest rate.

4. Choose a good loan bank, sign a loan contract, and specify the loan term, loan amount, loan interest and repayment method. Just choose the most suitable one according to your income. There are two ways to repay interest: average capital and equal principal and interest. On the average capital, the total repayment interest will be less than the equal principal and interest, but the repayment pressure in the early stage will be greater.

Provident fund loan conditions:

1. Only employees who have paid the housing provident fund are eligible to apply for housing provident fund loans. Workers who have not participated in the housing provident fund system cannot apply for housing provident fund loans.

2. Users who deposit housing provident fund must meet the deposit time when applying for personal loans of housing provident fund. For example, some areas require continuous deposit of housing provident fund for at least 6 months before applying for loans, and some areas require 1 year and above.

3. If one of the husband and wife has applied for a housing provident fund loan, both husband and wife shall not obtain a housing provident fund loan again before paying off the principal and interest of the loan.

4. When applying for a housing provident fund loan, the loan applicant should not only have a relatively stable economic income and the ability to repay the loan, but also ensure that there are no other outstanding debts that may affect the repayment ability of the housing provident fund loan.

5. The term of the provident fund loan shall not exceed 30 years. When handling portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.

Can mortgage be converted from commercial loan to provident fund loan?

Commercial loans can also be converted into provident fund loans.

Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. Generally, they are short-term loans, usually 9 months, and no more than one year at most, but there are also a few medium-and long-term loans. This kind of loan is the main part of commercial bank loans, generally accounting for more than one-third of the total loans.

Commercial loans, also known as individual housing loans, are commercial banks and housing savings banks approved by the People's Bank of China, which provide loans for urban residents to purchase ordinary housing for their own use and implement the statutory loan interest rate. Many commercial banks in Beijing have this business, such as CCB and ABC. The procedures for applying for loans are basically the same.

Commercial loans refer to the proportion of commercial loans in the guarantee balance of housing property right guarantee institutions at the end of the statistical period.

1. Submit a loan application: When you have signed a house sales contract, you can apply for a commercial loan from the bank. Whether it is a first-hand mortgage or a second-hand mortgage, it is necessary to submit the complete materials approved by the bank to the bank for review, which is the most important step in the commercial loan process.

Mainly including ID card, household registration book, original and copy of marriage certificate; Foreign household registration needs to provide temporary residence permit or residence permit; Income certificate issued by the work unit; Sales contract, down payment invoice or receipt; Wage flow or other proof of assets in the past six months. In addition to the above five materials, different banks have different requirements for commercial loans, and other materials required by loan banks should be inquired in detail.

2. Investigation accepted by the bank: After receiving the application materials of the loan applicant, the bank will review the materials. The general review time for commercial loans is 15 working days, and the longest time shall not exceed 1 month.

During the bank investigation, the loan applicant will be asked to supplement some information according to the situation. Therefore, the loan applicant needs to keep in touch with the bank during this period.

3. Bank verification and approval: the loan bank will verify several aspects: the situation of the house, the qualification and credit status of the borrower, etc. This is an important link in the process of commercial loans. If the credit of the loan applicant is not good, it will directly lead to the failure of the loan application, so it is very important to accumulate good personal credit in life.

4. Both parties shall go through relevant formalities: the bank informs the loan applicant that after the loan is approved, it is necessary to open an account in the bank, get a debit card and sign a loan contract. At the same time, handle mortgage, guarantee, pledge, insurance and other related guarantee procedures. When signing a loan contract and handling the guarantee formalities, you must know the detailed rules in the contract in detail and make clear your rights and obligations so as to avoid unnecessary misunderstanding.

5. Bank loan: After all loan procedures are completed, the bank transfers the loan funds to the account of the real estate developer, and the loan relationship is established, and the lender repays the loan according to the regulations.

Can mortgage commercial loans be converted into provident fund loans?

Of course. When a commercial loan is converted into a provident fund loan, the borrower should meet the following conditions at the same time: it meets the application conditions for housing provident fund loans in this city; The borrower must be the borrower or spouse of the original housing loan (the buyer is required); The original commercial housing loan has not been settled, and the bank agrees that the borrower will settle the loan in advance; The original commercial housing loan has been repaid for more than one year (inclusive), with a good credit record and no overdue loan balance. "Regulations on the Management of Housing Provident Fund" "Regulations on the Management of Housing Provident Fund" Article 24 An employee may withdraw the storage balance in the employee's housing provident fund account under any of the following circumstances: (1) purchasing, building, renovating or overhauling his own house; (2) retirement; (three) completely lose the ability to work, and terminate the labor relationship with the unit; (4) Having left the country to settle down; (5) Repaying the principal and interest of the house purchase loan; (six) the rent exceeds the prescribed proportion of family wage income. In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.

Can commercial loans be converted into provident fund loans? How to turn?

Converting commercial loans into provident fund loans is the so-called "business to public", which will save a lot of money after handling. The whole business process of public transfer is not complicated, and the specific process is as follows:

Consultation application: contact the bank account manager of the original commercial loan and inform him that it is necessary to handle the "commercial transfer to public".

Submit relevant materials: ID card of the lender and spouse, marriage certificate or single certificate, household registration book, commercial loan contract, real estate appraisal certificate and repayment bank card;

Data submission: the loan bank shall review the data of the sub-lender and report it to the local capital center for approval;

Signing a contract: after approval, sign a provident fund loan contract and a mortgage contract with the lending bank and a guarantee contract with the guarantee company;

Pre-deposit of funds: settle the difference between the provident fund loan and the original commercial loan balance and deposit it in the deposit account of the original commercial loan bank;

Fund disbursement: the local fund center allocates loan funds, and the lending bank issues provident fund loans and settles the original loans at the same time.

Here, the transfer business is successful! 1. Commercial mortgage loans can be transferred to provident fund loans (some cities cannot transfer them yet). The transfer procedure is to go to the local provident fund management center with the loan contract, the certificate of residual principal issued by the loan bank, the receipt of the last bank repayment and the certificate of provident fund deposit issued by the unit.

2. If the local business of transferring commercial loans to provident fund loans has not been carried out, you can withdraw the balance in your own provident fund account to repay commercial loans. There are two ways to withdraw: one is to withdraw the loan principal in full (such as 20 thousand and 30 thousand), and recalculate the monthly repayment amount after the principal is reduced (monthly supply is reduced); Second, the loan will be repaid monthly after withdrawal. For example, your current monthly payment is 1800, and your provident fund is 800 per month. Then you only need to deposit 1 0,000 yuan in the "repayment card" every month, and 800 yuan will pay it back from the provident fund account.

The regulations of provident fund management centers vary from place to place. You can consult the local provident fund management center for details. Commercial loans to provident fund loans:

Step 1: Go to the provident fund management center to get the application approval form.

Step 2: The original commercial loan bank confirms the principal amount of the commercial loan and whether it is overdue on the application form.

The third step, the center approves and designates the bank outlets that handle the entrusted loans of provident fund.

The fourth step; The loan applicant submits the original house ownership certificate to the headquarters of the guarantee company, and pays off the original commercial loan with its own funds or the funds of the guarantee company.

Step 5: The applicant submits the certificate of other rights of the original commercial loan and the application form for cancellation of other rights to the guarantee company (headquarters or branches located in the entrusted bank).

Step 6: The guarantee company handles the guarantee procedures of provident fund loan for the lender.

Step 7: entrust a bank outlet to handle the mortgage formalities of the provident fund and transfer the borrower's loan to the guarantee company.

Step 8: The guarantee company handles the cancellation of other rights of the original commercial loan and the registration of other rights of the mortgage of the provident fund loan for the borrower.

Step 9: The guarantee company informs the borrower to get back the house ownership certificate.

Step 10: The borrower repays the funds borrowed by the guarantee company with the provident fund loan (if the borrower resumes the commercial loan with its own funds, the guarantee company will pay the provident fund loan to the borrower). First get two certificates (land certificate and real estate license), then go to the provident fund center for pre-approval of business transfer, and go to real estate assessment to provide materials according to their regulations, and then pay off the balance of commercial loans. After the real estate mortgage is decompressed, the decompressed real estate license and commercial loan repayment certificate will be copied to the provident fund center, and they will go through the formal examination and approval, and go through the loan formalities at the entrusted bank of the provident fund loan. After the land and real estate mortgage registration is completed, give it to the bank, and you can wait for the bank to give you a loan.

The above contents are for reference only, I hope I can help you. Thank you for your support to Kanfangwang. I wish you a happy purchase!