It is currently a commercial loan and can be converted into a provident fund loan after one year. The interest rate of the provident fund loan is lower.

Conversion of commercial loans to provident fund loans needs to meet the following conditions:

(1) The housing provident fund has been paid in full for 6 consecutive months before applying for a loan according to the city’s housing provident fund management regulations (or (three months) or more, and neither the borrower nor his spouse has housing provident fund loan debts, and has not provided loan guarantees or auxiliary loans to other provident fund borrowers.

(2) House owners who purchase, construct, renovate, overhaul and renovate urban self-occupied housing or holders of house-use rights who purchase public housing and *** with house owners or house-use rights holders Immediate relatives who live together;

(3) Have stable income, good credit, and the ability to repay the principal and interest of the loan;

(4) Have the ability to purchase, build, renovate, Relevant procedures for decorating self-occupied housing, approval documents from land, construction, planning and other departments and the prescribed proportion of self-raised funds;

(5) Provide compliance with the "Guarantee Law of the People's Republic of China and the People's Republic of China" Guarantee stipulated and recognized by the Management Center;

(6) Other stipulated conditions.