I believe everyone knows that the interest rate of provident fund loans is generally lower than that of commercial loans. So now more and more people want to convert commercial loans into provident fund loans, the main purpose is to save some money. So, is it good to transfer commercial loans to provident fund? Let's explore the answer together! \r\n 1。 Can commercial loans be transferred to provident fund? \r\n 1, the loan amount is different \r\nGenerally speaking, the commercial loan amount will be higher than the provident fund loan amount, but the provident fund loan amount is not only limited, but the auditing standard will be stricter. Therefore, it will be more difficult for commercial loans to be converted into provident fund loans. \r\n2。 The guarantee methods are different \ r \ nIt is understood that the commercial loan method is: staged joint and several liability guarantee+mortgage of the developer. However, when you use the provident fund loan, the applicant must use the guarantee means of joint liability guarantee. Because these two loan methods are different, it will be difficult to change them. \r\n3, different loan interest rates \ r \ nAs we all know, the interest rate of provident fund loans is generally lower than that of commercial loans, and if provident fund loans are used, the repayment method will be more flexible and the down payment ratio will be lower. However, although it will be more difficult to convert commercial loans into provident fund loans, it is not impossible. Under normal circumstances, as long as the applicant meets the conditions of commercial loans to provident fund loans, it can be realized. \ r \ Second, is it cost-effective to convert commercial loans into provident funds? \ r \ nIn fact, it is not necessarily cost-effective to convert commercial loans into provident fund loans. Because most people who buy houses have their own provident fund accounts, because the balance of provident fund is too low or other reasons choose commercial loans, so it is not necessarily cost-effective to convert to provident fund loans in the later stage. \ r \ Editor's summary: The above introduces whether the commercial loan to provident fund has been improved and whether the commercial loan to provident fund is cost-effective. I hope I can give you some help!

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