What is the transition from business to public?
So-called? Business to the public? , refers to the purchase of commercial loans into provident fund loans, the purpose is to save loan interest expenses.
But at present, it is allowed because it is relatively complicated and involves the interests of property buyers, banks and provident funds. Business to the public? There are few cities, even if they are allowed, there are many restrictions, and the proportion of successful applications is not high.
Which cities are currently allowed? Business to the public? ?
For example, Shenzhen, Chongqing, Shijiazhuang, Taiyuan and other cities can be transferred to the public, but certain conditions need to be met, such as continuous housing provident fund deposit for more than 6 months and bank loan 1 year (subject to local policies).
What are the conditions for handling corporate loans?
The applicant's transfer of public loans shall comply with the relevant provisions of the housing provident fund personal loans and meet the following conditions:
(1) The borrower's commercial loan has not been paid off. The borrower who repays the loan first must be the borrower of the commercial loan or the property owner. The borrower in the form of mortgage loan must be the borrower of commercial loan.
(two) commercial loans involved in the housing property certificate should have been completed, you can go through the mortgage registration procedures.
(three) the borrower has a stable economic income, the ability to repay the loan, good credit, and can repay the principal and interest of the commercial loan in time.
(4) In line with the conditions for prepayment of commercial loans, the lending method must be operated by the commercial loan bank, and the borrower can only choose the lending method after obtaining the consent of the bank.
(five) meet other conditions of personal loans for housing provident fund.
What are the ways to handle corporate loans?
At present, there are two ways to handle corporate loans, one is to repay the loan first, and the other is to offset the loan with the loan.
Repaying the loan means that employees who have applied for commercial loans apply for commercial loans to the provident fund center. With the consent of the center, the employees will pay off the commercial loans with their own funds and go through the guarantee procedures, and then the center will issue the commercial loans.
Loan-for-loan refers to the borrower who has applied for a commercial loan changing from a central applicant to a public loan. With the consent of the center, the borrower pays off the balance of principal and interest of commercial loans in advance and goes through the guarantee procedures. Center issuers turn to public loans, and borrowers, guarantee companies and banks * * * turn to public loans to pay off commercial loans, and go through counter-guarantee procedures for housing mortgages.
Does switching from career to public really save money? Who is not suitable for doing business openly?
Many people want to apply for commercial loans to provident fund loans to save money, but the real situation is that commercial loans to the public may not necessarily save money, and after a complicated process, it may not necessarily save much money. It is not difficult to know whether your family's situation is suitable for commercial loans to provident fund loans.
First of all, look at the remaining years of your repayment.
Commercial loans that are still in the early repayment period (such as the first two or three years) are more cost-effective, and are already in the late repayment period, so it is not recommended to convert them into corporate loans. For example, a commercial loan with a term of 10 year is not cost-effective if it is converted into a provident fund loan in the sixth or seventh year, because the interest in previous years has generally been almost collected by banks.
Second, whether to consider prepayment.
If you are going to pay off the loan in advance in the last two or three years, you don't have to consider handling the business transfer. Because in the whole process of transferring public business, we must first obtain the consent of the original loan bank in accordance with the original commercial loan contract. In this process, the original lending bank will generally charge a penalty interest for prepayment in accordance with the contract, plus the guarantee fee and other expenses incurred in the foreclosure process, which may not be cost-effective.
Third, whether to prepare a second loan for provident fund.
In fact, many young people will have the need to buy a house and change houses in the future. The reduction of the upper limit of the provident fund loan amount may increase their future purchase pressure and even affect their future purchase plan. Therefore, for citizens who still have a small amount of commercial loan balance, it is not recommended that applicants turn to public loans.
Fourth, the second-home provident fund loan floated to the city.
If there are two houses in the name, and the interest rate of commercial loans is discounted, it is not recommended to handle business transfer. Because the interest rate of second-home provident fund loans in some cities will rise 10%. If the previous commercial loan enjoyed a 30% discount and the interest rate was lower than the provident fund interest rate, the discerning person would know at a glance that it was not cost-effective to transfer commercial loans to public loans.