The application for early repayment of a commercial loan to a provident fund loan will be allowed to wait for three months as follows. The bank will allow a waiting period of two months for converting a commercial loan to a provident fund loan. This is because there are too many people handling this business and the bank requires users to queue up to make an appointment. Submit information. Loan customers who enjoy provident fund loans and 30% discount interest rates do not have to rush to repay.