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.

How to turn commercial loans into housing provident fund loans?

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;

6. The "Property Ownership Certificate" or "Housing Advance Notice Registration Certificate" involving provident fund loans in commercial loans has been completed and mortgage registration procedures can be handled;

7. The normal repayment period of commercial loans is more than years and there is no record of overdue repayment;

8. Portfolio loans cannot be converted from commercial loans to provident fund loans;

9, commercial loans to provident fund loans can only apply for pure provident fund loans;

Second, how to transfer commercial loans to provident fund loans?

1, consultation accepted. If the sub-loan applicant meets the loan conditions after consultation with the original commercial loan bank, the bank staff shall guide the borrower to fill in the personal housing provident fund loan folder correctly and completely.

2. Submission of materials. Submit the relevant information stipulated by the lending institution.

3. Loan acceptance. For eligible borrowers, the entrusted bank conducts a preliminary examination before lending in the provident fund system, and determines the loan amount, term, interest rate and repayment method through consultation with the borrowers according to the preliminary examination results and repayment ability; The entrusted bank conducts the preliminary examination in the provident fund system. If the preliminary examination fails, the borrower shall be notified in time and the reasons shall be informed.

4. Sign the contract. The loan applicant signed a loan (mortgage) contract with the original commercial loan bank, and signed a guarantee contract with the guarantee company designated by the management under the guidance of the bank.

5. Pre-deposited funds. The loan applicant will deposit the difference between the original commercial loan balance and the refinancing into a special deposit account opened by the refinancing bank, and settle the original commercial loan in advance with its own funds.

6. Loan issuance. Manage the issuance of loan funds, and the loan bank informs the loan borrower to use the provident fund loan funds and the borrower's pre-deposited funds to settle the original commercial loan at the same time.

7. Apply for a mortgage. The guarantee company will handle the cancellation procedures of the original commercial loan real estate mortgage on its behalf, and complete the registration procedures such as mortgage transfer of provident fund loans.

I hope I can help you.

How to convert commercial loans into provident fund loans?

Commercial loans can be converted into housing provident fund loans.

I. When a commercial loan is converted into a provident fund loan, the borrower shall meet the following seven conditions:

1, which meets the application conditions for housing provident fund loans in this city;

2. The borrower must be the borrower or spouse of the original housing loan (required by the buyer);

3. The original commercial housing purchase loan has not been settled, and the bank agrees that the borrower will settle the loan in advance;

4. The original commercial housing loan has been repaid for more than one year (inclusive), with a good credit record and no overdue loan balance;

5. The purchased property has obtained the real estate license issued by the local real estate registration department, and it has a steel-concrete structure;

6. Commercial loans that can be mortgaged for the purchased real estate can be converted into provident fund loans;

7, did not apply for housing provident fund loans.

Two. Materials required for the conditions of transferring commercial loans to provident fund loans (all materials must be original):

1, the original purchase contract;

2. The original purchase invoice issued by the tax department;

3. Original property certificate and land certificate;

4. The original ID cards of both husband and wife (valid for more than one year);

5. Original marriage certificate or single certificate (the single certificate is stamped with the official seal of the unit);

6. Original residence booklet;

7. Original bank settlement voucher and repayment voucher;

8. Original loan contract signed with the bank.

Extended data:

Letter of credit clause

1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans, and employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans.

2. To participate in the housing provident fund system, if you want to apply for a housing provident fund personal purchase loan, you must also meet the following conditions: that is, the housing provident fund has been continuously paid for at least 6 months before applying for the loan. Because, if the employee's behavior of paying housing provident fund is abnormal and intermittent, it means that his income is unstable and he is prone to risks after issuing loans.

3. One of the husband and wife has applied for a housing provident fund loan, and neither of them can get a housing provident fund loan until the principal and interest of the loan are paid off. Because the housing provident fund loan is a kind of "housing security" financial support to meet the basic housing needs of workers' families.

4. When applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and repayment ability, and there are no other outstanding debts that may affect the repayment ability of the housing provident fund loan. When employees have other debts, it is risky to lend to housing provident fund, which violates the principle of safe operation of housing provident fund.

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