Can a commercial loan be converted into a provident fund loan?

1. Can a commercial loan be converted into a provident fund loan?

The answer is that it can be converted if the conditions are met.

2. What are the conditions required for a commercial loan to be converted into a provident fund loan?

1. The housing provident fund must be paid continuously and normally for more than six months.

2. The property purchased with the original commercial loan is commercial housing (excluding second-hand housing).

3. The "House Ownership Certificate" has been obtained.

4. The repayment period must be more than one year, and the repayment record of the original commercial loan in the past 24 periods shows no more than two consecutive periods or no more than four cumulative periods.

Required information:

1. The last 24 repayment details issued by the original lending bank. If it does not exceed 24 periods, all repayment records (must include monthly repayments) , penalty interest, compound interest, etc. detailed records) and stamped with the bank's seal;

2. 2 copies each of the original "Loan Contract", "Mortgage Contract" and "House Purchase Contract";

3. 2 copies of the "House Ownership Certificate";

4. 2 copies each of the couple's ID card, household register, and marriage certificate;

5. Divorce The person must provide 2 copies of the divorce certificate (civil mediation document or judgment, accompanied by proof of delivery or issuance of the effective judgment);

6. 2 original income certificates issued by the spouses’ units (wage department) Stamped);

7. The borrower’s unit accounting department provides an eight-digit personal provident fund account number, such as: “10XXXXXX”.

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How to convert a commercial loan into a housing provident fund loan

Currently, there are only provident fund management centers in some areas Cooperate with banks to open a business of converting commercial housing loans into provident fund loans. For specific information, please consult the local provident fund management center first.

The above content is for your reference, please refer to actual business regulations.

How to convert a commercial loan into a provident fund loan

1. Can a commercial loan be converted into a provident fund loan?

Commercial loans can be converted into a provident fund loan, but the following must be met Conditions:

1. The borrower works in the provident fund loan application place and the provident fund is in normal deposit status when applying for the loan;

2. The applicant or *** and the applicant’s unit are It is stipulated that the borrower must pay the housing provident fund for a full month or more;

3. The applicant has a stable economic income and the ability to repay the loan;

4. The applicant agrees to provide Recognized loan guarantee method;

5. The applicant and the applicant’s spouse, except for the loan applied for transfer to provident fund, have no outstanding loans or other debts;

6. The "House Ownership Certificate" or "House Advance Registration Certificate" involved in the conversion of commercial loans to provident fund loans has been issued and the mortgage registration procedures can be completed;

7. The normal repayment years of commercial loans include more than 10 years and no Overdue repayment record;

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

9. Commercial loans converted to provident fund loans can only be applied for pure provident fund loans;

1. Consult and accept. Applicants for loan refinancing should go to the original commercial loan bank for consultation. If they meet the conditions for refinancing, bank staff should guide the borrower to correctly and completely fill in the "Personal Housing Provident Fund Refinancing Folder".

2. Submit information. Submit relevant information required by the lending institution.

3. Loan acceptance. For eligible borrowers, the trustee bank will conduct a pre-loan trial calculation in the provident fund system, and based on the trial calculation results and loan repayment ability, negotiate with the borrower to determine the loan amount, term, interest rate and repayment method; the trustee bank will conduct a pre-loan trial calculation in the provident fund system. Conduct a preliminary review. If the application fails the preliminary review, the borrower will be contacted promptly and informed of the reasons.

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

5. Pre-deposit funds. The borrower deposits the difference between the balance of the original commercial loan and the re-loan with its own funds into a special deposit account opened by the re-loan bank to settle the original commercial loan in advance.

6. Loan disbursement. The bank that manages the disbursement of loan funds and has on-loan notices the on-loan borrower to simultaneously settle the original commercial loan with provident fund loan funds and the borrower's pre-deposited funds.

3. How to convert commercial loans into provident fund loans (process)

7. Apply for mortgage. The guarantee company will handle the cancellation procedures for the original commercial loan property mortgage, and complete the registration procedures for transferring the provident fund loan mortgage.

How to convert a commercial loan for a house purchase into a provident fund

There are many situations where you get a loan from a commercial bank because you are buying a second-hand house or the developer does not support a provident fund loan. The loan interest rate of a commercial bank It is much higher than the provident fund, and the provident fund itself does not generate any income, which is a double loss for people with provident funds.

Therefore, if you buy a house with a commercial loan and have provident fund, it is best to switch to a provident fund loan. For example, if you take a loan of 280,000 from a commercial bank with a term of 20 years and equal principal and interest, then the monthly repayment will be about 1,830 yuan per month, while the provident fund only costs 1,400 yuan. /month, if you have money in your provident fund account, you can also apply for hedging. If you hedge 1,000 yuan per month, the actual monthly loan repayment will only be 400 yuan, which is very cost-effective for salaried workers.

First, go to the provident fund center where the property is located for consultation, and ask for the materials to be prepared and the details that need to be paid attention to. You must first ask whether your situation allows you to convert a commercial loan into a provident fund loan. There are many conditions for converting a business into a public company. You must meet certain conditions before you can get a loan. Otherwise, you may be afraid that if you repay the loan here, you will be passive if the loan cannot be obtained there.

Second, repay the loan at the commercial bank and go to the bank to print half a year's bank statements and proof of loan settlement. Please note that the provident fund is required to submit preliminary review materials within thirty days after the bank issues a settlement certificate. If it is overdue, it will not be processed.

Third, prepare the materials required by the Provident Fund one by one, and submit the materials to the special review window of the Provident Fund Center for preliminary review. After the preliminary review is over, wait for the provident fund center to notify you of the interview, usually via text message. Be sure to pay attention to avoid missing the time.

Fourth, the original documents from the initial review must be brought with you to the interview, and the provident fund center must scan and enter them into the system. There are several processes after the interview. Generally, there is a process description. Applicants can follow the process.

Fifth, after the interview is completed, go to the real estate center to handle the mortgage procedures. Five days later, pay the fee and send the mortgage procedure registration form to the provident fund center. For mortgage procedures, you must bring your ID card, real estate certificate and provident fund related forms.

Sixth, to apply for loan mortgage, take your real estate certificate to the real estate center to apply for mortgage, and hand in the mortgage fee note to the provident fund center. At this point, all the formalities for business-to-public transfer have been completed, and we are patiently waiting for the loan.

How to convert a commercial loan into a provident fund?

Commercial loans can be converted into housing provident fund loans.

1. To convert a commercial loan into a provident fund loan, the borrower should meet the following seven conditions at the same time:

1. Meet the city’s housing provident fund loan application conditions;

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

3. The original commercial home purchase loan has not been settled and the bank agrees to the borrower’s early settlement of the loan;< /p>

4. The original commercial house purchase loan has been repaid for more than one year (inclusive), the credit record is good, and there is no overdue loan balance;

5. The purchased property has been issued by the local real estate registration department The house ownership certificate is a steel-concrete structure;

6. Commercial loans that can be mortgaged on the purchased property can be converted into provident fund loans;

7. Have not applied for housing provident fund loan.

2. Materials required for converting commercial loan to provident fund loan (all materials must be original):

1. Original house purchase contract;

2. Original house purchase invoice issued by the tax department;

3. Original "House Ownership Certificate" and "Land Certificate";

4. Original ID cards of both spouses (within one year from expiry date) Above);

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

6. Original household registration book;

7 , Bank settlement certificate and original repayment voucher;

8. Original "Loan Contract" signed with the bank.

Extended information:

Loan conditions

1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who do not participate in the housing provident fund system You cannot apply for a housing provident fund loan.

2. Those who participate in the housing provident fund system must also meet the following conditions when applying for a housing provident fund personal home purchase loan: that is, they must have continuously paid and deposited housing provident fund for no less than six months before applying for a loan. This is because if employees’ behavior of paying housing provident funds is abnormal and intermittent, it means that their income is unstable and risks will easily arise after the loans are issued.

3. If one spouse applies for a housing provident fund loan, neither spouse will be able to obtain a housing provident fund loan again before the spouse repays the principal and interest of the loan. Because housing provident fund loans are financial support provided to meet the basic housing needs of employee families, and are a type of "housing security" financial support.

4. When a loan applicant applies for a housing provident fund loan, in addition to having a relatively stable economic income and the ability to repay the loan, the loan applicant must not have a large amount that has not yet been paid off, which may affect the repayment of the housing provident fund loan. capacity for other debts. When employees are burdened with other debts, granting housing provident fund loans is very risky and violates the principle of safe operation of housing provident funds.

5. The maximum term of provident fund loans shall not exceed 30 years. When applying for a portfolio loan, the loan terms of the provident fund loan and the commercial housing loan must be consistent.