The business of converting bank mortgages into provident fund loans has not yet been launched in many cities. At present, only some cities in some provinces (cities) such as Liaoning, Fujian, Zhejiang, and Sichuan have begun to implement it. Wenzhou and Ningbo in Zhejiang where you are located have also opened it.

Please inquire if it can be done in Hangzhou.

Concept: The business-to-public loan business refers to a borrower who has applied for a personal housing loan at a commercial bank and is qualified for a personal housing provident fund loan, and converts the personal housing loan from a commercial bank into a provident fund loan or a provident fund portfolio loan.

Conditions: Applicants must meet the following four conditions: the original commercial house purchase loan bank agrees to the borrower's early settlement of the loan; the original commercial house purchase loan has been repaid for more than one year (inclusive) and has no overdue loan balance; it complies with the national regulations on housing provident funds.

Relevant regulations on personal housing loan policies; comply with various policies and regulations on housing provident fund loans in the province where the housing provident fund is paid and where the housing provident fund is deposited.

Interest rate: The interest rate of the commercial-to-public loan will be based on the personal housing provident fund loan interest rate stipulated by the People's Bank of China.

The current annual benchmark interest rate for personal commercial home purchase loans over five years is 6.55%, and the annual benchmark interest rate for housing provident fund loans is 4.5%.

Previously, many home buyers had to choose commercial loans with higher interest rates when buying a house because the provident fund loan application process was troublesome and took a long time.

If the business-to-business transfer is completed, the loan repayment pressure will be alleviated.

Processing procedures: 1. Apply in advance. Only after passing the review can you apply for refinancing business. In addition to providing the personal information of the borrower and spouse and information related to the purchase and construction of a house as required, you must also provide the personal housing consumption loan signed by the original commercial bank.

Relevant supporting documents of contract, loan balance or early repayment.

Employees who request to transfer loans must apply in advance to the sub-centers and management departments of the city's housing provident fund management center, and fill out the local "Application Form for Converting Commercial Personal Housing Loans to Personal Housing Provident Fund Loans", which must be reviewed and approved by the sub-centers and management departments.

, you can go through the loan transfer procedure.