Commercial loans can be converted into housing provident fund loans, and the following conditions must be met:
The borrower must be the borrower or spouse of the original housing loan (need to be the buyer) ;The original commercial house purchase loan has not been settled and the bank agrees to the borrower to settle the loan in advance; 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;
All The purchased property has obtained a house ownership certificate issued by the local real estate registration department and is of steel-concrete structure; the commercial loan that can be mortgaged on the purchased property can be converted into a provident fund loan; those who have not applied for a housing provident fund loan; those who have a commercial loan converted into a provident fund loan Materials required by the conditions (original copies of all information must be provided).
Extended information
On the 25th, the Nanjing Housing Provident Fund Management Center of Jiangsu Province issued the "Interim Measures for Converting Personal Housing Provident Fund Loans to Commercial Discounted Loans", allowing lending banks to transfer housing provident fund loans to commercial residents based on their provident fund loan quotas. When individuals issue commercial loans, the Provident Fund Center will subsidize the interest rate difference between commercial loans and provident fund loans.
According to this method, when the housing provident fund individual loan rate is higher than 90%, the Nanjing Provident Fund Management Center will start the public interest discount loan business. The interest discount funds for the "public transfer business" interest discount loans will be disbursed from the housing provident fund business expenses. "Public-to-business" discount loans are managed in accordance with the provident fund loan management principles, and the applicant's application for a public-to-business transfer is recorded as an application for a provident fund loan.
The relevant person in charge of the Nanjing Provident Fund Management Center said that the launch of the "public transfer to commercial providers" policy is to ease the loan pressure of home buyers, ensure the healthy liquidity of loan funds, and at the same time better support and meet the needs of housing provident fund payments. Deposit employees’ demand for home purchase loans. However, currently the only loan bank that can handle "public transfer" is China Construction Bank.
Data from Nanjing Online Real Estate shows that in July this year, 10,586 new houses were sold in Nanjing. The transaction volume increased by more than 20% compared with June, and it increased sharply by more than 130% year-on-year, setting a record of six The monthly transaction record for the year has reached a new high, which is only just over 200 units shy of the highest monthly transaction record in history (November 2009).
The concept of the national-level Jiangbei New District has made pure new projects in this sector popular, and the sales of multiple properties have reappeared with "sunlight". This has also increased the pressure on Nanjing's provident fund loans.
It is understood that the phenomenon of "equal loans" for Nanjing Provident Fund is relatively common. Some home buyers said that after consulting the provident fund and banks, the news they got was that provident fund loans need to be queued, and the waiting time may be as long as two or three months. "Public transfer providers" will become the choice of many home buyers who just need it.