First of all, to convert a commercial loan to a provident fund loan, you must have obtained the property ownership certificate and land certificate of the house, and the personal provident fund has been remitted normally for half a year.

Secondly, if the above conditions are met, you can go to the provident fund management center to get the application form, go to the bank where you originally borrowed the loan to check the loan balance, and then the provident fund management center will approve it, and then go to the real estate guarantee company to go through the procedures. Then go to the original lending bank to repay the loan, and then go to the bank designated by the Provident Fund Management Center to handle the provident fund loan procedures.

You can apply for a commercial loan converted into a provident fund loan

1. The employer did not pay the provident fund when buying the mortgage. Now that you have changed your job, the employer pays a certain amount of housing provident fund every month.

2. I didn’t know that housing provident fund could be used as a loan to buy a house, so I directly applied for a commercial loan.

3. At that time, the unit also paid the provident fund, but the home buyer did not meet the local conditions for applying for a housing provident fund loan, so he had to apply for a commercial loan.

There is no need to convert a commercial loan into a provident fund loan.

1. People who have enjoyed the 30% discount on interest rates do not need to switch to provident fund loans.

2. Home buyers who are nearing the end of their original mortgage repayments do not need to apply.