Very cost-effective. The following conditions need to be met when a bank commercial loan is converted into a housing provident fund loan: 1. The loan applicant meets the general housing provident fund loan conditions; 2. The loan applicant has obtained the house ownership certificate and the state-owned land use certificate of the purchased house; 3. The original commercial loan must be a house purchase loan and there is no debt for more than two months at the time of lending. The difference between commercial loans and provident fund loans: 1. Personal loans from housing provident funds with different sources of funds are housing security loans for the purchase of owner-occupied houses, which are not for profit. Commercial loans are transactions in which real estate is used as collateral to obtain one-time loans from banks and other financial institutions. It is a loan method approved by commercial banks for profit. Second, the loan object of housing provident fund in different places should have full capacity for civil conduct, pay the provident fund in full for more than 6 months every month, have a stable occupation and income, have the ability to repay the loan principal and interest, have a good personal credit status, agree to provide loan guarantee approved by the center, and recognize the terms of the loan contract. The object of commercial housing loan is a natural person who has passed the credit investigation and has the ability to repay. Generally speaking, people with good credit and strong repayment ability can apply for commercial loans. Third, the loan procedures are different. Provident fund loan procedures are complicated. Applicants need to provide relevant information to the counter of the provident fund center for review and acceptance. The staff at the central counter will input the application information into the loan system of the provident fund center to investigate and verify the application. Then, according to the information provided by the borrower and the investigation, determine the loan amount, term and guarantee method, sign the contract and go through the mortgage or pledge procedures, and finally issue the loan. Commercial loans can be handled by the borrower directly providing relevant materials to relevant banking institutions or developers who have signed cooperation agreements with banks after signing the purchase contract. Four. Different repayment methods The repayment methods of provident fund loans are relatively simple, mainly including matching principal and interest and average capital. In addition, provident fund loans only have one opportunity to repay in advance. Commercial loans have a variety of repayment methods to choose from, and they are more free and flexible in prepayment. General commercial loans can be repaid in advance every year after one year. 5. Housing provident fund housing loans with different costs generally only need guarantee fees and evaluation fees. Commercial banks generally need attorney fees and insurance premiums for housing loans. For commercial loans, law firms are entrusted to conduct credit investigation on borrowers, and lawyers charge 4‰ lawyer fees, while provident fund loans do not require individuals to pay lawyer fees.

Second, is it cost-effective to buy a house with provident fund loans?

It's a good deal.

Basic conditions for applying for housing provident fund loans:

1, the identity is legal and valid;

2. Have full capacity for civil conduct;

3. Have a stable occupation and income, good credit status and the ability to repay the principal and interest of the loan;

4, purchase, construction, renovation, overhaul occupied housing;

5, with the purchase, construction, renovation, overhaul of owner-occupied housing contract or related documents;

6. Provide customer-recognized guarantee;

7. The borrower and his wife have no outstanding housing provident fund loans or housing provident fund policy discount loans;

8. Deposit conditions: the housing provident fund account has been established for more than 6 months (inclusive).

Provide the following information:

1, the deposit certificate of the applicant's and spouse's housing provident fund;

2, the applicant and spouse's identity certificate (refers to the resident identity card, permanent residence booklet and other valid residence documents), proof of marital status;

3. Proof of stable family income and other proof of creditor's rights and debts that have an impact on repayment ability;

4, the purchase of housing contracts, agreements and other valid documents;

5. List of collateral, pledge, certificate of ownership, certificate of consent of authorized disposition, and certificate of collateral valuation issued by relevant departments;

6. The Provident Fund Center requires the third-party guarantor to provide guarantee and pay the guarantee fee, and the borrower, the lender and the third-party guarantor * * sign a tripartite contract.

Other information required by the provident fund center:

1. For the loan application with complete information, the bank will accept and review it in time and submit it to the provident fund center in time;

2, provident fund center is responsible for the approval of loans, and timely notify the bank of the approval results;

3. The bank shall notify the applicant to handle the loan formalities according to the examination and approval results of the provident fund center. The borrower and his wife sign a loan contract and related contracts or agreements with the bank, and send the loan contract and other procedures to the provident fund center for review. After the approval of the provident fund center, the entrusted funds will be allocated, and the entrusted bank will issue loans in full and on time according to the loan contract.

4. If the house is secured by mortgage, the borrower shall go through the mortgage registration formalities at the real estate management department where the house is located. If the mortgage contract or agreement is signed by both husband and wife and pledged by securities, the borrower shall hand over the securities to the management department or the joint center for safekeeping.

3. I just joined the work and paid very little housing provident fund. Can I borrow money to buy a house?

Thank you for inviting me. I'm Uky.

First of all, let's clarify the concept of housing provident fund-the housing provident fund system is actually a housing security system and a form of monetization of housing distribution.

Secondly, the housing provident fund paid by individual employees and the housing provident fund paid by the unit are all stored in special accounts and owned by individual employees.

The key to whether you can get a loan: generally, you can apply for a provident fund loan if you have paid for more than 6 months continuously or accumulated 12 months. You can go to the local housing provident fund management office for details.

Finally, if you meet the conditions of local provident fund loans, you can use provident fund loans to buy a house, regardless of the amount of housing provident fund. The amount of housing provident fund is only related to the size of loanable amount. The longest term of provident fund loans shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.

I'm Uky's sister. Please comment below if you have any other comments. You are also welcome to follow me to learn more anecdotes. Remember to like it!

Fourth, is it cost-effective for individuals to pay provident fund loans to buy a house?

Of course, it is cost-effective, and the interest rate of provident fund housing loans is very low, even upside down. Of course, it is not upside down with deposits, but with the interest rates of some wealth management products.

And you give you a loan amount according to the amount of your provident fund, so the provident fund

Many people apply for commercial loans first, and then turn to provident fund loans, which means they take a fancy to provident fund loans.