Commercial loans can be converted into housing provident fund loans, but the following conditions need to be met:

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

2. The original commercial housing purchase loan has not been settled, and the bank agrees that the borrower will settle the loan in advance;

3. The original commercial housing loan has been repaid for more than one year (inclusive), with a good credit record and no overdue loan balance;

4. The purchased property has obtained the real estate license issued by the local real estate registration department, and it is a steel-concrete structure;

5. Commercial loans that can be mortgaged for the purchased real estate can be converted into provident fund loans;

6, did not apply for housing provident fund loans.

Information required for commercial loans to provident fund loans

1. Original and photocopy of ID card, household registration book and marriage certificate of the lender and spouse;

2. The original and photocopy of the house ownership certificate and state-owned land use certificate of the house purchased by the original commercial loan; The original loan mortgage contract of the house purchased by the original commercial loan and a copy of the commodity (economic) house sales contract or the stock house sales contract; The repayment record of the lender's original commercial loan issued by the original commercial loan bank and the proof of the balance and remaining term of the original commercial loan as of the date of applying for the transfer to the provident fund loan;

2. The housing appraisal report issued by the housing appraisal agency recognized by the management on the transfer of second-hand housing business loans to provident fund loans;

3. A notarized statement that the owner of the house property agrees to mortgage;

4. A copy of the mortgage certificate (faster mortgage certificate or house ownership certificate) provided by the original commercial loan bank, and stamped with the official seal of the bank;

5. Other information required by the management or the entrusted bank.

Ways of transferring commercial loans to provident fund loans

1. The customer can redeem the building and cancel the mortgage, and then go to the provident fund center to register the mortgage.

2. The customer paid the deposit and used another house as collateral. Provident fund center can lend money to customers, and customers will refund the deposit after paying off the original loan.

3. Find a guarantee company to repay the original commercial loan in advance. Customers need to pay the prepayment fee and deposit to the guarantee company and provident fund center. After the mortgage is redeemed, he will go to the provident fund center to apply for a mortgage. After the mortgage is implemented, the provident fund center will lend money and refund the customer's deposit.