Commercial loans are converted into provident fund loans.
Concepts of commercial loans and provident fund loans
Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. Generally, they are short-term loans, usually nine months, not more than one year, but there are also a few medium-and long-term loans, such as housing loans. This kind of loan is the main part of commercial bank loans, generally accounting for more than one-third of the total loans.
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who pay housing provident fund can apply for provident fund loans according to the relevant provisions of provident fund loans.
Ways of transferring commercial loans to provident fund loans
Commercial loans can be converted into provident fund loans. For individuals who meet the conditions of housing provident fund loans, commercial loans can be converted into provident fund loans in the following three ways:
1. The lender can first settle the original bank loan with self-raised funds, cancel the original house mortgage, and after re-mortgage, the provident fund center will release the loan to the customer's deposit account.
2. The lender pays the down payment and takes another house of himself or his spouse or immediate family as collateral. Provident fund center can lend money to customers, and customers will refund the deposit after paying off the original loan.
3. The lender can find a guarantee company, which will pay off the original loan of the customer in advance, and the lender will pay the advance fee and deposit, and the guarantor will provide phased guarantee. After the mortgage is implemented, the provident fund center will lend money and refund the lender's deposit.
Documents required for transferring commercial loans to provident fund:
If you choose to mortgage the commercial loan to the provident fund with the real estate license, you need to submit the following materials: purchase contract, purchase invoice, loan balance statement issued by the commercial bank, certificate that the bank agrees to transfer the business to the public, enterprise account number of the bank, original mortgaged real estate license, personal housing provident fund loan application form, personal ID card and household registration book, unmarried certificate or marriage certificate, etc. , and then go through the formalities at the Tianxin District Management Department of the corresponding municipal provident fund management center.
(The above answers were published on 20 15-06-29. Please refer to the actual situation for the current purchase policy. )
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