Lenders need to provide the materials needed for the loan and fill in the Application Form for Converting Commercial Housing Loan to Provident Fund Housing Loan. Other procedures are the same as normal loan approval. After the loan is approved by the center, the borrower will handle the guarantee and notarization, and the center will issue the "Closing Form for Personal Housing Loan from Commercial Bank Loan to Housing Provident Fund". The borrower pays off the loan balance at the bank, goes through the mortgage transfer formalities at the property right office, and returns the mortgage list and red card to the guarantee company. The guarantee company shall retrieve other certificates of rights and hand them over to the central loan officer. After that, it can be carried out in accordance with the normal loan issuance procedures.
Time varies from place to place. For details, please contact Deqing Sub-branch of the local provident fund management center at 8060405.