1. Contact the bank account manager of the original commercial loan and inform him that "business-to-business" is required;
2. According to the requirements, provide the materials required for the loan, including the lender's ID card, single certificate (marriage certificate and spouse's ID card are required for married people), repayment bank card, household registration book, commercial loan contract, real estate appraisal certificate, etc.
3. After reviewing and verifying the information of the sub-lender, the loan bank shall report it to the local capital center for approval;
4. After approval, the sub-lender will sign the Provident Fund Loan Contract and the Mortgage Contract with the loan bank and the guarantee company;
5. The sub-lender settles the balance between the provident fund loan and the original commercial loan and deposits it in the deposit account of the original commercial loan bank;
6. The local capital center allocates loan funds, and the lending bank issues provident fund loans, and at the same time settles the original loans. At this point, the steps of transferring commercial loans to provident fund loans have been completed.
Commercial provident fund loans shall meet the following conditions:
1. When the borrower applies for a loan at the place where the provident fund loan is applied, the provident fund is in a normal deposit state;
2. The applicant or * * * the employer of the applicant has paid the housing accumulation fund for the borrower at least 1 month according to the regulations;
3. The applicant has a stable economic income and the ability to repay the loan;
4. The applicant agrees to provide the approved loan guarantee method;
5. The applicant and * * * together with the applicant, including the spouse, have no outstanding loans or other debts except the loan transferred to the provident fund.
Legal basis: Article 5 of the Regulations on the Management of Housing Provident Fund stipulates that the housing provident fund shall be used for employees to purchase, build, renovate and overhaul their own houses, and no unit or individual may use it for other purposes.
It takes about one month for general commercial loans to be converted into provident fund loans, which is related to the efficiency of local housing provident fund management centers and entrusted banks.
If the speed is fast, it will be completed within 15 working days. Of course, sometimes things are delayed, such as the shortage of funds in banks, which may take more time, and some may take two months to complete.
Customers can check the approval progress at any time, and there will be information notice after the general loan is approved. If there is no movement, customers can also take the initiative to call the staff of the housing provident fund management center for consultation to see what is going on and whether it has been rejected; If it is still under approval, wait patiently.
As for the specific process, the customer first applies to the local housing provident fund management center, and then the provident fund management center approves it. If approved, the customer will sign a loan contract at the outlet to make up the difference between the transferred loan and the original commercial loan, cancel the original mortgage, re-register the notarized mortgage, and then wait for the loan.