What are the ways to transfer commercial loans to provident fund?

1. Repay the loan first: Repay the loan first means that the borrower first applies to the provident fund center to transfer the commercial loan to the provident fund. With the approval of the provident fund center, employees can pay off their commercial loans with their own funds and go through the guarantee procedures. After this series of procedures, the relevant departments will issue commercial loans to the provident fund.

2. Lending: Lending refers to the borrower's first application to the provident fund center to convert a commercial loan into a provident fund. With the approval of the provident fund center, the borrower can pay off the balance of principal and interest of commercial loans in advance, go through the guarantee procedures, and finally the relevant departments will issue commercial loans to the public. Next, the borrower, the guarantee company and the bank * * * use the commercial loan to transfer to the common reserve fund to pay off the commercial loan and go through the mortgage counter-guarantee procedures.

Process of transferring commercial loans to provident fund

1. Pre-loan consultation: loan applicants go to the provident fund management center for consultation and obtain relevant forms.

2. Loan application: the loan applicant submits a written application to the provident fund management center for transferring the loan to the public, and submits the corresponding application materials.

3. Pre-lending survey: The provident fund management center conducts pre-lending surveys such as personal credit survey, real estate survey and real estate evaluation according to the information provided by the loan applicant.

4. Approval: The provident fund management center will review the application materials and investigation provided by the loan applicant, and make a decision to approve or disapprove the loan.

5. Settle the original commercial loan and cancel the original mortgage: After the provident fund management center approves the loan, it will notify the loan applicant to settle the original commercial loan and cancel the original mortgage within 15 working days.

6. Signing a contract: The loan applicant will sign a housing mortgage loan contract at the provident fund management center with the original commercial loan settlement certificate, the original and photocopy of the house ownership certificate or the pre-registration certificate of commercial housing and other materials required by the provident fund management center.

7. Handle mortgage registration, notarization and loan issuance.