Core Viewpoint - The implementation of the "Commercial Housing Loan to Housing Provident Fund Loan" policy in Guangzhou starting from August 21, 2025, aims to alleviate the financial burden on families with commercial housing loans by allowing them to convert their loans to lower-interest housing provident fund loans [1][2]. Summary by Sections Policy Implementation - The policy allows individuals who have contributed to the housing provident fund for at least 60 months, have not used provident fund loans, and have been paying commercial bank loans for over 3 years to convert their commercial loan balances to housing provident fund loans [1]. - The loan amount will be calculated based on 70% of the lower value between the purchase price and the appraised value of the property, with the total loan term not exceeding 30 years [1]. Financial Benefits - The policy provides a significant reduction in interest rates, for example, a commercial loan of 2 million yuan with a 30-year repayment period can see the interest rate drop from 3.3% to 2.6%, resulting in a monthly interest saving of 752 yuan and a total interest reduction of over 260,000 yuan [2]. - The application process for converting loans is streamlined to a "one-stop" service, allowing applicants to complete the process at the bank managing their original commercial loan without needing to visit the housing provident fund management center [2]. Economic Impact - The introduction of this policy expands the benefits of the housing provident fund, addressing the needs of families with rigid housing demands and reducing their loan interest expenses, which can increase disposable income and stimulate social consumption [2]. - This initiative is seen as a response to public demand and a proactive measure to invigorate the market, ultimately helping more families achieve their housing aspirations [2].
广州商业住房贷款转公积金贷款政策开始实施
Yang Shi Xin Wen·2025-08-21 03:05