Core Viewpoint - Guangzhou plans to ease the burden of home loans by allowing the conversion of personal housing commercial loans to provident fund loans, as outlined in the draft implementation measures released by the Guangzhou Housing Provident Fund Management Center [2][3]. Group 1: Eligibility and Conditions - Applicants for converting commercial loans to provident fund loans must meet specific criteria, including having contributed to the housing provident fund for at least 60 months, owning a single property in Guangzhou with a property certificate, and having a pure commercial loan that has been disbursed for at least 5 years without any overdue payments in the last 24 months [2]. - The property must not have any legal restrictions such as seizure or residence rights [2]. Group 2: Loan Amount and Terms - The loan amount for the conversion must comply with the regulations for personal provident fund loans in Guangzhou and cannot exceed the difference between the original commercial loan balance and the principal due in the next three months, capped at 60% of the total purchase price [2]. - The loan term for the converted loan cannot exceed the remaining term of the original commercial loan, and the total repayment period must not exceed 30 years [2]. Group 3: Interest Rates and Dynamic Adjustments - The interest rate for the converted provident fund loan will follow the rates published by the People's Bank of China for provident fund loans, with adjustments made annually on January 1 [3]. - The monthly quota for converted loans will be dynamically adjusted based on the personal housing loan ratio, with specific thresholds for increasing or decreasing the loan issuance [3]. Group 4: Market Context - Over 30 cities in China, including Chongqing and Harbin, have implemented similar "commercial to provident fund" loan policies, benefiting citizens by reducing monthly payment burdens and potentially increasing consumer spending in other areas [4].