Core Viewpoint - Guangzhou has officially launched the "Commercial to Public Loan" policy to allow eligible applicants to convert their commercial housing loans into lower-interest public housing loans, aiming to alleviate the interest burden on borrowers and promote social consumption [1][2]. Group 1: Policy Implementation - The "Commercial to Public Loan" policy will be implemented starting August 21, following the issuance of the "Implementation Measures" by the Guangzhou Housing Provident Fund Management Center [1]. - The policy includes a dynamic adjustment mechanism that links the availability of the "Commercial to Public Loan" to the status of housing provident fund funds, with specific thresholds for activation and suspension based on personal housing loan rates [2]. Group 2: Eligibility Criteria - Applicants must currently contribute to the housing provident fund in Guangzhou and have not used any housing provident fund loans nationwide [2][4]. - Specific conditions include having the original commercial loan disbursed for at least 3 years, no overdue records in the past 12 months, and the property being the only residence of the applicant's family in the city [4][5]. Group 3: Loan Calculation and Limits - The loan amount is capped at 70% of the total purchase price of the property, based on the lower of the original purchase price or a re-evaluation price [2][3]. - The loan term must not exceed the remaining term of the original commercial loan, and the total duration of both loans combined cannot exceed 30 years [3]. Group 4: Additional Notes - The policy only applies to fully commercial housing loans being converted to public housing loans, excluding any combination loans [5]. - There are no fees associated with the housing provident fund loan services, including the "Commercial to Public Loan" [5].