Core Points - The implementation of the "Commercial Loan to Housing Provident Fund Loan" policy in Guangzhou aims to reduce the interest burden on homebuyers and lower housing costs, thereby releasing social consumption potential [1][2] - The policy allows families with commercial housing loans to convert their loans to housing provident fund loans, provided they meet specific criteria, including having paid into the housing fund for over 60 months and having a commercial loan for more than three years [1] - The loan amount is determined based on the lower of the purchase price or appraised value, with a maximum loan term of 30 years [1] Summary by Sections Policy Implementation - Starting from August 21, Guangzhou has launched a policy to convert commercial housing loans to housing provident fund loans, aimed at alleviating the financial burden on homebuyers [1] - The policy includes a dynamic adjustment mechanism with thresholds of 75%, 85%, and 90% for individual loan rates to manage risks while ensuring the sustainability of the policy [1] Financial Impact - The policy provides a pathway for families with commercial loans to reduce their interest rates significantly, for example, a loan of 2 million yuan over 30 years can see a reduction in interest from 3.3% to 2.6%, saving approximately 752 yuan per month and over 260,000 yuan in total interest [2] - The "one-stop service" for applying for the conversion simplifies the process, allowing applicants to complete their applications at the bank managing their original commercial loan [2] Benefits to Homebuyers - The introduction of the "Commercial Loan to Housing Provident Fund Loan" policy expands the benefits of the housing provident fund, supporting families with rigid housing needs and effectively reducing their loan interest expenses [2] - This initiative is expected to increase disposable income for homebuyers and further stimulate social consumption [2]