Legal analysis: 1. The loan objects of commercial loans are wider than those of provident fund loans. Provident fund loans are targeted at housing provident fund depositors and retired employees of the payment units. Commercial loans can be applied for regardless of whether a provident fund has been established or not.
2. The interest burden of provident fund loans is lower than that of commercial loans. Provident fund loans are policy loans with significantly lower interest burdens than commercial loans. The current interest rate difference between the two is one percentage point. However, this interest rate difference is not fixed. In 1997 and 1998, it reached 2 percentage points.
3. Provident fund loans have more evaluation fees than commercial loans. Commercial loans do not require appraisal, but if you use a provident fund loan to purchase commercial housing, you must currently conduct an appraisal and pay an appraisal fee.
4. Commercial loans have more legal fees than provident fund loans. Commercial loans entrust a law firm to conduct a credit investigation on the borrower, and the lawyer charges a legal fee of 4%. Provident fund loans do not require individuals to pay legal fees.
Legal basis: "Interim Measures for Personal Loans"
Article 4 Personal loans shall follow the principles of legal compliance, prudent operation, equality and voluntariness, fairness and integrity.
Article 6 Lenders should establish a personal loan risk limit management system based on region, variety, customer group and other dimensions.
Article 7 The purpose of personal loans should comply with laws, regulations and relevant national policies. Lenders are not allowed to issue personal loans without designated purposes.
Lenders should strengthen loan fund payment management to effectively prevent personal loan business risks.
Article 9 Lenders should establish a reasonable income-to-debt repayment ratio control mechanism for borrowers, reasonably determine the loan amount and term, and control The borrower's repayment amount in each installment shall not exceed its repayment ability.