Loan percentage
For the first purchase of ordinary self-occupied housing, the minimum down payment for commercial loans can reach 20%; In terms of provident fund, the minimum down payment for purchasing commercial housing (first-hand housing) can reach 20%, and the minimum down payment for purchasing stock housing (second-hand housing) can reach 30%. Although the second-hand housing for commercial loans can be as low as 20% down payment, commercial banks still have some other policies to limit the minimum ratio, such as the age of second-hand housing. Comparatively speaking, there is little difference in the loan ratio between using provident fund loans and commercial loans to buy ordinary self-occupied housing.
loan rate
At present, the interest rate of provident fund loans over five years is 3.87% (year), and the interest rate of commercial loans over five years is 4. 158% after the lower limit is expanded to 0.7 times, with a difference of 0.288 percentage points. We take 400,000 commercial loans and provident fund loans with a term of 20 years, and choose the repayment method of equal principal and interest as a comparison, as shown in the following table (see the attached table for details).
It can be seen that provident fund loans can save 6.5438+0.46 million yuan of interest than commercial loans, which is shared equally every month, that is, the interest of 96 yuan money is less.
Loan amount and term
Generally speaking, when ordinary property buyers apply for commercial loans, the upper limit of the housing loan amount of commercial banks is sufficient except that their own income will affect the loan amount. However, the characteristics of people and regions who pay the provident fund limit the loan amount of individuals and families. For example, the maximum amount of personal loans in the four districts of Dalian is 250,000 yuan, and the maximum amount of family loans is 450,000 yuan.
In addition, the longest loan period of provident fund and commercial loans can reach 30 years, which is basically consistent with the policy point of loan period.
Repayment method
Repayment method Commercial banks can be described as a hundred flowers blossom, and there are many ways to choose from, while the repayment method of provident fund loans is relatively simple.
To sum up, provident fund loans and commercial loans have their own advantages and disadvantages. When buyers decide which way to buy a house by loan, they should fully consider the characteristics of the two ways and choose the loan method according to their actual situation. For example, if the loan amount is relatively large and the down payment cannot be made in a short time, buyers can choose commercial loans; Or if the purchaser fails to pay the provident fund, commercial loans are also the best choice; However, if property buyers are sensitive to interest rates and want to save interest as much as possible, then provident fund loans should be the first choice.