Legal subjectivity:

There are many types of loans to buy a house, including provident fund loans and commercial loans. For the first house, the provident fund loan is 20% and the commercial loan is 30% based on the total house price; for the second house, it is mostly 40%. Extraordinary housing is different again. Before taking out a loan, you must first know how much money you have in your provident fund account and how much your employer will give you every month. You can only get a loan if you know your situation. The provident fund is a welfare for employees, and the loan interest is much lower than that of commercial loans. Commercial loans can generally be combined with provident funds to form a portfolio loan. If you want to borrow a lot of money, but your provident fund balance is not large, you can combine loans. For a family's first home, the down payment ratio is 30%, and the provident fund loan benchmark rate is 4.5% or the national benchmark interest rate is 6.55% (commercial loan); if the house purchased this time is a second home, the down payment ratio is determined after determining your provident fund. Choose a house. Determine the total price of the house and the down payment. The total price minus the down payment is the loan amount. Loans are not available for down payments, so you must have some cash on hand. The general down payment is 30%. If the money on hand is more than 30% of the down payment, then you can also give cash. The reason for this is to reduce the amount of your loan, because the loan requires interest, so in terms of the total amount, the more cash you give, The smaller the loan, the more cost-effective it is. Of course, this depends on your own circumstances. Youfang.com provides comprehensive and timely real estate news and information with legal and objective content:

Article 6 of the "Housing Provident Fund Management Regulations" The deposit and loan interest rates of the housing provident fund are proposed by the People's Bank of China, after consultation with the construction administrative department of the State Council After receiving the opinions, it shall be submitted to the State Council for approval. Article 7 The construction administrative department of the State Council shall, together with the financial department of the State Council and the People's Bank of China, formulate housing provident fund policies and supervise their implementation. The construction administrative departments of the people's governments of provinces and autonomous regions, together with the financial departments at the same level and branches of the People's Bank of China, are responsible for the supervision of the implementation of housing provident fund management regulations and policies within their respective administrative regions.