Is the interest rate of provident fund loans the same in different banks?
The interest rate of provident fund loans of different banks is the same, and the interest rate of provident fund loans is determined by the provident fund center. No matter which bank handles provident fund loans, the interest rate is uniform and uniform throughout the country. 20 15, 10 adjust and implement the current provident fund loan interest rate. The interest rate of provident fund loans for more than five years is 3.25%, the monthly interest rate is 3.25%/ 12, and the interest rate of provident fund loans for five years and less is 2.75% per annum. This standard will be maintained until it is readjusted, and the interest rate is very low compared with ordinary commercial loans or other credit products.
What are the benefits of buying a house with provident fund?
1, the interest rate of provident fund loans is favorable.
Compared with commercial loans, provident fund loans can save tens of thousands of yuan in interest with the same loan amount and repayment period. Moreover, compared with commercial loans, provident fund loans not only have short repayment time, but also have much less repayment interest. For example, if a loan of RMB 280,000 is repaid in the amount of 172 1 yuan/month, the commercial loan will be repaid for 300 months, totaling RMB 5 16300 with interest of RMB 236,300. The provident fund loan is repaid to 25 1 month, that is, 2 1 year, and all the principal and interest have been paid off, with a total repayment of 4,30715 yuan, and the interest paid is only 1507 15 yuan, which is 85,585 yuan less than that of commercial loans.
2. The repayment method and prepayment of provident fund loans are flexible and convenient.
If you buy a house with a provident fund loan, the repayment method of the bank will be more convenient and flexible than buying a house with a commercial loan. The borrower can determine the monthly repayment amount by himself, provided that the monthly repayment amount is not lower than the minimum repayment amount required by the bank. In this way, the borrower can make a reasonable and feasible repayment plan according to his own economic strength, which is convenient for the borrower to arrange his monthly economic expenditure. For the prepayment of provident fund mortgage loan, the borrower can repay part or all of the loan principal and interest in advance without paying any liquidated damages.
3. Provident fund loans have fewer restrictions on purchased houses.
At present, major commercial banks have many restrictions on second-hand housing loans. It is difficult for banks to apply for housing loans for second-hand houses with excessive housing age, poor location and poor mobility. However, for the purchase of houses with provident fund loans, banks have relatively few restrictions on the age of second-hand houses. Second-hand housing age and housing loan life add up to less than 50 years, you can apply for provident fund mortgage loans.