The difference between provident fund loans and mortgage loans;
1。 The biggest difference between provident fund loans and mortgage loans lies in the different interest rates. The interest rate of provident fund loan is the lowest among the current housing loan interest rates. Using provident fund loans to buy a house can help buyers reduce the cost of buying a house.
2. Providing provident fund loans can only be applied by people who usually collect provident funds. People who have no provident fund or abnormal remittance cannot apply for provident fund loans.
3. There is a ceiling on the amount of central provident fund loans, and the quota standards in different parts of the country are also different.
4, provident fund loans should generally be determined before the loan related mortgage guarantee. Provident fund loans are principal loans. Banks are generally only entrusted to this institution. The loan funds and interest income are not owned by the bank. Mortgage loan is a loan issued by the bank itself.
5 provident fund loans should generally be insured according to the corresponding mortgage housing insurance, and should go through the corresponding notarization procedures. Mortgage housing loans are exempted from relevant procedures.
6. Provident fund loan scheme is more complicated than mortgage loan. Housing provident fund loan refers to the housing provident fund paid by the local housing provident fund management center, which is used to pay the housing provident fund paid by employees, and entrusts commercial banks to pay the housing provident fund to employees and retirees who pay the housing provident fund during their employment.
Mortgage loan refers to mortgage loan business. For example, housing mortgage loan is a personal housing loan business, and buyers provide staged guarantees for real estate companies with purchased houses as collateral. The so-called mortgage refers to the mortgage of the mortgagor's transfer of property rights, and the beneficiary is the guarantor of repayment. After the mortgagor repays the loan, the beneficiary immediately transfers the property right of the mortgaged property to the mortgagor. In this process, the mortgagor has the right to use it.
What's the difference between mortgage loan and provident fund loan? What's the loan interest rate?
Simply speaking, mortgage is mortgage installment, provident fund loan is a kind of mortgage loan, and the other is commercial loan. Both of them are mortgages, and the interest rates are basically around 4.4.
What's the difference between provident fund and mortgage loan? Be sure to understand before buying a house.
This paper explains the difference between provident fund loans and mortgage loans in detail, and sorts out what are one-time loans, commercial loans, provident fund loans, mortgage loans and portfolio loans, hoping to help you choose the payment method when buying a house.
When we pay for buying a house, there are mainly one-time payment, mortgage loan, housing commercial loan, provident fund loan and portfolio loan. At this time, first-time buyers will be at a loss and don't know which way is better and more suitable for them. Provident fund loans and mortgage loans are now more common ways to buy a house with loans. What is the difference between provident fund loans and mortgage loans to buy a house?
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. The state stipulates that all employees who have paid the provident fund can apply for provident fund loans in accordance with the relevant provisions of provident fund loans.
Mortgage loan refers to the personal housing loan business in which the purchaser takes the purchased house as collateral and the real estate enterprise that purchased the house provides periodic guarantee.
What is the difference between provident fund loans and mortgage loans to buy a house?
1, the biggest difference between provident fund loans and mortgage loans is the difference in interest rates. The interest rate of provident fund loans is lower in the current housing loan interest rate. Using provident fund loans to buy a house can help buyers reduce the cost of buying a house.
2. Provident fund loans can only be applied by people who normally pay the provident fund, and people who have no provident fund or pay abnormally cannot apply for provident fund loans.
3. Provident fund loans have a high limit, and the limit standards in different parts of the country are also different.
4, provident fund loans should usually be determined after the relevant mortgage guarantee, before lending.
5. Provident fund loans are entrusted loans, and banks are generally only entrusted agencies. Borrowing funds and interest income do not belong to banks. Mortgage loan is a loan issued by the bank itself.
6. Provident fund loans should usually be insured in home insurance with corresponding mortgage and notarized accordingly. Mortgage housing loans can be exempted from relevant procedures.
7. Compared with mortgage loans, the procedures of provident fund loans are more complicated.
What are mortgage loans, commercial loans, provident funds and portfolio loans?
lump-sum payment
One-time payment means that the buyer pays the loan to the developer in one lump sum. General developers will give buyers with one-time payment certain price concessions.
loan on mortgage/security
The popular meaning of "mortgage" refers to the mortgage loan with pre-purchased commercial housing. It means that the mortgagor transfers the pre-purchased property rights to the mortgage beneficiary (bank) as repayment guarantee, and the mortgage beneficiary transfers the property rights to the mortgagor after repayment. Specifically, mortgage loan refers to the loan that the buyer obtains from the bank with the pre-purchased building as collateral, and the buyer pays the bank in installments according to the repayment method and time limit stipulated in the mortgage contract; Banks charge interest at a certain rate. If the lender defaults, the bank has the right to take away the house.
Housing commercial loan
Personal housing commercial loans are self-operated loans issued by banks with their credit funds. Specifically, it refers to the commercial housing loan that a natural person with full capacity for civil conduct applies to the bank for repayment of the loan with the purchased property housing (or other guarantee methods recognized by the bank) as collateral when purchasing the self-occupied housing in the cities and towns of this city. Mortgage loan is a kind of commercial loan. Personal housing commercial loan is a kind of loan that China citizens apply to the bank to buy commercial housing. According to the relevant regulations of the bank, anyone who meets one of the following two conditions can apply for loan varieties: first, residents who participate in housing savings; Second, there is an agreement between the house seller and the loan bank, and the real estate guarantee enterprise will provide guarantee to the bank for the residents' house purchase loan.
Provident fund loan
Workers with permanent residence in local towns, who have established the housing provident fund system for more than 2 years and paid the housing provident fund in accordance with the regulations can enjoy the provident fund loan when they are short of funds when buying and building houses or renovating and overhauling their own houses. The loan conditions are as follows: the total amount of provident fund paid by the borrower and his family members reaches at least 30% of the newly purchased (overhauled) housing expenditure; The lender has a stable economic income and the ability to repay the principal and interest; The borrower agrees to apply for housing mortgage registration insurance; Provide the local housing fund management and guarantee methods agreed by the sub-branch; At the same time, submit relevant documents required by the bank, such as house purchase contract or house pre-sale contract, house property certificate, land use certificate, deposit certificate of provident fund, etc.
Consortium lending
Personal housing portfolio loan refers to the borrower who meets the conditions of bank personal housing commercial loan and pays housing provident fund at the same time. While applying for a personal housing commercial loan, he can also apply for a personal housing provident fund loan from the bank. That is to say, the borrower takes the purchased urban self-occupied housing in this city as collateral, and the bank also issues personal housing loans to the same borrower to purchase the same set of self-occupied ordinary commodity housing, which is the general name of policy and commercial loan portfolio.
This paper explains the difference between provident fund loans and mortgage loans in detail, and sorts out what are one-time loans, commercial loans, provident fund loans, mortgage loans and portfolio loans, hoping to help you choose the payment method when buying a house.
What is a mortgage loan? What's the difference between mortgage and loan?
Mortgage loan refers to the behavior that after the buyer pays the down payment, the loan bank pays the remaining house payment and mortgages the purchased house to the loan bank as a guarantee for repayment of the loan. After the borrower has fulfilled the debt and paid off the principal and interest, the property ownership will be recovered again. Generally speaking, the transferor of property ownership is the mortgagor and the transferee is the beneficiary of the mortgage. It can be seen that in the process of mortgage loan, the beneficiary of mortgage becomes the property owner after the transfer, and the basic feature of mortgage is the transfer of ownership. Real estate mortgage loan refers to the act that the mortgagor provides the mortgagee with debt performance guarantee in the form of legal real estate without transferring possession. That is, on the premise that the mortgage does not transfer ownership, the mortgagee sets the mortgage as a restrictive property right on the mortgaged real estate. In this behavior, the debtor is the mortgagor and the creditor is the mortgagee. Once the debtor performs the debt and pays off the principal and interest, the owner obtains the complete property right. The main difference between the above two is whether there is ownership transfer in the process of lending, which also determines that their legal relationship and operation have different characteristics. The legal difference between the two is that mortgage will transfer ownership, but mortgage will not change all relations, so the legal status and rights of both parties are different. In the mortgage, the beneficiary of the mortgage becomes the owner through ownership transfer and enjoys the ownership of the collateral, while the mortgagor only enjoys other real rights for the collateral; There is no transfer of ownership in the process of mortgage, and the mortgagor still retains the ownership of the collateral, while the mortgagee and the non-owner only enjoy the mortgage, that is, the right to control the collateral. The difference between the two in operation and purpose. The basic purpose of mortgage guarantee in lending is to ensure the performance of debts. Once the debtor fails to perform the debt, the creditor's realization can be guaranteed by the proceeds from the sale of the collateral. At this point, mortgage loans and mortgage loans are basically the same. For the purpose of borrowing, mortgage loan and mortgage loan are not exactly the same. Real estate mortgage usually refers to housing mortgage, and the scope of real estate mortgage is much wider. The goal of the mortgagor is often the same as that of the mortgaged property. The purpose of borrowing money is to buy a house and obtain the property right of the house. The mortgagor mortgages real estate with mortgaged property rights, and its purpose is not to mortgage, but to borrow money for other purposes. This difference is reflected in the degree of operation, which shows the operational differences between the two loan methods. Real estate mortgage should be handled with land use right certificate and house ownership certificate. The basic procedure is to handle other warrants on the premise that the mortgagor obtains the property right certificate first, and hold other warrants with the property right certificate as collateral. The mortgagor mortgages without obtaining the property right certificate. Generally, other property certificates are used as collateral first. After paying off the purchase price, the real estate development unit will transfer the property right to the mortgage beneficiary, and all property certificates will be held by the mortgagor. In addition, mortgage and mortgage involve different parties. Mortgage generally involves two parties: the mortgagor and the mortgagee. Generally, there is no need for a guarantor, which is simply "borrowing things and returning them". Mortgage loan is issued when the mortgagor and the mortgage beneficiary have not obtained the ownership of the house. In order to operate in the state of separation of money, property and rights, the original homeowner or owner needs to be the middleman.
This is the amount of mortgage and provident fund loans and mortgage provident fund loans launched at the end of the year. I wonder if you have found the information you need?