1. Loan interest rates are different
The base interest rate for commercial loans is 4.9%, and the base interest rate for provident fund loans over 5 years is 3.25%. 2. The loan ratios are different
>In the same house, if a commercial loan can initially loan 70%, a pure provident fund loan can loan up to 80%.
3. The loan process is different
Commercial loans are available in The loan must be reviewed before the transaction. The provident fund loan will be reviewed after the transaction.
4. The review time is different
It takes about 20 working days for commercial loans, about 40 working days for provident fund loans, and about 40 working days for commercial loans. Loans are faster than provident fund loans.
5. Loan sources are different
The source of commercial loans is mainly social public funds raised by commercial banks and other lending institutions. Provident fund housing loans are provided by provident funds. The funds paid by the arrestee.
6. Different users
Commercial housing loans are open to all qualified societies, while provident fund loans are only open to provident fund payers.
< p>7. Different uses of interestCommercial housing loan interest rates are the interests of commercial activities and belong to relevant investors. Provident fund interest rates have policy-specified purposes and can only be used for affordable housing construction.