What are the factors that affect the interest rate of provident fund loans? What if the amount of provident fund loan is not enough? Let me give you a detailed introduction of provident fund loans.
What are the factors that affect the interest rate of provident fund loans?
1. China people's bank loan benchmark interest rate.
The People's Bank of China will issue the loan guidance interest rate, and the provident fund loan interest rate will be adjusted according to the benchmark loan interest rate of the People's Bank of China. The loan interest rate varies from region to region.
2. Market fluctuation
In addition to the interest rate set by the central bank, it will also be affected by market factors.
3. Personal qualifications
Personal qualifications will also affect the interest rate of provident fund loans. If the borrower has good personal credit, the loan interest rate he can enjoy is relatively low.
What if the amount of provident fund loan is not enough?
1.
If the applicant is married, then both husband and wife can jointly apply for provident fund loans. If two people apply for provident fund, the loan amount will be higher.
2. Apply for a portfolio loan
Portfolio loan is a combination of provident fund loan and commercial loan. Property buyers who do not meet the conditions of local provident fund loans will not be able to apply for the amount of provident fund loans.
If you don't want to give up the discount of provident fund loans, you can apply for portfolio loans. Not all banks will accept portfolio loans. I suggest you communicate with local provident fund centers and banks before applying for portfolio loans.
3. Turn to commercial loans
Although the interest rate of commercial loans is higher than that of provident fund loans, commercial loans can really help buyers apply for loans.
Since the applicant cannot meet the conditions for applying for provident fund loans, it is better to give up provident fund loans and choose commercial loans to buy a house. In fact, commercial loans are not as complicated as provident fund loans.
What are the factors that affect the interest rate of provident fund loans? What if the amount of provident fund loan is not enough?
To sum up, I would like to introduce the situation of provident fund loans to you, hoping to provide some reference for applicants, and suggest that applicants choose the loan method that suits them according to their actual situation.