Loan discount refers to a small secured loan that is fully discounted by the municipal finance for low-profit projects. The borrower does not pay interest during the loan period, and the longest discount is no more than two years, and it will not be posted during the extension.

Housing discount

The full name of discount is "policy discount business of individual housing loan". If you are the depositor of Beijing Housing Provident Fund Management Center system and meet the conditions of provident fund loan, you can apply for discount. The discount loan amount is determined according to the monthly deposit amount of your provident fund. The commercial bank gives you a loan, and the discount amount is the interest difference between the provident fund loan interest rate and the commercial bank loan interest rate based on the loan amount you can enjoy the discount. This part of the difference will be paid to you by Beijing Housing Provident Fund Management Center. Discount business is a powerful supplement to provident fund loans, so not all projects can apply for discount. Please consult the developer if you can apply for specific housing projects.

There are many advantages for borrowers to choose discount. First of all, all the loan procedures are handled by lawyers, which can avoid you running around the provident fund management center, evaluation firm, guarantee center and loan bank. Secondly, the discount business does not need to evaluate collateral, saving you money; 3. The discount interest business is guaranteed by Beijing Housing Loan Guarantee Center, and the guarantee center has purchased property loss insurance and personal accident insurance for the borrowers of the discount interest business, so as to fully protect your interests; 4. The essence of the discount interest business is a kind of commercial loan. The lending speed is as fast as that of commercial loans, and you can also enjoy the exclusive discount of the discount interest business when paying the house price.