2. Medium and long-term loans: the loan interest rate for one to five years (including five years) is 4.75%, and the loan interest rate for more than five years is 4.9%;
3. Personal housing provident fund loan: the annual interest rate is 2.75% for less than five years (including five years) and 3.25% for more than five years;
4. Discount: determined by adding the discount rate as the lower limit;
5. Default interest rate: 30% to 50% will be charged according to the loan contract interest rate;
6. Personal education loan: regardless of the duration, the benchmark interest rate for one-year short-term loans will be implemented.
The above is the relevant content of Shanghai commercial loan interest rate in 2022.
Can commercial loans be transferred to provident fund after buying a house?
Commercial loans can be converted into personal provident fund loans after buying a house. Users can apply for transferring commercial loans to provident fund loans when they meet the criteria for transferring commercial loans to provident fund loans. It should be noted that in some areas, commercial loans can only be converted into provident fund loans after they are paid off, which requires users to prepare repayment assets in advance. If there is not enough repayment funds, commercial loans cannot be converted into provident fund loans. However, local requirements allow commercial loans to be directly converted into provident fund loans without repayment, so users do not need to pay off commercial loans in advance. As long as the commercial loan is not overdue and the user meets the standard of provident fund loan, the business of converting commercial loan into provident fund loan can be directly handled. Because there is no loan limit for commercial loans, but there is a limit for provident fund loans, when commercial loans are converted into provident fund loans, you can only apply for provident fund loans within the standard limit. When the amount of provident fund loans is insufficient, users can apply for portfolio loans, which can solve the problem of insufficient provident fund loans. Commercial loans allow users to switch to portfolio loans, but users need to meet the standards of both commercial loans and provident fund loans.
Commercial loan application conditions
1, and the applicant should be between 18 and 65 years old;
2. The other half of the commercial loan is urban and rural residents, so the applicant has an urban resident account or a valid residence status;
3. The applicant should have a legal and stable job and income, and can provide proof of work and income to prove that the user has the ability to repay the loan principal and interest on time;
4. Need to provide a purchase contract, agreement or letter of intent;
5. Need to provide proof of down payment accounting for at least 30% of the house price. However, different banks may have certain differences in down payment regulations;
6. The applicant must have the property recognized by the lender as mortgage or pledge, or have the guarantee recognized by the lender;
7. Personal credit should be excellent, and bad credit records are not allowed on personal credit records;
8. In addition to the above criteria, the lending bank may also require other conditions, which actually depends on the bank that the user borrows.
This article is mainly about the knowledge of Shanghai commercial loan interest rate in 2022, and the content is for reference only.