The housing provident fund loan interest rate shall be implemented according to the interest rate standard published by the People's Bank of China. In case of interest rate adjustment, if the contract term is 1 year, the contract interest rate will be implemented; if the contract term exceeds 1 year, the new interest rate standard will be implemented according to the corresponding interest rate grade from the next year of interest rate adjustment. Generally speaking, the benchmark interest rate is implemented for the first suite of housing provident fund loans in various places, and the loan interest rate is 1. 1 times of the benchmark interest rate for housing provident fund loans for the second house.
At present, there are mainly the following types of housing provident fund loans: individual housing commercial loans and individual housing portfolio loans.
Housing provident fund loans refer to housing mortgage loans issued by local housing provident fund management centers to on-the-job employees who paid housing provident fund and retired employees who paid housing provident fund during their employment. For residents who have participated in the housing provident fund deposit, loans to buy a house and low-interest loans for housing provident fund should be the first choice. Housing provident fund loans have the nature of policy subsidies, and the loan interest rate is very low, which is not only lower than the loan interest rate of commercial banks in the same period, but also lower than the deposit interest rate of commercial banks in the same period. In other words, there is a spread between the mortgage interest rate of the housing provident fund and the bank deposit interest rate. At the same time, when handling mortgage and insurance related procedures, the housing provident fund loan will be charged by half.
Personal housing commercial loan is a kind of loan that China citizens apply to the bank for the purchase of commercial housing, and it is a self-operated loan issued by the bank with its credit funds. Specifically, a natural person with full capacity for civil conduct applies to the bank for a commercial housing loan as a loan repayment guarantee when purchasing a self-occupied house in a town in this city, with the purchased property housing (or other guarantee methods recognized by the bank) as collateral. As long as the balance of deposit in the loan bank accounts for not less than 30% of the funds needed for house purchase, and it is used as the down payment for house purchase, and assets recognized by the loan bank are used as collateral or pledge, or units or individuals with sufficient compensatory capacity are used as guarantors to repay the principal and interest of the loan and bear joint liability, they can apply for using the bank mortgage loan.
Personal housing portfolio loan refers to the borrower who meets the conditions of personal housing commercial loan. When handling personal housing commercial loan, he can also apply for personal housing provident fund loan. The borrower can use the purchased urban self-occupied housing (or other guarantee methods recognized by the bank) as collateral, and apply for personal housing provident fund loan and personal housing commercial loan from the bank at the same time. With the deepening of the reform of the housing system, the awareness of personal housing loans of banks is also increasing. The combined personal housing guarantee loan, which consists of housing provident fund loan and commercial loan, has become the need to establish a good housing finance system and realize the development of housing finance in China with equal emphasis on policy and commerce. This business can be handled by the real estate credit department of a bank in a unified way. The combined loan interest rate is moderate and the loan amount is large, which is more for the lender to choose.