Compared with commercial loans, provident fund loans can save tens of thousands of yuan in interest with the same loan amount and repayment period. Moreover, the interest rate of provident fund loans is lower than that of commercial loans. Compared with commercial loans, not only the repayment time is short, but also the repayment interest is much less.
Matters needing attention in the use of housing provident fund
1, make a good capital plan and repay the loan.
Usually, it takes a long time to repay the loan. There must be a repayment plan in such a long repayment time. Before applying for a loan, you must consider your future repayment ability. During the repayment period, overdue repayment cannot occur. Once in loans overdue, it will have serious consequences.
2. After the loan is settled, go through the mortgage formalities.
Every housing provident fund loan is mortgaged to the bank with housing as collateral. After all the loans are settled, you must remember to go to the housing provident fund loan handling bank to cancel the mortgage in time, otherwise your house will still be mortgaged, and you only have the right to use the house, which will be affected when you apply for real estate title certificate or conduct real estate transactions.
Generally speaking, there are many welfare policies to use housing provident fund loans, the biggest advantage of which is to save money, which can be used as a reference for buyers with insufficient budget.