Personal housing provident fund loan belongs to policy personal housing loan and has certain policy subsidy nature. As long as the individual's unit has established a housing provident fund and paid the provident fund on time, it has the right to apply for a loan. Its biggest advantage is that the interest rate is low, 1 to 5 years, and the annual interest rate is only 4. 14%. From 6 to 30 years, the annual interest rate is only 4.59%, which is not only lower than the current personal housing mortgage interest rate of banks (generally compared with banks). In other words, there is a spread between the interest rate of provident fund loans and the interest rate of bank deposits. Take the five-year savings deposit and provident fund loan as an example to compare:100000 yuan for five years, and after five years, customers can get interest 14400 yuan; If you apply for a provident fund loan of100000 yuan, after five years, the customer will have to pay interest of 10880 yuan, and the deposit-loan spread will be 3520 yuan. Moreover, the larger the loan amount, the longer the term, and the more impressive the spread.
pay by Installments
One-time payment is the most common payment method in the past. At present, it is generally used for the sale of low-priced and small-sized buildings. Benefits: Generally, a one-time payment can get a discount of about 5% of the house price from the seller. If it is an existing house, you can quickly obtain the property rights of the house. If it is an auction house, this payment method has the lowest price. Disadvantages: One-time payment needs to raise a lot of money, and the interest on this money is lost, which is very stressful for buyers with limited economic ability. If it is a one-time payment by auction, the developer may not pay the house on time, resulting in the loss of interest or even all the house payment, and the risk of buying a house is high.
Second, installment payment is divided into interest-free installment payment and low-interest installment payment, which is an attractive payment method at present. In favor: to ease the economic pressure of one-time payment, you can also use the house payment to urge developers to fulfill their commitments in the contract. Disadvantages: With the extension of the payment period, the interest rate will be higher, and the amount of house payment will be higher than that of one-time payment.
Third, mortgage payment, that is, mortgage loan for house purchase, is a payment method in which the buyer takes the property right of the house purchased as collateral, and the bank pays the house price to the developer first, and then the buyer pays the principal and interest to the bank in installments on a monthly basis. Because it can quickly transform potential market demand into effective demand, it has become the most effective means to promote the real estate market to be active. In favor: We can raise the necessary funds to realize our desire to buy a house and spend tomorrow's money to realize today's dream. Disadvantages: At present, the procedures are complicated and there are many restrictions.