What's the discount for business loans? Discounting commercial loans refers to giving certain preferential interest rates when applying for commercial loans. Generally speaking, banks implement preferential housing loan policies. Lenders who meet the bank's requirements will be given certain preferential interest rates in applying for loans, and lenders need to repay relatively little interest. Generally, when the real estate market is depressed, banks implement preferential policies to regulate and stimulate consumers' housing demand. At present, commercial loan discounts are based on the benchmark interest rate, with a minimum discount of 30%, which was implemented in 2008.
How much is the housing provident fund cheaper than commercial loans? Housing provident fund is cheaper than commercial loans 1.7%. Those who have paid the provident fund, it is best to use the provident fund loan. After all, the interest rate of provident fund loans is very low, the basic interest rate is about 2.75%, the mortgage interest rate is about 3.8%, and the commercial loan interest rate is relatively high, probably around 5.8% to 6.2%. The amount of provident fund loans is generally limited, so the insufficient part can be supplemented by commercial loans.
The above is the answer to the question about when the 30% interest rate on mortgage is. In 2008, the policy of 30% off mortgage has been implemented, which was also to cope with the economic crisis and solve the financial pressure of people who just needed housing.