The interest rates of the first and second home loans are very different. Take the provident fund loan as an example: the interest rate of the first-home housing provident fund loan is 2.75% for less than five years (including five years) and 3.25% for more than five years. The loan interest rate of second-home housing provident fund is 3.025% for less than five years (including five years) and 3.575% for more than five years.

The difference between housing loan and housing loan.

1. down payment ratio: in some areas where the purchase and loan are restricted, the down payment ratio of commercial loans is 20% for the first suite and 30% for the second suite, but the specific down payment depends on the relevant regulations of the bank.

2. Loan interest rate: mortgage interest rates are rising everywhere, but the general loan interest rate of the first home loan is much lower than that of the second home loan. It is understood that the loan interest rate will rise by at least 10% on the basis of the first home loan. Secondly, the differences between different banks and cities are different.

3. Loan amount: The loan amount for applying for the first suite is definitely much higher than that for the second suite. For example, the first home borrower in Beijing can borrow up to 70%, and the second home borrower can only borrow up to 30%. Therefore, the specific loan amount is mainly subject to regional regulations.

4. Difficult loan: It will be more difficult to buy a second home loan, and the first one is relatively easy, especially when funds are tight, it may be more difficult to apply for a second home loan.

Housing loan conditions

Banks applying for individual housing loans must meet the following conditions:

1, with legal residence status; To apply for a policy-based personal housing loan, you should have a local permanent residence;

2. Have a stable occupation and income;

3, have the ability to repay the loan principal and interest on schedule;

4. There is an asset mortgage or pledge recognized by the loan bank, or (and) there is a guarantor who meets the prescribed conditions as its guarantee.

5, there is a contract or agreement to buy housing;

6. When applying for a loan, there is a deposit of not less than 30% of the funds required for the purchase of a house in the Construction Bank. If the applicant applies for a policy-based personal housing loan, he shall deposit the housing provident fund in the Construction Bank according to regulations;

7. Other conditions stipulated by the lending bank.