1. At present, the benchmark interest rate of commercial loans is 4.9%, and the interest rate of commercial loans to buy a house will basically rise above 10%, which is slightly different among major banks.
2. If it is the first suite, the interest rate may be lower, most banks will go up by 15%, and the actual commercial loan interest rate is 5.64%;
2. If it is a second suite or above, the interest rate may be higher, some banks will rise by 20-40%, and the actual commercial loan interest rate is around 6.5%.
#20 19 commercial loan interest rate:
The benchmark interest rate for commercial loans is 4.9%, but it will generally rise by 10-30%.
# The difference between provident fund and commercial loan to buy a house:
First of all, different requirements
Generally speaking, the requirements of commercial loans are good personal credit, no bad credit record and repayment ability. The requirements for provident fund loans are relatively strict. In addition to good personal credit, it is also required that the personal provident fund account must be paid continuously, normally and in full within 6 months from the date of loan (slightly different from place to place).
Second, the difference in loan interest rates.
The interest rate of provident fund loans to buy a house is different from that of commercial loans, because provident fund loans are not profit-oriented policy loans, so their interest rates are relatively low. Commercial loans are different. Commercial bank loans are for profit, and the interest rate is relatively high.
Third, the loan amount is different.
Property buyers buy the same house with commercial loans or provident fund loans, and the first house with commercial loans can be loaned to 70%. The first set of pure provident fund loans can reach up to 80%, but different cities have different requirements. Before applying for a loan, you should consult the relevant departments.
Fourth, the loan process is different.
As we all know, when buying a house, we apply for provident fund loans and commercial loans, but the provident fund loans need to go through the preliminary examination and audit of the provident fund management center to determine the amount and whether they meet the loan conditions. Commercial loans are only audited by lending banks. The procedure of buying a house with provident fund loans will be more troublesome than buying a house with commercial loans, which is why many commercial houses do not accept provident fund loans to buy a house.
The above contents are for reference only, I hope I can help you. Thank you for your support to Kanfangwang. I wish you a happy purchase!