How to handle the business and loan consultation of transferring 1? Re-loan applicants can negotiate with the original commercial loan bank, and if they meet the conditions of re-loan, they can fill in the personal housing provident fund re-loan folder to apply.
2. Submission of materials. Submit the relevant information stipulated by the lending institution.
3. Loan acceptance. The entrusted bank shall examine whether the borrower meets the requirements and negotiate with the borrower to determine the loan amount, term, interest rate and repayment method.
4. Sign the contract. The loan applicant signed a loan (mortgage) contract with the original commercial loan bank, and signed a guarantee contract with the designated guarantee company under the guidance of the bank.
5. Pre-deposited funds. The loan applicant will deposit the difference between the original commercial loan balance and the refinancing into the deposit account opened by the refinancing bank with its own funds, and settle the original commercial loan in advance.
6. Loan issuance. The commercial loan bank issues loan funds, and then informs the sub-lender to use the provident fund loan funds and the borrower's pre-deposited funds to settle the original commercial loan.
7. Apply for a mortgage. The guarantee company will handle the cancellation procedures of the original commercial loan real estate mortgage on its behalf, and handle the registration procedures of the newly transferred provident fund loan mortgage.
What's the difference between provident fund loans and commercial loans? 1, the loan interest rate is different.
The benchmark interest rate for commercial loans is 4.9%, and the benchmark interest rate for provident fund loans for more than five years is 3.25%.
2. The loan ratio is different.
For the same house, if the first commercial loan can be 70%, then the first pure provident fund loan can be up to 80%.
3. The loan process is different.
Commercial loans should be reviewed before transfer, and provident fund loans should be reviewed after transfer.
4. The approval time is different.
Commercial loans take about 20 working days, and provident fund loans take about 40 working days. Commercial loans are faster than provident fund loans.
5. The sources of loans are different.
Commercial loans mainly come from public funds raised by commercial banks and other lending institutions, while provident fund housing loans are funds paid by provident fund collectors.
6. Users are different.
Commercial mortgage loans are open to all eligible public, while provident fund loans are only open to provident fund payers.
7. Interest has different uses.
The interest of commercial mortgage is the profit of commercial behavior and belongs to relevant investors, while the interest of provident fund is used according to the policy and can only be used for the construction of affordable housing.