In the process of buying a house, people often encounter several common loan methods: provident fund loans, commercial loans and portfolio loans. What's the difference between the three? In fact, their differences are reflected in various aspects, such as loan interest rates, quotas and so on. In the process of buying a house, people often encounter several common loan methods: provident fund loans, commercial loans and portfolio loans. What's the difference between the three? In fact, their differences are reflected in various aspects, such as loan interest rates, quotas and so on.

First, the loan interest rate is different.

1, provident fund loan interest rate: 3.25%, with low interest rate;

2. Commercial loan interest rate: 4.9%, with high interest rate.

3. Portfolio loan: provident fund: 3.25%; Business: 4.9%, average interest rate.

Generally speaking, housing provident fund loans are preferred, and their interest rates are relatively low. For example, a house with a price of about 800,000 yuan has a down payment of 200,000 yuan and a loan of 600,000 yuan. If it is 30 years of equal principal and interest repayment.

Provident fund loan: the monthly repayment is 26 1 1 yuan, the interest is about 340,000, and the total repayment is about 940,000.

Commercial loan: the monthly repayment is 3 184 yuan, the interest is about 540,000 yuan, and the total repayment is about1140,000 yuan.

From this perspective, under the same conditions, commercial loans are worth 200,000 yuan more than provident fund loans. It can be said that compared with commercial loans, the monthly payment, loan interest rate and total interest expenditure of provident fund loans are lower, which can save the cost of buying houses.

Second, the loan amount is different.

1, provident fund loan: the loan amount is low;

2. Commercial loans: the loan amount is relatively high;

3. Portfolio loan: The loan amount is relatively high.

Third, the loan conditions are different.

1. Commercial loan terms: relaxed.

The requirements of commercial loans are not so strict, as long as the personal credit is good, there is no bad credit record, and there is repayment ability. Commercial loans can be used for ordinary houses, villas and office buildings.

2. Provident fund loan conditions: strict.

The use of provident fund loans also requires good personal credit. In addition, there is a requirement that the individual's provident fund account must be paid in full within the first six months from the date of loan. Provident fund loans are only for families who buy ordinary houses, villas and other non-ordinary houses and other non-housing families, and cannot be used.

3. Portfolio loan conditions: strict

Portfolio loans must meet the requirements of both provident fund loans and commercial loans. In addition, individuals have outstanding provident fund loans and can no longer use provident fund loans and portfolio loans; Moreover, there are outstanding commercial loans. In addition to restricting purchases and loans, you can also use commercial loans to buy a house.

Another problem is that when buying a house in many cities, loans from different places are restricted, and natural portfolio loans are not acceptable; On the other hand, commercial loans can be exempted from local restrictions.

Fourth, the loan process time is different.

1. Commercial loan: faster. The process of commercial loan is relatively simple. After banks apply for commercial loans, they can issue loans soon.

2. Provident fund loan: medium. The process of provident fund loan is complicated, so it is necessary to apply to the housing provident fund management center first, and then apply for a loan after the center reviews it. It takes a long time from application to loan issuance.

3. Portfolio loan: slower. In portfolio loans, commercial loans are applied to loan banks, and provident fund loans are applied to provident fund centers. Lending is slower than provident fund loans and commercial loans.