For individuals, provident fund loans are cost-effective. First of all, there is a big difference between the two. Commercial loans can buy commercial and residential buildings, while provident funds can only buy houses, decorate houses, rent houses and so on.

Their biggest difference is still three points.

1, line

In this case, the first house is basically 30% down payment and the second house is 60%. The third set stopped lending.

2. Loan interest rate

Now the benchmark interest rate for commercial loans is 6.55, and the provident fund is 4.5.

3. Process

The process of commercial loan is: the two parties sign a sales contract-evaluation-face-to-face bank signing-loan approval-transfer-mortgage registration-lending.

Therefore, if you have a provident fund, I suggest you borrow it.