1. Provident fund loan

Lending speed: 2-3 months

Loan amount: The requirements vary from place to place. Please consult the local housing provident fund management center for details. At present, the maximum personal loan in Beijing is 6.5438+0.2 million yuan. For families who pay housing provident fund in Shanghai, the maximum personal loan for the first suite is 500,000 yuan, the maximum personal loan for Guangzhou provident fund is 600,000 yuan, and the maximum personal loan for Shenzhen provident fund is 500,000 yuan.

Loan interest rate: 2.75% for less than 5 years and 3.25% for more than 5 years.

Loan Term: The longest loan term of the borrower can be calculated to be 70 years old, and the longest loan term is not more than 30 years.

Down payment: 20% down payment for the first suite below 90 square meters.

Loan Requirements: Taking Beijing as an Example

(a) the purchase of policy housing loans:

1. Establish a housing provident fund account.

2. Six months before applying for a loan, the housing provident fund shall be paid in full and continuously.

3. When you apply for a loan, you are in a deposit state.

(two) the purchase of non policy housing:

1. The housing provident fund shall be paid in full and continuously 6 months before applying for a loan.

2. When you apply for a loan, you are in a deposit state.

The application conditions for provident fund loans vary from place to place. Please consult your local provident fund management center for details.

2. Commercial loans

Lending speed: when handling commercial mortgage loans, it takes almost two weeks from giving the property certificate to the bank for mortgage to lending, and the progress of different banks may be different.

Loan amount: loanable amount = repayment ability of family monthly income after deducting living expenses and other expenses/repayment amount per 10,000 yuan for the corresponding loan period.

For example, the monthly income is 654.38 million yuan, the monthly living expenses are 3,000 yuan, and the loan is 20 years. According to the benchmark interest rate of 4.90%, use the 360 mortgage calculator to calculate.

The monthly repayment amount of the loan 1 000 yuan is 53.07.

Loan amount = (10000-3000)/53.07 =13/kloc-0.9 million yuan.

Loan interest rate: the current benchmark interest rate is 4.9%.

Loan Term: The longest loan term of the borrower can be calculated until the borrower is 65 years old, and the longest loan term is not more than 30 years.

Down payment: 30% of the total house price.

Loan requirements: the down payment in a specified proportion (generally greater than or equal to 30% of the total house price) has been paid.

3. Portfolio loan

Lending speed: 2-3 months or longer.

Loan amount: For example, if the total house price is 6,543,800+0,000, and a loan of 700,000 is needed, but the maximum amount of the provident fund is only 500,000, then the remaining 200,000 can choose a commercial loan, and the total loan amount of the combined loan does not exceed 700,000.

Loan interest rate: the commercial individual housing loan part of the loan is subject to the individual housing loan interest rate, and the provident fund loan part is subject to the individual housing provident fund loan interest rate.

Loan term: commercial individual housing loans are implemented according to the commercial loan term, and provident fund loans are implemented according to the individual housing provident fund loan term.

Down payment: 30% of the down payment for commercial loans.

Loan requirements: it meets the application requirements of both provident fund loans and commercial loans, and is generally only used when personal loans exceed the local maximum amount of provident fund loans.

Second, comparative calculation.

Let me give you an example. For a house with a total price of 6,543,800 yuan, the down payment is 300,000 yuan, the loan is 700,000 yuan, and the loan period is 30 years. Use matching principal and interest repayment method, and use commercial loans and provident fund loans respectively. Using the mortgage calculator, the calculation results are as follows:

It is not difficult to see that the monthly payment of provident fund loans is 668.65 yuan less than that of commercial loans, and the total interest is 2407 1 1.42 yuan, almost 240,000 yuan! 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. Despite this, there are corresponding restrictions on the amount of provident fund loans in various places. If the loan amount of the provident fund loan is 500,000, then the remaining 200,000 can choose commercial loans, and the combination of the two is called portfolio loans.

Third, what should the buyer do?

Before the loan

Before buying a house loan, buyers need to evaluate their assets, mainly including three aspects.

1. Make a comprehensive evaluation of the existing economic strength of the family, including deposits and realizable assets.

2. Make reasonable expectations for the family's future income and expenditure.

3. Pay attention to your repayment ability and loanable amount, which is an important basis for determining loanable amount.

Three principles should be followed in choosing loan methods.

First, if property buyers want to get lower loan interest rates and pay lower interest rates, they should try to choose provident fund loans with low interest rates;

Second, the principle of optimal combination of portfolio loans. If property buyers choose portfolio loans, they should make more provident fund loans and less commercial loans. Because the interest rate of provident fund loans is far more favorable than that of commercial loans, it can save more interest;

Third, the down payment principle is loose. The down payment can't use up the cash on hand, so as not to affect the payment of the house payment because the loan can't be approved, but it also needs to be combined with the individual's affordability.

Summary:

Choose provident fund loans, the monthly repayment pressure is relatively small, and the interest payment is also less. If buyers want to get a lower loan interest rate and the loan amount is not large, then provident fund loans should be the first choice, but the loan time is longer, so people who are anxious to buy a house had better consider this. At the same time, some developers in the housing market refuse to buy houses with provident fund loans, so those who consider purchasing houses with provident fund loans must pay attention.

Although the interest rate of commercial loans is high, the repayment is fast and the procedures are simple. If the purchaser fails to pay the provident fund or fails to pay it for a long time, he can choose a commercial loan. Just because of the different preferential policies of banks, the down payment and interest rate of commercial mortgages of various banks have also risen and fallen to varying degrees. When you apply for a commercial mortgage loan, you should also shop around and choose the best one.

For portfolio loans, if the loan amount of buyers is large and the expected loan amount has exceeded the loanable amount of provident fund loans, portfolio loans can be selected. However, due to the constraints of both provident fund loans and commercial loans, it will be more complicated to handle and the lending speed will naturally be slower. In short, buyers must pay attention to weigh the pros and cons and choose the loan method that suits them.