Legal analysis: the interest rate of commercial loan is 4.90%, the loan is 500,000 for 30 years, the interest of the repayment method of equal principal and interest is 455,308 308. 10/0 yuan, and the interest of average capital repayment method is 368,520.83 yuan. The interest rate of the provident fund loan is 3.25%, and the loan is 500,000 yuan for 30 years. The interest of matching principal and interest repayment method is 283,376,5438+0.37 yuan, and that of average capital repayment method is 244,427.08 yuan. Under the same loan term and amount (500,000 years), the interest of provident fund loans is lower than that of commercial loans124,093.75 yuan. The difference between provident fund and commercial loans: 1, and the loan amount accounts for 70% of the total housing price of different commercial banks; Depending on the nature and value of the house purchased, the housing provident fund loan can reach 80% of the total house price, but the provident fund loan has a maximum limit. 2. The loan execution interest rate is different. The interest rate of provident fund loans is lower than the mortgage interest rate of commercial banks, which is why the cost paid is lower. It is understood that the current annual interest rate of provident fund loans for less than five years (including five years) is 2.75%, commercial banks 1-3 years (including three years) is 4.35%, and 3-5 years (including five years) is 4.75%; The annual interest rate of housing provident fund loans for more than five years is 3.25%, while the interest rate of individual housing loans of commercial banks is as low as 4.90% in the same period. General commercial bank loans are guaranteed by the developer's staged joint liability before the mortgage registration of the real estate license, and by the mortgagor after the mortgage registration; The guarantee method of provident fund loan is mainly joint and several liability guarantee provided by housing loan guarantee. 4. Different provisions for single loan amount Generally speaking, there is no provision for high single loan amount in housing loans of commercial banks; Provident fund loans cannot exceed the maximum limit. Personal basic provident fund loan is 300,000 yuan for the first time. If there is a supplementary provident fund, the amount is 6,543,800 yuan, with a maximum of 400,000 yuan. Husband and wife families are as high as 600 thousand, and both of them have as high as 800 thousand supplementary provident fund. 5. The cost is different. Commercial bank housing loans generally require attorney fees and insurance premiums; Housing provident fund housing loans generally only need guarantee fees and real estate appraisal fees. Legal basis: Article 26 of the Regulations on the Management of Housing Provident Fund, employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.

Two, Weifang individual housing commercial loans to individual housing provident fund loans Interim Measures Supplementary Provisions

Supplementary Provisions on the Interim Measures of Weifang Municipality for Transferring Personal Housing Commercial Loans to Personal Housing Provident Fund Loans

The following are the supplementary provisions of the Interim Measures for the Transfer of Personal Housing Commercial Loans to Personal Housing Provident Fund Loans in Weifang:

Supplementary Notice on the Interim Measures of Weifang Municipality for Transferring Personal Housing Commercial Loans to Personal Housing Provident Fund Loans

All subjects, sub-centers and management departments of the Municipal Provident Fund Center:

The Interim Measures of Weifang Municipality for Converting Personal Housing Commercial Loans into Personal Housing Provident Fund Loans was officially implemented on 20 15, 10 and 15. In order to ensure the smooth implementation of relevant policies, the following supplementary explanations are given on relevant issues:

I. Conditions for applying for individual housing commercial loans to individual housing provident fund loans (hereinafter referred to as "corporate commercial loans")

Applicants must meet all the conditions and requirements for applying for individual housing provident fund loans in our city (hereinafter referred to as "provident fund loans") and meet the specific requirements for business transfer.

Two, on the original commercial loans (hereinafter referred to as the "original commercial loans") the borrower's spouse as a corporate borrower policy definition.

According to the relevant regulations of the housing registration agency, at present, for the pre-sold houses in our city, the pre-buyers are required to provide guarantees for their debts with the pre-sold houses, and cannot provide guarantees for the debts of third parties (except husband and wife), but this requirement is not required for existing houses, and they can also provide guarantees for the debts of third parties other than husband and wife.

(1) The house purchased by the original commercial loan is owned by the husband and wife (the buyer is the husband and wife in the auction house purchase contract, and the owner and * * * in some cases in the existing house property certificate are the husband and wife), and the borrower and spouse all meet all the conditions for the business to turn into public. When the applicant turns into public, the borrower can be the original commercial loan borrower or his spouse.

(2) The title certificate of the house purchased by the original commercial loan (the buyer in the auction house purchase contract and the owner in the existing house title certificate) only records the borrower's name, and the borrower who intends to use his spouse as the business transfer applicant does not meet the conditions of the provident fund loan, so the spouse should be changed to the property owner or the owner plus * * * before handling the business transfer, otherwise the mortgage formalities cannot be handled. Specific handling conditions and procedures shall be handled in accordance with the relevant provisions of the housing registration agency.

Third, the definition of commercial housing units

Housing units should strictly implement the relevant provisions of the state and the province and the current provident fund loan policy in our city, subject to the actual situation of the borrower when the applicant turns public:

(a) the borrower (married family) housing query results show that there are two sets of housing, one of which has not been paid off, and the applicant can enjoy the preferential policy of the first home provident fund loan when he turns to the public; Both houses have outstanding commercial loans, and if one of them is transferred to the public by the applicant, it shall be handled according to the provident fund loan policy of the second house.

(two) enterprises that own three sets (including the original commercial loan housing) and above shall not accept loans from the public.

Fourth, the loan amount of enterprises to the public.

According to the specific provisions of the current provident fund loan policy and the transfer business in our city, the amount of the transfer business is comprehensively determined. The maximum amount shall not be higher than the lower of the loanable amount of provident fund loans and the original balance of operating loans, and the specific amount shall be controlled within 1000 yuan.

Five, the loan period of business to the public.

In line with the provisions of the current provident fund loan period in our city, and shall not exceed the remaining years of the original commercial loans, the loan period shall be calculated on a full-year basis.

Value and evaluation of housing mortgage loan with intransitive verb

(a) choose to repay the loan first, the original commercial loan mortgage does not need to be evaluated.

(2) If the loan is repaid first, and the house owned by itself, * * * or owned by a third party is mortgaged, it needs to be appraised, and the mortgaged house is 100% of the appraised value. The transfer amount from commercial to public shall not exceed the corresponding proportion of the appraised value of the house: if the age of the house is within 10 year (inclusive), it shall not exceed 70% of the appraised value of the house; The house age 10 to 20 years (inclusive) shall not exceed 60% of the appraised value of the house; If the house is over 20 years old, it shall not exceed 50% of the appraised value of the house.

(three) the mortgage value of the auction house should be consistent with the mortgage value in the original commercial loan contract.

Seven. Select the branch (office) of the provident fund center for the applicant to transfer to public service.

In principle, employees who have paid the provident fund in our city can handle the business transfer business in each branch (office). However, for the convenience of borrowers, entrusted banks and development enterprises, it is recommended that borrowers handle it in the business hall of the branch (office) of the provident fund center where the mortgaged house is located.

Eight, the normal provident fund loans, the borrower should be in the commercial housing sales contract signed (existing homes, second-hand housing should be completed "all of the housing" or transfer procedures) within 6 months after the application for provident fund loans, corporate business is not restricted by this condition.

Nine, the original commercial loan bank has not signed an entrustment agreement with the provident fund center.

At present, the Municipal Provident Fund Center has signed entrustment agreements with 13 commercial banks (see Annex 1 for the specific list). The borrower's original commercial loan bank has not signed an entrustment agreement with the municipal provident fund center, but if the borrower applies for transferring the business to the public, the borrower should choose to repay the loan first and then transfer it to the public.

X. Procedures for accepting the transfer of business to public services

Borrowers who apply for transferring business to public sector should first consult the service hall of the provident fund center to confirm whether they meet the conditions of transferring business, and fully understand whether the possible expenses, loan amount and years meet their expectations before deciding whether to apply for transferring business to public sector.

If it is determined to repay the loan first, the borrower shall go through the prepayment procedures of the original commercial loan first. After paying off the original commercial loan, with the personal loan settlement certificate printed by the bank (stamped with the bank's "completion seal") and other materials, go to the branch (office) to handle the revolution business; If the loan is repaid first, the borrower shall apply to the original commercial loan bank for prepayment, and go to the branch (office) for application, approval and other matters with the certificate of prepayment of the original commercial loan with the seal of the original commercial loan bank (Annex 2), the original loan contract of the original commercial loan or a copy with the seal of the bank.

Eleven, in line with the conditions of mortgage loans to buy new loans.

Mortgaging the old, buying the new and applying for provident fund loans is limited to borrowers who have not signed a cooperation agreement with the provident fund center to develop real estate.

Twelve, the original commercial loan collateral for faster mortgage cancellation.

According to the relevant provisions of the Measures for the Registration of Houses, during the pre-mortgage period and the formal mortgage period of existing houses, as long as the buyers and sellers reach an agreement through consultation, the mortgage can be lifted.

13. The mortgage value and evaluation of the housing normally applied for provident fund loans and the calculation of the loan amount refer to the second paragraph of Article 6 of this Note.

Fourteen, employees who have paid the provident fund in different places apply for business transfer.

Employees who pay the provident fund in different places to buy houses in our city and meet the conditions of provident fund loans, loans in different places and business transfer in our city can apply for business transfer, and can only take the form of repayment first and then loan. The specific procedures shall be implemented in accordance with the relevant provisions on off-site loans and business transfer.

Attachment:

1. List of 13 commercial banks that have signed entrustment cooperation agreements with the municipal provident fund center.

2. Proof of agreeing to repay the original commercial loan in advance.

Weifang housing fund management center

2015165438+1October 1 1

; 3. Why is the registration of provident fund account and mobile phone number inconsistent?

If the reserved mobile phone number of the provident fund is inconsistent, it can be changed to the current number. The way to change the mobile phone number bound to the provident fund is to call the customer service phone of the local provident fund center for consultation and modification, or I can bring my ID card and mobile phone directly to the local provident fund center for modification.

If you have a provident fund loan, you can contact the provident fund loan bank? Change the reserved mobile phone number directly in the bank's loan system.

4. Why are housing provident fund loans different from individual housing provident fund loans?

1, the calculation method is different.

Equal principal and interest repayment method. That is, the borrower repays the loan principal and interest in equal amount every month.

Average capital repayment method. That is, the borrower repays the principal in equal amount every month, and the loan interest decreases month by month with the principal.

2. The total amount of interest paid by the two methods is different. Under the same loan amount, interest rate and loan life, the total interest of the principal repayment method is less than that of the principal repayment method;

3. The ratio of interest to principal is different in the first few years of repayment. Interest accounts for a large proportion of the total repayment in previous years (sometimes as high as 90%), while the principal of the principal repayment method is shared equally every time, and the interest is calculated on a daily basis, so the ratio of the two is about 50% at the highest.

4. The pressure before and after repayment is different. Because the monthly repayment amount of the principal and interest repayment method is the same, the repayment pressure is the same every time when the income and expenditure and prices are basically unchanged; The principal repayment method pays the same principal every time, but the interest decreases from more to less. Under the same circumstances, the stress in the later period is much lighter than that in the earlier period.

Personal point of view

If you plan to repay part of the mortgage in advance, it is more cost-effective to choose the average capital repayment method.