As we all know, when banks handle mortgages, buyers can choose provident fund loans, commercial loans and portfolio loans. Among them, the interest rate of provident fund loans is the lowest, but the requirements for personal qualifications are also relatively high, and the loan amount can be less. Is portfolio loan really less cost-effective than commercial loan? In this case, never choose a portfolio loan!
Is portfolio loan really less cost-effective than commercial loan? The so-called portfolio loan is actually the form of commercial loan and provident fund loan. Due to the low interest rate of provident fund loans, many users will give priority to the form of portfolio loans when the mortgage amount is large, and think that portfolio loans are always more cost-effective than provident fund loans. In fact, if the mortgage amount applied by buyers is not large and the interest rate of commercial loans is high, portfolio loans are indeed more cost-effective than commercial loans. However, if banks give certain interest rate concessions, then portfolio loans are actually not more cost-effective than commercial loans. Take Shanghai as an example. Shanghai couples can apply for provident fund loans, with the highest loan interest rate of 6.5438+0.2 million. Suppose a couple wants to apply for 2 million as a mortgage, which is calculated according to commercial loans and provident fund loans. The husband and wife apply for a pure commercial loan, the monthly payment is RMB, and the total interest is 1.8 million yuan. If you apply for a portfolio loan, the commercial loan is 800,000 yuan, the monthly payment is 720,000 yuan, and the total interest is more than 720,000 yuan; The loan amount of provident fund is 6.5438+0.2 million yuan, and the total interest is 680,000 yuan. In this way, the total interest of pure commercial loans will increase by 4 1 1,000 yuan. However, according to the actual situation in Shanghai, many banks will give 8-9 discount to the interest rate of large mortgage loans. If calculated according to the 20% discount, the total interest of pure commercial loans will become 6.5438+0.4 million yuan, and the interest of combined loans will also be 6.5438+0.4 million yuan. There is not much difference between the two. Therefore, after the bank gives a 20% discount on commercial loans, it is recommended that property buyers do not choose portfolio loans. After all, not everyone can apply for full provident fund loans, and provident fund loans are relatively more qualified for individuals. The above is the related content sharing of "portfolio loan is not as cost-effective as commercial loan", and I hope it will help everyone!
Second, is there a discount for portfolio lenders?
Usually not.
Portfolio loan application:
Apply for a portfolio loan, and the preliminary procedures are the same as those for provident fund loans;
After preliminary examination, when the borrower goes to the bank to handle other procedures for provident fund loans, he should fill in the application form for commercial loans and go through relevant procedures as required by the bank;
After the approval of the two loans is completed, the bank will transfer them to the account of the selling unit;
In portfolio loans, the loan term, loan date and repayment date of provident fund loans and commercial loans are the same, but
3. Is there any discount for portfolio loan?
First of all, the bank to be handled must be designated by the provident fund management center, which makes property buyers have certain restrictions on choosing banks, loan products and repayment methods.
Secondly, the processing time of portfolio loans is longer. Because portfolio loans involve both provident fund loans and commercial loans, they need to be reviewed twice, and commercial loans can only be released after banks see his right certificate after mortgage registration, which also makes portfolio loans take longer than pure commercial loans and pure provident fund loans, which leads to low acceptance of this loan method by many developers.
Moreover, in terms of loan processing cost, because portfolio loans need to charge service fees for provident fund and commercial loans respectively, compared with commercial loans, property buyers may increase their fees when handling portfolio loans.
4. Can the commercial loan interest rate be discounted?
Whether the commercial loan interest rate is discounted depends mainly on whether the bank has activities. Generally, there is no discount for the four major banks. A few years ago, the Postal Savings Bank made a 15% discount on the fixed deposit rate of 5. 1 10,000 at the Postal Savings Bank for publicity.