The interest rate difference between provident fund and commercial loans is 6.55% and 4.5%, with a difference of 2.05%. The benchmark interest rate for commercial loans is 4.9%; And it will generally increase by10% ~ 30%; The interest rate of provident fund loans is 3.25%, which generally does not rise.

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First, the difference in interest rates between provident fund loans and commercial loans.

During the same period, the benchmark interest rate of provident fund loans was 3.25%, and the interest rate of second-hand housing loans generally rose 10%. The second suite is defined as the second suite where the number of mortgage loans is determined by the borrower's family (including the borrower, spouse and minor children), and families who have used provident fund loans or commercial loans to buy houses apply for mortgage loans again.

At present, the benchmark interest rate for commercial loans with a loan term of more than 5 years is 4.90%. Due to the policy of restricting purchases and loans, local banks have adjusted the interest rate of the first home loan to varying degrees. According to the latest data of Rong 360, the average interest rate of the first set of loans in China is 5.38%, and the interest rate generally rises by 5%-20%. Second-hand housing loan interest rates generally rose 10%-30%.

Which is more cost-effective, provident fund loan or commercial loan?

The loan interest rate is different. The loan interest rate of provident fund for more than 5 years is 3.25%, which leads to lower total interest. For commercial loans, the interest rate is 4.9%, and the total interest of loans is relatively high, and there is no discount. The combined loan interest rate is between 3.25% and 4.9%, and the total loan interest is relatively moderate. The loan amount is different, and the loan amount of provident fund is limited by the deposit period and balance of individual provident fund.

In addition, the policy also stipulates the maximum loanable amount of the provident fund; The loan amount of commercial loans is higher than the provident fund. The loan terms are different. The requirements of commercial loans are good personal credit, no bad credit record and strong repayment ability. As long as you buy a house, you can use commercial loans, whether it is an ordinary house or a commercial and residential building, a villa or an office building. The use of provident fund loans also requires good personal credit.

In addition, there is a requirement that the individual provident fund account must be paid in full within six months before the loan date. Provident fund loans are only for families who buy ordinary houses, villas and other non-ordinary houses, commercial and residential buildings and other non-housing families, and cannot be used for provident fund loans.

What is the difference between the interest rates of commercial loans and provident fund loans?

Mortgage is divided into commercial loans, provident fund loans and portfolio loans. Portfolio loans are loans with insufficient provident fund and commercial loans. What is the difference between the interest rates of commercial loans and provident fund loans? If the provident fund loan interest rate is 3.25‰, the commercial loan interest rate is 4.9%. There is a big difference between the two. Commercial loans pay a lot more interest than provident fund loans.

Generally, after paying the provident fund for half a year, you can use the provident fund loan. If both husband and wife pay the provident fund, they will save a lot of interest.

So how to determine the personal provident fund loan amount,

1. The balance of the housing provident fund account of the borrower and the same borrower is 15 times.

2. The borrower's provident fund base (average in the last six months) 12, the loan period is 60%, and the borrower's continuous deposit time coefficient.

Monthly deposit base of provident fund = monthly deposit amount/monthly deposit ratio (the monthly deposit ratio of Jinan company is generally between 10%-24%).

Time coefficient of continuous deposit of the borrower:

Time to pay provident fund

For more than half a year 1 year or less than 1 year, the time coefficient is 0.3.

1 year or more and 3 years or less, with a time coefficient of 0.4.

More than 3 years and less than 5 years, with a time coefficient of 0.6.

More than 5 years and less than 7 years, with a time coefficient of 0.8.

More than 7 years, the time coefficient is 1.

Generally speaking, the loan amount is the highest in the two algorithms. If the results of the two algorithms do not exceed 65438+ million, the loan can be at least 65438+ million.

Under what circumstances can I apply for provident fund loans?

1. The lender applying for a loan shall pay the provident fund normally within the last 6 months.

2. The normal deposit status of the provident fund account when applying for a loan.

3. Neither the borrower nor the repayment partner has outstanding provident fund loans.

4. The borrower has a good credit report based on his family.

5. In the name of the borrower and the borrower, there is only one set of non-provident fund loan housing or no housing in the family unit.

If the husband and wife buy a house, only one of the two parties will pay the provident fund normally, and only 300,000 loans will be allowed; Both parties have provident fund, so it is necessary to choose the same calculation method to calculate the loan amount, and the loan period is calculated according to the main borrower.

What is the general difference between the interest rate of provident fund loans and the interest rate of commercial loans?

The difference between provident fund interest rate and commercial loan interest rate is mainly based on the comparison of the benchmark interest rate of the central bank, and the implementation interest rate between them is not less than 1. 1 times, as the case may be.

Suppose the loan is 6,543,800 yuan, which will be paid off in 20 years with equal principal and interest repayment. If you use a commercial loan to buy a house, the interest rate is calculated at the current benchmark interest rate of 4.9%, and the borrower needs to repay 6,544.44 yuan per month, with a total interest expense of 570,665.72 yuan; If you buy a house with a provident fund loan, the interest rate is also calculated according to the current benchmark interest rate of 3.25%. The borrower needs to repay 567 1.96 yuan every month, and the total interest expense is 36 1.269.83 yuan. From this calculation result, it can be seen that if you buy a house with a provident fund loan, the borrower can pay back 872.48 yuan less every month and the total interest will be reduced by 209,395.89 yuan.

Is the interest on provident fund loans high or commercial loans high?

Generally speaking, the interest rate of commercial loans is higher, and the interest rate of commercial loans is much higher than that of provident fund loans. However, it mainly depends on the loan amount and loan period. The loan amount is high, the loan period is long, and the interest is high. It can only be said that when the loan term is the same as the loan amount, the interest of commercial loans is more.

The difference between provident fund loans and commercial loans

1, facing different apartment types

Housing provident fund loans can only be used to buy houses with 70-year property rights, and other types of houses such as commercial houses cannot apply for provident fund loans. So, please pay attention to this when you buy a house and apply for a loan. The types of houses faced by commercial loans are relatively loose, and you can apply for apartments in addition to houses.

2. The loan interest rate is different.

This is because the provident fund loan is not a policy loan for profit, so the interest rate is relatively low. Commercial loans are different. Commercial bank loans are for profit, and the interest rate is relatively high.

3. The loan amount is different

Generally speaking, if commercial loans and provident fund loans buy the same house, then the first suite of commercial loans can be loaned to 70%. The first set of pure provident fund loans can reach up to 80%.

4. Different repayment methods.

In addition, there are many repayment methods for commercial loans, which are more free and flexible on the basis of prepayment. General commercial loans can be repaid in advance every year after one year. In contrast, the repayment method of provident fund loans is relatively simple, with equal principal and interest and average capital as the main methods. In addition, provident fund loans only have one opportunity to repay in advance.

5. The approval time and organization are different.

It takes about 20 working days to approve commercial loans. Provident fund loans need about 40 jobs, mainly because the provident fund will be submitted to the bank for re-examination after review.

Commercial mortgage is mainly approved by banks, and the decision is made by banks. The provident fund mortgage needs the approval of the provident fund management center, and the decision is made by the provident fund management center, and the bank is only the executing agency.

6. Facing different people.

Commercial loans are open, as long as they meet the loan conditions. Provident fund loans need to be paid in full for more than 6 months every month, and they can only apply if they have a stable occupation and income. Compared with commercial loans, provident fund loans have higher requirements.

What is the difference between provident fund and commercial loan?

Loan interest rate:

The benchmark interest rate of commercial loans is 6. 15%, and the interest rate of provident fund loans for more than 5 years is 4.25%.

Loan share:

For the same house, if the first commercial loan can be 70%, then the first pure provident fund loan can be 80%.

Loan process:

Commercial loans should be reviewed before transfer, and provident fund loans should be reviewed after transfer.

Marking time:

Commercial loans take about 20 working days, and provident fund loans take about 40 working days. Commercial loans are faster than provident fund loans.

Loan source:

Commercial loans mainly come from social public funds raised by commercial banks and other lending organizations, while provident fund housing loans are funds paid by provident fund collectors.

Use the crowd:

Commercial mortgage is open to all eligible people, while provident fund loans are only open to provident fund payers.

Use of interest:

The interest of commercial mortgage is the surplus of commercial behavior and belongs to relevant investors, while the interest of provident fund is useful in policies and rules and can only be used for the construction of affordable housing.

Review organization:

Commercial mortgage is first approved by the bank, and the bank makes a decision; Provident fund mortgage needs to be reviewed by the provident fund management center, which makes a decision. Banks only execute organizations.

What is the provident fund for?

The provident fund is actually a "reservoir" jointly paid by units and individuals. This large pool of funds is to deposit funds to help everyone buy a house together. You can understand that the public will take some money to accumulate as savings, so that everyone can use cheap mortgages when buying a house.

In fact, this is also the cheapest loan fund that ordinary people can access. We must make good use of our provident fund loan opportunities.

The term of provident fund loans is generally not more than 30 years, and the sum of the loan term and the applicant's age at the time of applying for loans is not more than 70 years, which means that loans before the age of 40 can basically apply for the longest term. Of course, the final quota and deadline still have to be approved by the bank counter.

Provident funds are mainly used for two purposes, one is provident fund loan business, and the other is withdrawal and use.

Provident fund loan interest rate:

The interest rate of provident fund loans is about 60% of commercial loans. With the same money, you can save a BMW 5 Series in 30 years.

Even if you have enough cash on hand to buy a house, you can still apply for a provident fund loan. With cash financing, as long as the yield is higher than the loan interest rate of 3.25%, it is pure profit.

Therefore, the provident fund loan is a very important invisible welfare. This is also the reason why some people would rather have a lower salary than go to work in a unit with a provident fund deposit.