Among commercial loans and portfolio loans, portfolio loans are a mixture of commercial loans and provident fund loans. Generally, this method has more advantages than commercial loans when the loan amount is large and the provident fund cannot be met. If you choose commercial loans, you should pay more attention to each bank when making simple commercial loans. If the benchmark interest rate is the same, which bank will choose which one for interest rate concessions. There are three main ways of "#" loan, namely, commercial loan, provident fund loan and portfolio loan, each of which has its own advantages and disadvantages.
1, commercial loan
People who buy houses with commercial loans are more common, because the loan amount of commercial loans is very high.
Compared with provident fund loans, its threshold is relatively low, and the scope of loanable real estate is relatively wide. As long as the credit repayment ability is good and the loan policy is met, you can apply for a loan.
The process of commercial loans is relatively simple, the procedures are convenient and fast, and the speed of issuing loans is relatively fast.
The loan interest rate of commercial loans is relatively high, and the benchmark interest rate for loans over five years is 4.9%. At present, the loan interest rates of major banks have risen to a certain extent, resulting in high total interest.
2. Provident fund loans
The interest rate of provident fund loans is low, and the interest rate of loans for more than five years is 3.25%, resulting in less total interest, which can reduce the repayment pressure.
However, there are many restrictions on provident fund loans, and you need to pay a certain number of years according to local policies before you can apply for provident fund loans. The amount of provident fund loans is limited. Provident fund loans are more complicated than commercial loans in terms of loan processes and procedures, and the approval time is longer. The property nature of the loan is limited to ordinary housing. If there are outstanding provident fund loans before, you can't apply for provident fund loans again.
3. Portfolio loan
When the loan amount of provident fund is limited and the loan amount is not enough, you can use portfolio loans to increase the loan amount.
The interest rate of portfolio loans is higher than that of provident fund loans, but lower than that of commercial loans, and the interest rate is moderate.
The loan requirements of portfolio loans are high, and the loan process is complicated to meet the requirements of provident fund loans and commercial loans at the same time.
It is suggested that if the conditions of provident fund loans are met, and the amount of personal loans required after down payment is less than or equal to the amount of provident fund loans calculated by the provident fund center, it is best to choose the provident fund loan method.
If the amount of provident fund loans is not enough, it is recommended to choose commercial loans and then turn them into provident fund loans; If you are not afraid of trouble, you can choose a portfolio loan.
If you do not meet the conditions of provident fund loans or the amount of provident fund loans is too low, it is recommended to choose commercial loans. "# If the amount of house payment is sufficient, the suggestion is: provident fund loan > portfolio loan > commercial loan. If your initial funds are not too tight, you can choose the average capital method to reduce all interest expenses; If the funds are tight in the early stage, you can choose the way of matching principal and interest, so that although there are many interest expenses in the early stage, the financial pressure will be small. # "There are mainly the following types of housing loans: housing provident fund loans; Personal housing commercial loans; Personal housing portfolio loan.
1. Housing provident fund loan: Personal provident fund loan is a loan entrusted by the bank by the local housing provident fund management center using housing provident fund. The interest rate of housing provident fund loans is relatively low, but there is a limit on the amount.
2. Personal housing commercial loans: Personal housing commercial loans are loans issued by banks. As long as you have enough repayment ability, you can apply. The advantage of commercial loans is that the amount is relatively high, which is suitable for everyone to apply, but the loan interest rate is relatively high. Rong 360 provides housing loan search, and you can comprehensively compare the loan interest rates of various banks and choose the best products.
3. Individual housing portfolio loan: portfolio loan refers to the combination of the above two loans. The interest rate of portfolio loan is moderate, the loan amount is large, and there are many choices. But the disadvantage is that the processing cycle is long. In the process of second-hand real estate transaction, the seller is unwilling to wait so long to get the house payment. There is no such problem in buying a new house.
The current commercial loan interest rate is 4.9% of the national benchmark interest rate. The interest rate of provident fund loans is 3.25%. "
The above contents are for reference only, I hope I can help you. Thank you for your support. I wish you a happy purchase!