The interest rate of commercial loans is high, but the amount is high and the restrictions are few.
The interest rate of provident fund loans is low, but there are many restrictions and the amount is low.
There are differences between them in nature, time, interest rate and quota.
Nature: provident fund loans are policy loans that are not for profit, while commercial bank loans are for profit.
Interest rate: more than 5 years, the benchmark interest rate of 20 15 latest commercial loans is 4.9%, while the provident fund is only 3.25%.
Amount: The upper limit of the first provident fund loan is 6,543,800+0.2 million, and the commercial loan is calculated according to the evaluation price and customer qualification.
Time: Commercial loans are slightly faster than provident funds!