▲ Q: Is the "business-to-public" loan really cost-effective? Under what circumstances will "business versus public" suffer?
Attention! Not everyone is suitable for business-to-business loans. It's a waste of effort to turn around and find that it is almost the same as the original repayment amount.
So the following three situations are not suitable for "business-to-business" loans! ! !
1. If the benchmark interest rate of personal commercial loans enjoys an ultra-low discount from the bank, it is not suitable for handling.
For example, when you buy a house, you just have the opportunity to enjoy the preferential interest rate of 30% off the mortgage, so according to the current benchmark interest rate, it is 4.9% × 0.7 = 3.43%. The latest interest rate of provident fund loans is 3.25%, which is almost the same, and there is no need to turn it into public interest.
2. If the repayment period of the original commercial loan is over half, it is not recommended to "turn business into public".
For example, if you happen to be in the early stage of repayment of commercial loans (such as the first 2-3 years), it is very cost-effective to "turn business into public" at this time. If you are already in the late stage of repayment, such as a commercial loan with a term of 10 years, it is not cost-effective to convert it into a provident fund loan in the sixth and seventh years. Because the bank's interest is generally similar to that collected in previous years.
3. If you intend to pay off all the loans 2-3 years before the loan period, it is not recommended to "turn business into public".
Because in the whole process of transferring public business, we must first obtain the consent of the original loan bank in accordance with the original commercial loan contract. In this process, the original lending bank will generally charge a penalty interest for prepayment in accordance with the contract, plus the guarantee fee and other expenses incurred in the foreclosure process, which may not be cost-effective.
▲ Q: How much can I save after handling "business-to-business"?
For example, take a loan of 600,000 yuan for 30 years as an example, as shown in the following figure:
Interest on provident fund loans: 340,000 yuan; The commercial loan interest is: 480,000! So to put it simply, "Palace" saves as much as 1.4 million soft sister coins as "Shang"! ! !
Squeeze out the down payment of the second suite alive! ! (Note: Click here to view the popular properties of Chongqing Provident Fund. )
▲ Q: What are the types of "business-to-business" loans?
1, corporate loan of natural person guarantor
If the personal housing loan purchased by the lender in a commercial bank is an existing house or an auction house, and the commercial loan has not been settled, and the commercial loan of the auction house has been settled, the lender may apply for a "natural person witness-to-public loan". If the house purchased by the lender's personal housing loan from a commercial bank is an auction house, and the house ownership certificate has not been obtained, the lender shall apply to the central branch in advance, and after the central branch agrees, the lender shall settle the balance of the personal housing loan from the commercial bank with its own funds and apply for a loan from the center within 3 months.
The mortgagor of this house turned to public loan.
Only when the house purchased by the personal housing loan of the lender's commercial bank is an existing house and the commercial loan has been settled. Lenders who settle the balance of personal housing loans of commercial banks with self-raised funds need to make an appointment with the Housing Provident Fund Center in advance, and can apply for a "business-to-public" loan within 3 months after the approval of the Center.
▲ Q: What is the detailed process for Chongqing to handle the "business-to-public" loan?
; & gt First go to Chongqing Housing Provident Fund Center (Daxigou, Yuzhong District) to make an appointment to get the number. After you get the number, wait for the notification message from the provident fund center, which will remind you when to submit the loan application.
Step 2 > >& gt Issue income certificate, salary card, bank running bill and repayment details of the original commercial loan bank. Then go to the provident fund center to submit the business transfer information according to the time prompted by the SMS.
Step 3 > >& gt At the same time, you should send the materials prepared by the provident fund center to the guarantee company for review (only for review, the original will be returned), pay the guarantee fee (the fee is 3.5% of the amount of funds), sign the guarantee contract, and open the provident fund card at the designated bank.
Step 4 > >& gt During the preliminary examination, you can make an appointment with the original loan bank for prepayment. The time of each bank is different, subject to the appointment.
Step 5 > >& gt Pass the preliminary examination. After passing the preliminary examination, the Provident Fund Center will send a short message, and then carry all the materials and originals to the "Meeting Room of the Municipal Housing Property Guarantee Company" in Renhe Street, Yuzhong District for signing the contract according to the time agreed in the short message. Then submit the information to the bank that will lend money together with the guarantee company.
Step 6 > >& gt passed the bank audit. After the approval of the bank, the next step is to spend 290 yuan for notarization. The address is the notary office at two intersections. The notarization is completed and handed over to the guarantee company. Wait for the new loan notice. After the loan notice, go to the guarantee company to get your original information. At this point, the process of transferring commercial loans to provident fund is completed! !
(Special reminder: Never make an appointment with the bank for prepayment. When handling "business-to-business", you must first make an appointment with the housing provident fund center to get the number! ! The main lender applying for provident fund loan must be the same as the main lender of the original commercial loan! ! Do not change! ! )
(The above answers were posted on 2016-11-22. Please refer to the actual situation for the current purchase policy. )
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