How personal loans to buy a house?

Pre-purchase loans are as follows:

1, housing provident fund loans;
2, individual housing loan business;
3, individual housing loan portfolio.

1, housing provident fund loans: for having participated in the housing provident fund to pay the residents, purchase loans, housing provident funds should be first choice for low-interest loans. Housing Loan Fund has a policy of the nature of subsidies, low interest rates, not only lower than the same period of commercial bank lending rate (commercial banks is only half the mortgage rates), but also lower than the same period of commercial bank deposit rate, that is, in the housing fund Mortgage interest rates and bank deposit interest rate spreads between the one. At the same time, housing provident fund loans for the mortgage insurance and other related charges clearance by half.

2, individual housing loan business: more than two loans limited to a housing fund to pay for staff in the use of the unit, the limited number of conditions, therefore, not deposited in the housing accumulation fund loans were missed, but the commercial banks can apply for individual housing loan guarantees, That is, bank mortgage lending. As long as your bank balance in the loan account to purchase housing funding required for the ratio of no less than 30% as house down payment, and bank loans are approved or pledge assets as collateral, or adequate compensation Or the ability to repay the loan principal and interest as a personal commitment and joint and several liability of a guarantor, then the bank can apply for mortgage loans.

3, individual housing loan portfolio: housing fund management center of the Provident Fund loan can be paid up to a maximum of 10-29 million for the general, if the house shall exceed this limit, in part to the lack of commercial banks to apply for housing loans. The two loans together referred to as the loan portfolio. The business can be a Ministry of the bank's real estate credit for reunification. Loan portfolio of more moderate rate, the larger the amount of the loan, which was more choice of lenders.

Personal housing loans to entrust (loan fund) the most cost-effective, individual housing loans (commercial loans) interest burden, but there is little difference between the repayment, we may as well look for comparison:

Assuming a couple buyers to purchase a total of 500,000 yuan housing, with its own funds to pay 30 percent down payment, that is 150,000 yuan, 350,000 yuan and the remaining 15 years to apply for loans. The couple on revenue of 6,000 yuan, on provident fund deposit ratio was 20% (business and personal burden on the half), the fund now total 40,000 yuan. Commercial loans than the burden of policy loans is much higher, reaching 1 / 3, also on the amount of more than 10% of the total number of nearly 50,000 yuan, is not insignificant. That being the case, natural selection should be entrusted to individual housing loans, but not the couple can not rely on individual housing loans entrusted, even if their existing fund of 4 million is 10 times lower rate calculation, they can apply for The 400,000 yuan loan fund, but because the policy loan ceiling of only 300,000 yuan, 350,000 yuan is therefore not possible. As a result, the couple is only second best to choose the individual housing loan portfolio. In that case, their monthly repayment burden to bear this? They say the monthly repayment of 2781.45 yuan, but they can be part of the repayment period to cover the monthly deposit of the fund, the amount could reach up to 20% of total revenue, that is 1200 yuan / month, then they need to To pay for the floor section only (2781.45-1200) 1581.45 yuan / month, and their monthly income of 6,000 yuan compared to the burden is very light. However, if there is no support for the fund, entirely on commercial loans, the monthly repayment burden is quite heavy, but accounted for 50% of the total revenue of about a mortgage or acceptable. Buyers identified in the proposed budget for the purchase of a building may wish to carefully calculate, compare the lists several options to apply for the loan again.

Provident Fund for housing loans should be the following:

(A) the borrower to apply for housing loan fund to the city housing fund management center application in writing, fill out the housing accumulation fund loan application form and provide factual information.
(B) of the city housing fund management center in charge of borrowers eligible guarantor eligibility, loan amount and loan term of the contract to complete the review and consent of the borrower and the Center for the signing of the relevant contracts or agreements, the People's Bank of China and insurance regulations.
(C) of the loan check has been completed, the city housing fund management center for the bank to grant loans to a notice issued by the bank loan received a notice of classified loans to pay for procedures

To remind: purchase, based on the borrower's own funds to pay, the banks estimated that the amount of loans that can and the monthly repayment amount. According to the management of the fund provides an annual extraction. The assumption that customers once a year to fund the extraction of 15,000 yuan, while the monthly loan repayment fund amounted to 1,500 yuan, the repayment of commercial loans amounted to 1,000 yuan in the way of repayment can enroll in the "balance of the loan-to-red", that is, extracting the first fund to return Month housing accumulation fund loans and commercial loans principal and interest (a total of 2,500 yuan), the balance of 12,500 yuan can be a one-time repayment of commercial housing loans, commercial housing loans to pay off the principal, and then the remaining funds to repay the principal of the loans, because Commercial lending rates higher than the funds rate. "Chong repayment", the borrower can choose to shorten the period of repayment of the original or choose to repay the same period, also on reducing the amount of the loan approach. However, commercial bank customers to repay in advance the number of times that there is a certain limit. If customers choose the "principal and interest matching" method of repayment, the monthly repayment amount equal to maintain the same 2,500 yuan, the extraction of 15,000 yuan fund will be charged according to the original mode charge 2,500 yuan per month in a row. Lack of balance, the borrower should be in full and on time will be used to repay the money into the bank card, both the repayment method, customers can choose according to their own reality.

If the customer when they apply for the purchase of individual housing loans of the commercial, such as: personal housing mortgage loans, the transfer of individual housing loans, personal loans re-transaction housing. At that time, buyers who, for various reasons do not apply to "fund" loans, and now personal funds deposited in the required amount and number of years, and has to apply for funds to meet the conditions for purchase loans, while commercial banks do not currently able to purchase commercial Conversion of loans to fund housing loans, but funds can be extracted for commercial loans to repay principal and interest. As long as the borrower to apply for fund management and handling procedures for Provident Fund, the fund can extract the return of principal and interest housing loans to individuals.

Bank to apply for individual housing loan workflow:

(A) the buyer developer entered into with the "pre-sale housing contract."
(B) payment of more than 30% of paying back the principal.
(C) of the housekeeping department to handle the pre-sale registration.
(D) After the pre-sale registration, the buyer holds the original contract, fill out applications for loans and loan contract.

Two different interest repayment method

The buyers were generally only know that the loan must be repaid interest, but using different methods of repayment and interest are different. Loan of 40 million, 30-year period, interest can be the difference between 100,000 yuan huge! As many people have also been kept in the dark - the difference between two types of loan interest law, in this excerpt for you to read an article.

Mr. Liu, people just bought a new house last month, and completed the formalities of housing loans, the monthly repayment amount of nearly 2,000. Who knows this month on that loan for the first time, Mr. Liu has let him know that a very surprising thing --- one of his relatives and their credit lines or less the same, the same number of years, but on the whole loan interest But a difference of nearly 25,000 yuan! It just because they used different payment methods. Prior to this, Mr. Liu said another repayment on his way know nothing about.

"In the contract, the bank staff only to have a lot of loan contracts, crowded, and then I will help you turn here, turn there will be one, pointing to a number of blank, you sign their names, Fill in the identity card number, according to the fingerprint can not mention there is another method of repayment. "

The loan signing of the contract, Mr. Liu has his own calculations about interest rates as high as the total amount of more than 176,000 yuan. But for relatives to remind, Mr. Liu is thought to do the loan, the distressed and angry Mr. Liu could not help themselves out of the loan contract carefully and turned over several times and found that the contract is true, there are two methods available for loan Of their choice, but the bank has been the blank space to fill in advance of the repayment of principal and interest matching method, there is no room for their consideration. Please let us forget about his friends, if we apply a different method of payment, then their 300,000 yuan, 20 years of commercial housing loans total less than 152,000 yuan, is now less than 24,900 yuan.

Main banks generally recommended "equal"

In order to actually proved, the past few days, reporters have to purchase the identity of Nanjing, make unannounced visits to a number of banks to carry out.

Agricultural Bank of China branch in the consumer credit Xinjiekou supermarket, told reporters that preparations for the purchase of a total of 80 million houses, 30% down payment, 120,000 yuan loan fund, and the remaining 440,000 yuan ready for commercial loans, 30 years Pay off. A staff reporter warmly received. First of all, she introduced the reporter to the repayment of principal and interest law (equal), through calculation, "also on the amount," a show to 2372.78 yuan;
Reporters then asked whether or not the other way of repayment, the staff said there is another kind of "repayment of the principal Act" (decline). The monthly repayment amount would vary from about 3,000 to 1,000 yuan gradually decreasing.

How to choose which method? Following is a reporter and the staff for a dialogue:

"Two methods of repayment which is more cost-effective?"

"In general the second method reduced pay less money, but most people will not wait 30 years to pay off, if the loan ahead of schedule, then there will be no big a gap. Not to mention decreasing the use of law behind although still small, But too much pressure on the very beginning. "

"Which is more convenient?"

"Of course, is the first law to facilitate the matching, only a month on a monthly basis back to the bank the same amount of money the line. The second method reduced the amount of money every month is different, Suanqi Lai also trouble ... ... Therefore, we Generally recommended method of matching customer choice. "
Subsequently, the buyers continue to reporters the identity of the telephone business banking, Merchants Bank, Industrial and Commercial Bank, Construction Bank and so on a number of banks, most of them in order to introduce the "principal and interest repayment method" that is the main method of matching, and some even Not to mention the way clawback payments. Although some of the bank staff finally admitted that the individual should be in accordance with different situations to choose the way of repayment, but their words, you can very clearly hear the law of equal preference.