When buying a house, you generally need to apply for a loan. At present, the mainstream loan methods are mainly divided into two kinds, one is commercial loan, and the other is provident fund loan. Of course, the second way of loan is what many people want to handle, but the threshold of provident fund loan is high and the loan amount is limited. So, what is the interest rate on loans? How much can I borrow from 10000 provident fund?
What is the interest rate on a loan to buy a house?
1. Since the central bank cut the interest rate in October 2017, the benchmark interest rate currently implemented by the bank is: the interest rate for loans less than one year (including one year) is 4.35%; The interest rate from one year to five years (including five years) is 4.75%; 4.90% for more than five years. In 2018, the bank will also follow this benchmark interest rate.
2. At present, the benchmark interest rate of commercial loans with a loan term of more than 5 years is 4.90%. Due to the influence of the restricted purchase and loan restriction policy, local banks have made different adjustments to the loan interest rate of the first house. The latest data of the bank information port shows that the average interest rate of the first house in China is 5.38%, and the interest rate generally rises by 5% - 20%. The interest rate of second house loans generally rose by 10% - 30%. Over the same period, the benchmark interest rate of provident fund loans was 3.25%, and the interest rate of second house loans generally rose by 10%.
3. The second house is defined as the number of house loans recognized by the borrower's family (including the borrower, spouse and minor children). If the family that has purchased the house with provident fund loan or commercial loan applies for house loan again, it will be regarded as the second house.
How much can I borrow from 10000 provident fund?
1. The total price of the house purchased. To apply for provident fund loans, the applicant needs to prepare at least 30% of the down payment, while in some areas, only 20% of the down payment can be prepared. The lower the down payment, the higher the loan amount to apply for. Because the remaining 70% or 80% of house prices need to apply for provident fund loans.
2. Balance of provident fund account. The higher the balance of personal provident fund account, the higher the amount of provident fund loan that can be applied for. Generally speaking, the amount of personal provident fund loan is 10-20 times of the balance of provident fund account.
3. The amount limited by the local provident fund policy. The high limit of provident fund is different in different regions. At present, some second tier cities use their own housing provident fund to apply for housing provident fund loans, with a high loan limit of 400000 yuan. For a couple's combined housing provident fund loan, the loan limit is 600000 yuan. The loan term of provident fund is 30 years.
The above is about the interest rate of loan to buy a house and the loan amount of 10000 provident fund. I hope it can be helpful to you. In fact, on the premise of being able to handle provident fund loans, Xiaobian still suggests that you go down the process. Although the payment of provident fund loans is relatively slow, it can save you interest after all. If the amount is not enough, you can combine loans.