A. What is a subsidized loan?
The state subsidizes the interest on loans to support an industry, and such loans are called subsidized loans. For example: the state to support agriculture (to mobilize farmers' enthusiasm), the purchase of seeds / fertilizers, etc. to implement low-interest loans (in order to ensure that the interests of the bank, the shortfall in the interest portion of the state by the state to make up for the bank), the farmers to get such a loan is a subsidized loan.
Two, the provident fund subsidized loans to implement a combination of low-interest loans fast lending
Guangzhou implementation of "more than a month, there have been a number of success stories. It is reported that the subsidized loans only for the combination of loans, the biggest advantage or is shorter disbursement time, now use this way of the year has been five interest rate cuts, commercial loan interest rates and provident fund loan interest rates if you want to quickly approved loans, you can use a combination of loans, not only to enjoy the benefits of the provident fund of low interest rates but also can be quickly disbursed.
Improvement buyers love to use subsidized loans
As a result of the CPF stick combination loan approval, disbursement of funds when the gold subsidized loan willingness to be relatively strong, from the November data, the combination of loans increased by fifty percent year-on-year.
But overall, the current market has a clear understanding of this buyers are not many, so generally eligible will first recommend to them discount loans, buyers accept this is also relatively high, due to the approval of the disbursement of funds faster than the CPF is indeed mainly to improve the type of buyers, they dealt with mainly in the Bank of China, the Bank of China's transactions more cases, the transaction of the current report up to ninety percent of the transaction has been approved! The company's business is also a good example of how it can be used to improve the quality of its products.
Currently the market price is generally high, need home will recommend them CPF subsidized loans, as long as the buyers who meet the CPF loan conditions to apply can be approved.
Short disbursement time seller acceptance
Public Provident Fund subsidized interest rate loan method requires the bank preliminary examination, scanning the information to the Public Provident Fund Center for the internal process of the work of the Public Provident Fund Center for approval of whether to comply with the standards of the Public Provident Fund Loan, so subsidized interest rate loan roughly the approval time needs 12 to 15 working days, so from the case for the approval of the case to the completion of the; and the approval time of the commercial loan comparison Provident Fund subsidized loans reduce about ten working days, but enjoy the benefits of low interest rate of the provident fund, can be significantly shortened, the buyer and seller of the transaction has no small role in promoting.
Expert advice: CPF subsidized loan amount as much as possible to apply for
The so-called "CPF personal housing subsidized loan", refers to the use of bank funds by commercial banks to meet the conditions of housing CPF loans and commercial bank personal housing loans to the borrower issued subsidized loans, the borrower according to the commercial housing loan interest rate to pay interest to the bank. The borrower pays interest to the bank at the commercial housing loan rate, and the difference between the interest rate of the subsidized loan and the interest rate of the provident fund loan is paid to the borrower by the Guangzhou Housing Provident Fund Management Center on a monthly basis. Meet the conditions of the provident fund loan employees, can voluntarily choose to subsidize interest loans for provident fund loans borrowers, deemed to be applicable to the Guangzhou Housing Provident Fund before the China Construction Bank, the Bank of China and the Guangzhou Agricultural and Commercial Bank of the three banks can accept the subsidized interest loan business.
Through the subsidized interest loans can be both buyers to enjoy the low interest rate of the provident fund, but also faster disbursement, %, the subsidized interest loans will be forced to convert into commercial loans, the provident fund management center will no longer provide subsidized interest services. It is reported that the Guangzhou Provident Fund Center is proposed to invest 5 billion yuan a year for subsidized loans. At present, the acceptance of the provident fund subsidized interest loans is high, so will the quota run out of the situation?
According to the bank's feedback figures a month or so about more than 200 business, even if the second-hand units in Guangzhou in November transactions 6,000 units to calculate the ratio of combination loans roughly in the 15% to 20% or so, even if the loan full of 1 million yuan, the amount of the loan is only a few hundred million yuan. The year has been five interest rate cuts, commercial loan interest rates and provident fund loan interest rate difference has been not much, now pure provident fund loans still have to wait not a short time, if you hope to get a loan quickly, it is recommended that a combination of loans, that is, provident fund loan amount is not completely used up, but also apply for a small amount of commercial loans, so that the interest payment will not increase how much, but the speed of disbursement will be a lot faster.
(The above answer was posted on 2015-12-21, the current relevant housing policy please prevail in practice)
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Three, the difference between business to business and subsidized interest
Difference between subsidized and combination loans
Subsidized loans, also known as public to business loans. It is the housing fund management center, loan guarantee center, commercial bank three joint launch of personal housing guarantee loan policy discount business. Home buyers can receive loans directly in the cooperative bank, without having to go to the center, the bank to run two sets of procedures, pay two fees. This loan time may be saved from the previous months to just a few days. And the interest difference between commercial loans and provident fund loans, the interest provided by the Government Housing Fund back to the cooperative banks, the final benefit of the subsidized interest rate still falls on the borrower. The benefits of subsidized housing loans existing combination loan procedures are relatively complex, the borrower has to pay the commercial loan of the lawyer's fees, insurance premiums, CPF loan appraisal fees and mortgage registration fees. The discount business is the bank, funds and guarantee *** with the commissioned law firms to accept personal loans, discounts and guarantee application procedures, the borrower can only enter the door once to complete the application, simplify the procedures and reduce costs. Therefore, the subsidized loan is the reserve policy when the amount of provident fund housing management center is not enough, the difference between the subsidized loan and the combination of loans is that the issuer and the time of release is different, but the same interest rate.
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Commercial Loan to Provident Fund and the Second Discount Difference - Baidu Know
1 Answer Answer Time: October 29, 2022
Best Answer: The difference between a CPF subsidized interest loan and a CPF loan lies in the fact that the loan provider of a CPF subsidized interest loan is a bank, while the loan provider of a CPF loan is the Housing Provident Fund Management Center. In other words...
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Implemented from June 1! Jiangmen City CPF business to public loans, subsidized loans have changes? -Tencent ...
1. There is not much difference between the interest rates for commercial loans and provident fund loans.
2. The home purchased is the second suite of a CPF loan.
4. Difference between subsidized loan and combined loan?
Subsidized loans and combination loans are both forms of home loans, but they are different in the following ways:
1. Subsidized loans mean that the government or the developer provides interest concessions to the buyer, who only needs to pay back the principal, and the interest is borne by the government or the developer. And a combination loan means that the homebuyer can split the interest rate and risk by getting separate loans from different banks or financial institutions.
2. Subsidized loans are generally applied to home purchase subsidy programs launched by the government or developers, mainly to help low- and middle-income families gain access to homeownership. Combination loans, on the other hand, are an active choice of loan, allowing homebuyers to choose the most appropriate loan combination for their actual situation.
3. The interest rate for subsidized loans is borne by the government or the developer, and is usually lower, but homebuyers need to bear certain loan fees and other related costs. On the other hand, the interest rate for a combination loan is set according to the market rate of each bank or financial institution, and the buyer needs to bear all the interest and related costs by him/herself.
Overall, the subsidized loan and the combination loan are a way to reduce the burden of purchasing a home, but there is a big difference between them in terms of the target applicants, the way to bear the interest and the costs, and so on, and the home buyers need to choose the most suitable way according to their actual situation.