How to get a loan for commercial housing: hot topics and structured guide on the Internet in the past 10 days
With the recent adjustments to real estate policies and changes in interest rates, commercial housing loans have become the focus of heated discussions across the Internet. This article will combine the hot data of the past 10 days to provide you with a detailed analysis of the commercial housing loan process, interest rate comparison and precautions, and provide structured data reference.
1. Top 5 popular loan topics on the entire network (last 10 days)
| Ranking | topic | Search volume (10,000) | main focus |
|---|---|---|---|
| 1 | LPR interest rate cut | 285.6 | Mortgage monthly payment reduction |
| 2 | New policy on provident fund loans | 178.2 | Limit adjustment |
| 3 | First house recognition standard | 152.4 | Second-tier cities relax policies |
| 4 | Early repayment liquidated damages | 98.7 | Bank fee differences |
| 5 | Portfolio loan approval | 76.5 | Extension of processing time limit |
2. Analysis of the whole process of commercial housing loans
1.Pre-qualification stage: ID card, income certificate, credit report and other materials are required. Some cities require social security/individual tax payment records.
2.Loan type comparison:
| Loan type | Interest rate range | Maximum years | down payment ratio |
|---|---|---|---|
| business loan | 4.1%-4.9% | 30 years | 20%-30% |
| Provident Fund Loan | 3.1%-3.575% | 25 years | 20% |
| portfolio loan | 3.1%-4.9% | 30 years | 20%-30% |
3.Key points for bank approval: Focus on the income flow that needs to cover more than twice the monthly payment, and the number of credit inquiries should not exceed 6 times within half a year.
3. Preferential bank loan policies for the third quarter of 2023
| bank | Interest rate discount | Additional services | Loan time limit |
|---|---|---|---|
| ICBC | LPR-20BP | Free evaluation fee | 15 working days |
| China Construction Bank | 4.0% for first set | No penalty for early repayment | 10 working days |
| China Merchants Bank | Digital credit card deduction | Online pre-approval | 7 working days |
4. Answers to hot questions
1.About LPR adjustment: The latest LPR of more than 5 years in September 2023 was 4.2%, down 0.3% from the beginning of the year. The monthly payment of a million-dollar loan can be reduced by about 180 yuan.
2.Provident fund off-site loan: At present, 21 urban agglomerations including the Yangtze River Delta and the Pearl River Delta have achieved mutual recognition and mutual lending, and additional payment certificates are required.
3.Early repayment strategy: It is most cost-effective to repay an equal principal and interest loan in advance in the first five years. Some banks require one year of repayment before you can apply.
5. Risk warning
1. Be wary of illegal operations such as "exchanging business loans for housing loans". The China Banking and Insurance Regulatory Commission has launched special inspections.
2. The interest rate of the bank the developer cooperates with may not be the best. It is recommended to compare the plans of 3-5 banks.
3. The interest rate adjustment period must be clearly marked in the loan contract (usually January 1 of each year).
From the above structured data analysis, it can be seen that commercial housing loans require a comprehensive evaluation of interest rate policies, personal qualifications and bank services. It is recommended that home buyers pay close attention to LPR dynamics and reasonably plan repayment methods to ensure the smooth realization of their dream of settling down.
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