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In the past few days, many places in the mainland have restarted the "business-to-business" business of housing loans. On April 28, the Hebei Provincial Housing Fund Center began to formally accept the application for "business to business" business, and all employees of Hebei Province who directly paid the housing purchased by commercial loans in the four districts and high-tech zones of Shijiazhuang City can make an appointment for housing provident fund loans to replace commercial banks' personal housing loan business through the "Hebei Provincial Housing Provident Fund" WeChat applet. Shijiazhuang City has become the first city in Beijing-Tianjin-Hebei to implement the policy of "business to business".
What are the advantages of "business to business"? Mr. Liu, who worked and settled in the provincial capital, calculated that the interest rate of his first commercial loan was 4.2%, and the loan of 800,000 yuan in the form of equal principal and interest for a period of 30 years, after the "business to business", the monthly payment of the provident fund loan was reduced by about 496 yuan compared with the commercial loan, saving 5,952 yuan a year and 178,560 yuan in interest for 30 years. It can be seen that while improving the efficiency of the use of provident fund, the "business to business" reduces the monthly payment burden of high-interest rate home buyers, reduces the cost of house purchase, and can release the consumption potential of residents to a certain extent.
Some residents' mortgage expenses have decreased
On April 26, Shijiazhuang Housing Provident Fund Management Center opened an appointment channel, and on April 28, it was put into trial operation, becoming the first city in Beijing, Tianjin and Hebei to implement the "business to business" policy. There are two types of business, including "repay first and then loan" and "repay with loan".
On May 11, the Tangshan Housing Provident Fund Management Center formulated and issued the "Notice on Resuming the Replacement of Housing Provident Fund Loans with Commercial Banks' Personal Housing Loan Business", and on May 15, the business of releasing business-to-public loans was resumed in batches.
On May 20, Zhangjiakou also said that since the recent "Zhangjiakou Housing Provident Fund Loan Replacement Commercial Bank Personal Housing Loan Management Measures" was officially promulgated, the "business to business" business has begun to accept relevant applications.
After many years, why is the "business to business" restarted? Industry insiders said that the main purpose is to better meet the rigid and improved housing needs of deposited employees, so that more people have the opportunity to enjoy the dividends of the housing provident fund system and reduce the interest expenses of housing loans.
Specifically, the business handling of "business to business" is divided into two ways: "repayment before loan" and "loan repayment by loan".
In the "repay first and then loan" method, after the approval of the "business to business" transfer, the depositing employees need to self-raise funds to settle the original commercial loan first, and then the provincial housing fund center will release the housing provident fund loan funds to the applicant's personal bank account. The process is simple, the procedures are convenient, the business cycle is short, and the original commercial loan bank is not limited to the trustee bank of the provident fund center.
In the form of "loan repayment", the depositing employees do not need to raise all the funds to settle the original commercial loan, and after the approval of the "business to business" is approved, they will go through the registration procedures for subordinate mortgage. After the Provincial Housing Fund Center obtains the "Real Estate Registration Certificate" for the second mortgage, the original commercial loan bank and the borrower agree on the early repayment of the commercial loan and determine the date of disbursement. The Provincial Housing Fund Center shall disburse the loan funds to the designated account of the original commercial loan bank on the day of disbursement.
According to the staff of the loan department of the provincial housing fund center, compared with the method of "repayment before loan", the method of "loan repayment" can reduce the financing pressure of deposited employees and reduce the cost of replacement, but the process is complex, there are many links, and the business cycle is relatively long. At present, the first batch of banks supported by the Provincial Housing Fund Center to handle "loan repayment" are China Construction Bank, and will gradually expand to other cooperative banks for housing provident fund loans.
On May 26, the staff of Zhangjiakou Branch of Agricultural Bank of China answered the latest policies on the replacement of personal housing loans of commercial banks with provident fund loans for customers, and provided financial services for personal housing loan customers. Photo by Zhang Ning
Banks are following suit
The "business-to-business" has been restarted, and banks have followed suit.
Active docking. Bank of China Hebei Branch actively responded to the policy of replacing personal housing loans with commercial banks with local provident fund loans in Shijiazhuang City, fully cooperated with Shijiazhuang Housing Provident Fund Center to successfully complete the loan conversion, and included the "business to business" business into the important agenda, so as to meet the rigidity and improve the housing needs of customers, and do a good job in housing loan customer service.
Service heats up. "'Business to business' is really good, and I have paid nearly 500 yuan less interest every month, which has greatly reduced my repayment pressure." Mr. Lin from Shijiazhuang expressed his recognition of the "business-to-business" policy and the praise of BOC's business capabilities when he consulted with BOC. It is understood that Bank of China Hebei Branch actively responded to customer demands, accepted customers efficiently, warmed up services, and created a shining business card exclusive to Bank of China.
Clear the blockage. Agricultural Bank of China Hebei Branch earnestly fulfills its responsibilities and responsibilities, vigorously supports the "business to business" and reduces the economic burden of customers. The "business to business" business is related to the vital interests of our customers, and the bank has improved its position, carried out special research, special promotion and special implementation, and actively connected with the provincial housing fund center of Hebei Province in combination with its own actual situation. At the same time, we will strengthen staff training and transfer training, so as to understand the policy and understand the process, so that "more data errands and less customers walking", clear the blockages and difficulties in business handling, and lay a solid foundation for promoting the "business to business" business.
On May 27, Zuo Jige (left), director of the personal housing loan center of Bank of China Shijiazhuang Ping'an Branch, introduced the housing loan business to customers. Photo by Wang Jinghan
The impact of the "business to business" policy is geometric
As an important real estate regulation policy, the implementation of "business to business" has played a positive role in promoting the stability of the real estate market, optimizing the allocation of funds, and improving the living standards of residents.
For home buyers, the CPF loan interest rate is much lower than the business loan interest rate, which can significantly reduce the interest expense of home buyers, reduce the cost of home purchase, and thus stimulate the demand for home purchase. This increase in demand will not only help the stability of the real estate market, but also drive the development of the upstream and downstream industrial chains of real estate, such as building materials, decoration industry, furniture and household appliances, etc., and promote the overall growth of the economy.
As a long-term and stable source of funds, the provident fund can be used more to support housing consumption and meet the basic housing needs of residents through the "business-to-public" policy. At the same time, the investment of provident fund funds can also reduce the credit risk of commercial banks and promote the healthy development of the financial market. Therefore, the "business-to-business" policy helps to optimize the allocation of funds and improve the efficiency of the use of funds.
Through the "business-to-business" policy, home buyers can enjoy lower interest rates, reduce the pressure of repayment, and improve the quality of life. In addition, more families can enjoy the dividends of the provident fund policy and promote social harmony and stability. In addition, the "business-to-business" policy also helps to improve the transparency and standardization of the real estate market. With the implementation of the "business-to-business" policy, the process and conditions of provident fund loans have become clearer and more standardized, irregularities and frauds in the market have been reduced, and the overall operation of the market has become more efficient. (Hebei Daily reporter Li Xiao)
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