The lower limit of the first home loan interest rate is 4. 1%.
The specific explanation is as follows:
Authorized by the People's Bank of China, the National Interbank Funding Center announced that the LPR for 1 year was 3.65%, and that for five years and above was 4.3%, both unchanged from last month. Since the interest rate cut in August, the quoted interest rate (LPR) in the loan market has remained unchanged for two consecutive months.
Since the beginning of this year, the five-year LPR has been lowered three times, with a cumulative reduction of 35 basis points. The lower limit of the first home loan interest rate has been reduced to 4. 1%, and the lower limit of the second home loan interest rate is 4.9%.
The interest rate of the first individual housing loan newly issued shall not be lower than LPR in the same period (LPR 654381October 20, 4.3% for more than five years); The interest rate of the second set of personal housing loans shall not be lower than the LPR plus 60 basis points in the same period (calculated by LPR of 4.9% for more than 5 years on 20 October 2008/KLOC-0).
According to the Notice of the People's Bank of China and the Insurance Regulatory Commission of Bank of China issued on May 15 this year, the lower limit of the interest rate of the commercial personal housing loan for the first home was adjusted to not less than the quoted interest rate in the loan market for the same period minus 20 basis points, so the lower limit of the interest rate of the first home loan in various places was 4. 1%.
What is the interest rate of individual housing loan?
Nowadays, many buyers choose mortgage loans to buy houses, so as to reduce the pressure on their own housing funds. If they want to apply for a mortgage loan to buy a house, they must pay attention to the interest rate of personal housing loans. What is the interest rate of individual housing loan? Let's take a look at Bian Xiao's introduction.
What is the interest rate of individual housing loan?
1. At present, the benchmark interest rate of commercial loans with a loan term of more than five years in China is 4.90%. Due to the policy of restricting purchases and loans, banks in different regions have different efforts to adjust the interest rate of the first home loan. According to the survey, the national average loan interest rate for the first home is 5.38%, the loan interest rate generally rises by about 5% to 20%, and the loan interest rate for the second home generally rises by 65,438+. For those who use housing provident fund loans in the same period, the benchmark loan interest rate is 3.25%, and the second home loan interest rate generally rises 10%.
2. The current loan amount is determined by the lender's family (including the lender, spouse and minor children). If the family has applied for housing provident fund loans or commercial loans to buy a house, it will be regarded as a second suite when applying for housing loans again.
3. The survey shows that from February 2065438 to February 2009, the average interest rate of the first home loan in China was 5.63%, which was equivalent to 1. 149 times of the benchmark interest rate, which was 0.53% lower than that in June. In February last year, the average interest rate of the first home loan was 5.46%, up 3. 1 1%. The average interest rate of the second home loan in China is 5.99%.
4. The latest benchmark interest rates for commercial loans are as follows:
All kinds of loans
Unit:%
six months
4.35 One year
4.35 One to three years
4.75 Three to five years
4.75 More than five years
4.905. Interest rate of the first suite of commercial mortgage (at least 30% down payment)
Unit:%
General grant interest rate
1. 1 time (5.39%)
Minimum loan interest rate
1. 1 time (5.39%)
Maximum interest rate
1.2 times (5.88%)
Note: The interest rate in this table is the benchmark interest rate for loans. At present, the interest rate of the first home commercial loan is usually 1. 1 times, and some banks have slightly lowered or raised it). Up to 70% loan (minimum down payment is 30%)
6. Interest rate of commercial mortgage second home (minimum down payment is 30%)
At present, the interest rate of the second home loan is more than 1.2 times or even higher than the benchmark interest rate. Meanwhile, the borrower's loan interest rate
It is related to the qualifications of banks and borrowers. Up to 70% loan (minimum down payment is 30%)
General grant interest rate
1.2 times (5.88%)
Minimum loan interest rate
1. 1 time (5.39%)
Maximum interest rate
1.3 times (6.37%)
7. Interest rate of provident fund loans
deadline
loan rate
Within 5 years (including 5 years)
2.75%
More than 5 years
3.25%
8. Interest rate of provident fund second home loan
deadline
benchmark interest rate
1. 1 times the benchmark interest rate
Within 5 years (including 5 years)
2.75%
3.025%
More than 5 years
3.25%
3.575%
The above is a detailed introduction about the interest rate of individual housing loan, hoping to help everyone. Because the loan amount and loan term are different, the interest rate of individual housing loan will be different. The specific interest rate of individual housing loans should be consulted with local loan banks.
What is the interest rate of commercial housing loan?
Since 20 15, 10124, the central bank's benchmark interest rate has not changed, as follows:
1, the benchmark interest rate of commercial mortgage.
(1) Within one year, the interest rate is 4.35%.
(2) The loan term is one to five years and the interest rate is 4.75%.
(3) If the loan term exceeds five years, the interest rate is 4.90%.
2. benchmark interest rate of provident fund mortgage.
(1) The loan is within 5 years, and the interest rate is 2.75%.
(2) If the loan is over 5 years, the interest rate is 3.25%.
Personal housing loan is a kind of consumer loan, which refers to the loan issued by the lender to the borrower for the purchase of ordinary housing for personal use. When a lender issues a personal housing loan, the borrower must provide a guarantee. If the borrower fails to repay the principal and interest of the loan at maturity, the lender has the right to dispose of its collateral or pledge according to law, or the guarantor shall be jointly and severally liable for repaying the principal and interest.
The loan object is a natural person with full capacity for civil conduct. The loan conditions are that urban residents use it to buy ordinary houses for their own use, have a house purchase contract or agreement, have the ability to repay the principal and interest, have good credit, and have a down payment of 30% of the funds needed for house purchase and a loan guarantee recognized by the bank.
Personal housing loans are limited to the purchase of self-occupied ordinary housing and urban residents' self-occupied housing, and may not be used to purchase luxury housing.
Personal housing loans mainly have the following three loan forms:
(1) The full name of personal housing entrusted loan is personal housing guarantee entrusted loan, which refers to the personal housing loan entrusted by the housing fund management center to commercial banks by using the housing provident fund. Housing provident fund loan is a policy personal housing loan, on the one hand, the interest rate is low;
On the other hand, it mainly provides such loans to low-and middle-income workers who pay the provident fund. However, because the interest difference between housing provident fund loans and commercial loans is above 1%, both investors and ordinary people who buy houses and live in their own homes are more inclined to choose housing provident fund loans to buy houses.
(2) Personal housing self-operated loans are loans granted to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, personal housing secured loans.
(3) Personal housing portfolio loan refers to the loan issued to the same borrower with housing provident fund deposits and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans.
Processing flow:
1. loan application: the customer fills in and submits the application form and application materials designated by CCB.
2. Pre-lending investigation and interview: CCB interviewed the borrower and conducted pre-lending investigation.
3. Loan approval: CCB conducts loan approval.
4. Signing a contract: After the customer's loan is approved, sign a loan contract with CCB.
5. Loan issuance: CCB will issue loans after meeting the requirements.
6. Customer repayment: the customer repays the loan on time as agreed.
7. loan settlement.
The introduction of the latest interest rate of commercial housing loans and how to compensate commercial housing will end here. I wonder if you have found the information you need?