Many people will have a long-term and comprehensive plan when they borrow money to buy a house in Wenzhou. In the planning process, they will consider how to be more cost-effective. This is convenient to involve the expected annualized interest rate, repayment method, self-income, etc. So in view of this series of problems, I will introduce them to my friends in Wenzhou.
1. How much is it cost-effective to buy a house with a loan from Wenzhou?
Buying a house with a loan is not about borrowing as much as you want. On the one hand, borrowing less is not cost-effective. On the other hand, banks should judge how much to lend you according to personal funds and credit conditions. Therefore, you should make a general assessment of your assets and credit status before lending.
On the one hand, if the assets are in good condition and the bank has a large amount of deposits, but there are no other channels for investment and higher returns, then the interest will be less if you choose to borrow less.
On the other hand, if all the money in hand is invested in financial products such as funds and futures, and the rate of return obtained is higher than the interest of loans, then you can choose to borrow more.
Second, Wenzhou loans to buy a house, which repayment method is more cost-effective?
What suits you is the best. The most common ones are equal principal and interest and average capital.
Matching principal and interest: the income is relatively stable, and you can choose the repayment method of matching principal and interest. The monthly repayment amount is equal, which is convenient for arranging capital expenditure, but the disadvantage is that the total interest expenditure is the highest among all repayment methods.
Average capital: If you are well-off, you can consider choosing the repayment method in average capital. Although this repayment method has a high monthly payment in the initial stage and a great repayment pressure, it can save a lot of interest expenses compared with the equal principal and interest, and the monthly payment will gradually decrease in the later stage, which is conducive to arranging other investment and financial planning.
Third, Wenzhou loans to buy a house, is it cost-effective to repay the loan in advance?
The reason for repaying the loan in advance is nothing more than the expected annualized interest rate fluctuation of the bank and the change of personal income.
Taking housing portfolio loans as an example, because provident fund loans include policy subsidies, the expected annualized interest rate of loans is much lower than that of commercial loans, so it is relatively cost-effective for buyers to return commercial loans with higher expected annualized interest rates in advance.
The prepayment of banks can be roughly divided into two categories: full prepayment and partial prepayment. Repayment in full in advance is the most cost-effective method and the simplest procedure. However, borrowers should choose this method according to their own ability, and cannot disrupt other capital plans in order to pay off all bank debts in advance.
Fourth, Wenzhou loans to buy a house, more down payment or more monthly supply?
With the remaining money, you will have more initiative. Generally speaking, if there is no good investment method, it is understandable to give all the money on hand down payment, and the monthly supply is lower. However, there is no money at hand. Judging from the expected annualized interest rate, if the house transaction is 654.38+00,000, we can borrow 700,000, but the actual loan of 500,000 is enough. Then you can invest the rest of the money. Even in banks, the expected annualized interest rate is changing. Coupled with inflation and other factors, the remaining money can play a greater role in the short term.
Five, Wenzhou loans to buy a house, choose provident fund loans or commercial loans?
Provident fund loans are more cost-effective. Now provident fund loans have become the first choice for mortgages, because provident fund loans have low down payment. If it is the first home loan, the pure provident fund loan can also make a down payment of 20%. In addition, the expected annualized interest rate of provident fund loans is low, and the expected annualized interest rate of Wenzhou housing provident fund loans is less than 5 years and over 5 years.
The scale of auto loans in Wenzhou in 2022
In 2022, the scale of auto loans in Wenzhou was 358 million yuan. Compared with the beginning of 2022, it increased by1950,000 yuan and 1 1%. According to relevant information, as of June 65438+February 1 in 2022, the balance of auto loans provided by Wenzhou banking financial institutions for car buyers reached 358 million yuan. The increase was 69.2%.
Is Wenzhou bank loan fast?
Still pretty fast.
Wenzhou bank loan conditions:
I. Personal housing loan:
1. The personal credit of the borrower is good;
2. More than 30% of the borrower's own funds are used to pay the down payment for house purchase;
3. The borrower's age is above 18, and the loan time plus age is no more than 65 years old.
4. The borrower can provide a guarantee recognized by the bank.
Second, personal car loans:
1. The borrower has full capacity for civil conduct and good credit;
2. The borrower has more than 20% of its own funds for the down payment of car purchase;
3. The borrower has a stable income and the ability to repay on time.
Is it easy to apply for Wenzhou bank credit loan?
It is actually very easy to apply for Wenzhou Bank's credit card, but only if the cardholder meets the conditions for applying for Wenzhou Bank's credit card. All domestic residents who have reached the age of 18, have full capacity for civil conduct, and have legal and stable income can apply to the card issuer for the personal card master card of Jin Lu Credit Card with valid identity documents and other documents required by the card issuer. Personal card holders can apply for supplementary cards for their spouses and immediate family members, and the main card holders have the right to request cancellation and stop payment of their supplementary cards. You can apply for up to three supplementary cards for each main card.
First, Wenzhou credit loan application conditions:
1. The applicant is a natural person with full capacity for civil conduct;
2. The applicant has a stable job and income and the ability to repay the loan on schedule;
3. The applicant's credit record is good and the loan purpose is formal;
4. The applicant has a stable residence in Wenzhou;
5. Other application conditions stipulated by the bank.
Two, Wenzhou credit loan application materials:
1, the applicant must provide valid identification, including ID card, household registration book, marriage certificate and other documents;
2. The applicant must provide a stable proof of residence, which can be a real estate license, a house lease contract, a receipt for the payment of water and electricity fees and other related certificates;
3. The applicant must provide proof of a stable source of wage income. If it is a salary card, you need to provide proof of recent salary card flow;
4. Other application materials specified by the bank.
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I. Precautions for Loan Bank Card
1. Because the bound bank card bears the responsibility of repayment, you must look at the banking institution designated by the lending institution clearly to avoid the failure of withdrawal due to the wrong card binding.
2. Try to choose common cards for bank cards to avoid freezing, loss reporting, expiration, dormancy, sleep, locking and card withdrawal, which will also lead to loan withdrawal failure.
3. The bank that the lending institution cooperates with may change. If the bank card is invalid, you need to log in to the background in time to modify the bank card information.
Second, the consequences of bank loans overdue.
1, resulting in penalty interest.
The regulations of each lending institution are different. As long as it is overdue, there will be a penalty interest, that is, a certain percentage of interest will be added on the basis of the original interest. The longer the time, the higher the cost.
2. Take collection measures
If it is overdue for a long time, lending institutions will send staff to collect it, while financial institutions generally will not adopt violent collection methods, but it will also have a certain impact on personal life. It is recommended to repay as soon as possible.
3. Affect credit
As long as the lending institution accesses the credit information, it will leave a bad record after the deadline. If the circumstances are serious, it will not only be included in the list of untrustworthy people, but also affect many businesses in the future, and even be restricted from leaving the country and not being able to take planes or high-speed trains.
Wenzhou private lending rate
The interest rate of Wenzhou private lending is 14.3%. In September 2022, the Wenzhou Index released by the financial department of Wenzhou showed that the interest rate of private lending in Wenzhou in September was 14.3%, down 0.6 percentage points from the previous month. At the same time, in September, the financing transaction volume from 420 monitoring points in the city was 2.634 billion yuan, down 9.22% from the previous month.