Because of rising house prices, many people can't pay off their house prices in one lump sum, so they choose mortgage loans to buy houses. Buying a house with a loan means spending future money to buy a house. What is the interest rate for buying a house with a bank loan? Let's take a look with Bian Xiao.
First, the bank loan interest rate.
1. At present, the interest rate of commercial loans with a loan term of more than five years is 4.9%. Due to restrictions on purchases and loans in various places, banks have different adjustments to the interest rate of the first home loan. According to the survey, the average loan interest rate of the first home in China is 5.38%, and most loan interest rates have risen by about 5% to 20%. The interest rate of second-home loans mostly rises 10% to 30%. During the same period, the interest rate of provident fund loans was 3.25%, and the interest rate of second-home loans mostly rose by about 10%.
2. The definition of the second suite is that the number of housing loan sets is determined by the family of the loan applicant (including the loan applicant, the spouse of the loan applicant and the minor children of the loan applicant). Families who have used provident fund loans or commercial loans to buy houses and apply for housing loans again are regarded as two suites.
Second, the basic knowledge of housing loans
1, calculation method of bank loan interest rate
(1) Calculated by year: generally expressed as a percentage.
The calculation formula is: interest = loan balance at the beginning of the month × monthly interest rate × months.
(2) Monthly calculation: generally indicated by a dial indicator.
The calculation formula is: interest = housing loan balance × daily interest rate × actual occupied days.
(3) Daily calculation:
The calculation formula is: daily interest rate = monthly interest rate ÷30 or annual interest rate ÷360.
2. Penalty interest on bank loans
(1) Penalty interest refers to the interest charged by the bank to urge the lender to repay when the loan applicant is overdue, so as to improve the lender's repayment enthusiasm and initiative.
(2) The penalty interest shall be calculated on a daily basis, and the daily interest rate of the loan contract shall be increased by 30% to 50%. Stop the penalty interest when repaying the loan. If the lender defaults on interest, compound interest will be calculated daily according to the interest rate of the loan contract.
So much for the basic knowledge of bank loan interest rate and housing loan. Friends must pay attention to the interest rate of bank loans when buying a house, and then apply for loans according to their own needs to ensure that their loans can be handled smoothly.
What is the interest rate of the house loan?
There are two kinds of housing loans, commercial loans and personal provident fund loans. The interest rates are as follows:
1, the benchmark annual interest rate of commercial loans: 0-6 months (inclusive), and the annual interest rate: 4.35%; 6 months-1 year (inclusive), with an annual interest rate of 4.35%; 1-3 years (including 3 years), with annual interest rate of 4.75%; 3-5 years (including 5 years), with an annual interest rate of 4.75%; 5-30 years (including 30 years), with an annual interest rate of 4.90%;
2. Benchmark interest rate of personal provident fund loans: the benchmark interest rate of short-term loans for less than five years (including five years) is 2.75%; The benchmark interest rate for long-term loans over five years is 3.25%. However, the loan interest rate should be comprehensively evaluated according to the business variety, credit status and guarantee method applied by the lender.
The process of buying a house with a loan
1, to understand the credit situation.
First of all, if you want to borrow money to buy a house, buyers must first check whether the personal credit information meets the loan conditions, and the inspection-free house is also optimistic. When they are ready to buy, they find that their credit information is unqualified and they are in a passive position.
Step 2 know the bank
Before applying for a loan, buyers can go to the bank for consultation, asking about the loan application conditions, interest rate, approval time and lending time, and then comparing them and choosing a bank with high cost performance.
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How much is the mortgage interest?
After applying for a housing loan from a bank, people usually have to pay a lot of interest. What people are more concerned about is how much interest they need to pay to repay the mortgage. Next, Bian Xiao will briefly introduce to you how much mortgage interest is generally.
1, the interest of mortgage is usually closely related to the bank loan interest rate. According to relevant national regulations, the loan term of our bank is within 1 year, and its loan interest rate is 4.35%; If our loan term is 1-5 years, then the interest rate of the mortgage is 4.75%; If our loan term exceeds 5 years, the interest rate is 4.9%. You can also choose a provident fund loan to buy a house, and its interest rate is usually lower than that of commercial loans. If the term of the provident fund loan is less than 5 years, the interest rate is 2.75%; The loan term is over 5 years and the interest rate is 3.25%.
2. Usually, the bank's mortgage interest rate will rise or fall according to the basic interest rate. Because of the influence of the 20 18 property market regulation policy, the mortgage interest rates of banks all over the country have been raised. According to the statistics of relevant institutions, the average interest rate of the first suite in China reached 5.69% from 2065438 to August 2008, including 5. 16% in Shanghai, 5.39% in Xiamen and 5.47% in Beijing. The average interest rate in Guangzhou is 5.55% and so on.
3. According to the statistics of relevant institutions, the interest rates of most banks in China rose by 15-20%. Among them, 128 banks' interest rates rose by 20%, and 28 banks' interest rates rose by 30%. The interest rates of the first suite of ABC, Bank of Communications and China Construction Bank rose by 15%, and the interest rates of the second suite rose by 20%. The interest rates of the first and second suites of ICBC and Postal Savings Bank rose by 20%.
At present, there are two repayment methods of mortgage: equal principal and interest and average principal. Interest = principal × actual days × daily interest rate or total interest = monthly repayment amount-loan months-principal. If we borrow 6,543,800 yuan, the loan term is 20 years, and the interest rate is 5.47%, and choose the repayment method of equal principal and interest, then the interest we need to repay is 646,865.60 yuan. The average capital repayment interest is 549,278.73 yuan.
Bian Xiao Abstract: What is the general mortgage interest? Bian Xiao introduces it here. I hope that after reading this article, I can provide you with reference. We can also ask the staff of the loan bank to help us calculate the interest on the mortgage.
This is the end of the introduction about how much interest is paid on loans to buy a house and how much interest is paid on loans to buy a house. I wonder if you found the information you need from it?