The bank loan interest rate is comprehensively evaluated according to the credit situation of the loan, and the loan interest rate level is determined according to the credit situation, collateral and national policy (whether it is the first suite). If all aspects are evaluated well, the mortgage interest rates implemented by different banks are different. Under the current policy, the first suite is generally calculated according to the benchmark interest rate floating 10%. After adjustment on July 7th, the interest rate over five years is 7.05%, and the monthly interest rate is 7.05%.
Monthly repayment for 220 years (240 months):
220000 * 7.05% * 1. 1/ 12 * ( 1+7.05% * 1. 1/ 12) 240/[
Description: 240 is 240 times.