On July 13, the State Council held a press conference on financial statistics for the first half of 2022. It was said at the meeting that "the growth of loans in the household sector has slowed down, indicating that the epidemic in the first half of the year still has a certain impact on household consumption."
Based on this environment, many banks cut consumer interest rates below 4%. This kind of behavior is also regarded by some people as a good time for loans.
But is this really the case? In my opinion, this is not entirely correct. Because the interest rate of consumer loans has never been lowered once, and it has been lowered before. Now it has dropped again, indicating that the previous effect may not be good.
According to the data previously released by the central bank, "on February 20th, 2002 11,the LPR of1was 3.8%, and that of 5 years and above was 4.65%. In June 2022, the LPR of 1 year dropped to 3.7%, and it dropped to 4.6% after 5 years. In May, the LPR of more than 5 years dropped to 4.45% again, and the LPR of 1 year remained unchanged. "
At the same time, the Statistical Report on Loan Investment of Financial Institutions in the First Quarter of 2022 shows that "in March this year, the interest rate of other consumer loans for new households was 7.68%, which was 67 and 465,438+0 basis points lower than that at the beginning of the year and the same period of last year, respectively."
Nowadays, affected by various factors such as epidemic situation and economic crisis, it is increasingly difficult to make money. Although the interest rate of consumer loans has dropped, we also need to consider our repayment ability.
Zhou, a financial market researcher, said: "From the trend, China is currently at the bottom of the economy and at the top of the policy. In addition, the global high inflationary pressure and the rising interest rate center mean that the downward space of the overall domestic interest rate level becomes more limited. At present, the interest rate of small loans is undoubtedly beneficial to consumers.
However, for ordinary consumers, while enjoying the convenience brought by small consumer loans, it is necessary to comprehensively consider the sustainability of personal financial leverage and avoid irrational excessive debt; At the same time, we should carefully analyze the terms of consumer loans and clearly understand consumption. "
Loans should only be made for rigid demand. If you blindly borrow money to satisfy the temporary consumption happiness, you may only harm yourself in the end.
Some friends around me quickly bought a house after seeing the mortgage interest rate cut. However, when he bought it, he didn't consider his ability to repay the loan. A mortgage of more than 5,000 yuan a month completely dragged down his family.
He borrowed a lot of money to buy a house (500 thousand down payment, 350 thousand loan), with a mortgage of 5,500 a month, but his income was only 4,800. In order to repay the loan and live, he began to borrow money from relatives and friends around him. But after a long time, not many people are willing to lend him money, thinking it is a bottomless pit.
Now he is in a dilemma. If he cuts off the loan, he will give up all his efforts. But if you want to continue to repay the loan, you can only continue to lend, "robbing Peter to pay Paul".
So, again, although lowering the interest rate of consumer loans is a good thing, it is beneficial to the public. However, whether it is suitable for you and a good time to borrow money needs to be further judged according to your own situation.