Loan interest is calculated at floating interest rate. After the adjustment of bank loan interest rate, the interest rate level of loan interest calculation is also adjusted. Of course, no matter how it is calculated, it has no effect on the interest paid. Will have an impact on the adjusted interest.
After the adjustment of general bank interest rate, the interest rate of the outstanding part of the loan will also be adjusted accordingly. There are three forms:
First, after the bank's interest rate is adjusted, the newly adjusted interest rate will be implemented at the beginning of the following year (ICBC, ABC and CCB are all like this);
The second is annual adjustment, that is, the new interest rate is adjusted and implemented every year of repayment (such is the case with China bank mortgage);
Third, the two sides agreed that the new interest rate level will generally be implemented in the month after the bank's interest rate adjustment.
Extended data:
Mortgage repayment: average capital, equal principal and interest, biweekly payment, etc.
Loan amount: after bank review, the value of the loan property can reach 80%.
Mortgage down payment: the first suite mortgage loan requires a down payment of 30%, and the second suite requires a down payment of 50%.
Loan life: the original housing loan life is 30 years, the second-hand housing loan life is 20 years, and the loan life plus the applicant shall not exceed 70 years old.
Loan interest rate: the benchmark interest rate for the first set of housing loans over 5 years is 6.55%, and the benchmark interest rate for the second set of housing loans is 1. 1 times, that is, 7.26%.
way
There are three ways of housing loans: bank commercial loans, provident fund loans and portfolio loans.
Guarantee fee
In order to avoid mortgage risks, general banks need to provide borrowers with the guarantee certificates of legal persons, other economic organizations or natural persons with sufficient compensation capacity. If you can find a friend or relative who is willing to provide a guarantee and has financial resources, they can issue written documents and credit certificates to the bank.
If not, you need to go to the professional guarantee company there to provide guarantee, and the fee paid at this time is the mortgage insurance premium.