Generally, the loan interest rate of apartments will rise by 5%-30%, and different banks will examine and approve according to the credit status of loan applicants. Because the loan period of the apartment cannot exceed 10 years, the benchmark interest rate of the central bank's commercial loan is 4.9%.
40-year property apartment loan interest rate
The interest rate of apartment loan depends on the regulations of the lending bank, and the interest rate of different business types will be different; Moreover, the loan interest rate will also depend on the lender's credit status, guarantee methods and other factors. It also depends on whether the apartment is commercial or residential. If it is business, the loan interest rate will rise by 25%.
At present, the benchmark loan interest rate of the central bank is 0-6 months annual interest rate: 4.35%; 6 months-1 annual interest rate: 4.35%; Annual interest rate1-3: 4.75%; 3-5 years (annual interest rate: 4.75%; Annual interest rate for 5-30 years: 4.90%.
What should I pay attention to when buying an apartment?
1. Define the purchase purpose:
If it is an investment, it is recommended to choose a business apartment. Compared with office buildings, this kind of apartment has lower rent and is more popular with small enterprises. In addition, the matching of houses, whether the security system is perfect and whether the surrounding traffic network is intact are also factors that investors can't ignore when considering the project.
2, pay attention to the housing property rights:
According to the relevant regulations, the nature of the right to use the house is consistent with the right to use the land, and the nature of the commercial house is only residential land, commercial land and industrial land. Buyers only need to check the land use column in the land use certificate of the property, and it is clear at a glance whether it is residential or commercial.
3, pay attention to the housing area:
In terms of region, it is suggested to choose a region with superior location, convenient transportation and mature commercial facilities. The size of the housing area should be appropriate, and the small apartment for rent should be as small as possible. It is not advisable to choose a house that is too big. It is best to rent a house of about 50-80 square meters, and the rental price is reasonable.
4. Investigate the community:
As a means of investment, the less investment, the better. Therefore, the decoration standard of the house should not be too high. If it is too high, the number of tenants will be significantly reduced, the opportunities for renting houses will be greatly reduced, and the risk of vacancy will be greatly enhanced. This includes two aspects: one is to see whether the self-owned functional facilities of the community can meet the living needs, and the other is to see whether there are basic facilities and beautiful environment such as parks around the community.
What's the interest rate for the apartment loan?
What's the interest rate for the apartment loan?
The loan interest rate of the apartment is determined according to the LPR interest rate of the central bank during the same period. The loan interest rate will change with the different property rights purchased by the borrower. If you buy a 70-year-old property apartment, the loan interest rate will generally be slightly lower. If you buy an apartment with 40 years of small property rights, the loan interest rate will be slightly higher.
Generally speaking, if it is a commercial apartment, the loan interest rate will be 25% higher than that of a residential apartment. Suppose the bank's five-year loan interest rate is 4.9%, and the commercial apartment fluctuates by 25% on the basis of 4.9%, which is 6. 1%.
When the borrower applies for a loan line of 500,000 yuan, the principal and interest are calculated according to the loan interest rate of 6. 1%, and the total interest for one year is 30,500 yuan. If divided into ten years, the total loan interest will reach 305,000 yuan.
Need to remind everyone that if it is a commercial apartment, such as loft apartment, the longest staging time is 10 year. If it is a residential apartment, the longest installment period is still 30 years. The minimum down payment for residential apartments is 30%, and that for commercial apartments is 50%.
If the borrower needs to take his apartment to the bank for mortgage in exchange for funds, if it is a commercial apartment, the bank will basically not accept it.