Let's take the repayment of a commercial loan of 6,543,800 yuan as an example (assuming that the floating interest rate is 0 and the term is 30 years). According to the current loan interest rate of 4.9%, we need to repay 5307 yuan every month. If the benchmark interest rate of the People's Bank of China is reduced to 4.5%, the monthly principal and interest to be repaid will also be reduced to 5,067 yuan, which is less than that before the interest rate adjustment. Similarly, if the benchmark interest rate of the People's Bank of China is raised, the total principal and interest returned each month will also increase accordingly.
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If the central bank cuts interest rates by lowering the benchmark deposit and loan interest rates, then our deposit and loan interest rates will also be lowered. However, the impact on time deposits and loans is different.
1. For deposits:
For time deposits that have been deposited, the interest rate will not decrease after the central bank cuts interest rates. If it continues to be deposited or transferred after the expiration, it will be implemented at the new interest rate.
2. For loans:
If you have already borrowed a mortgage, the general loan interest rate will be lowered after the central bank cuts interest rates, and the corresponding interest will also be reduced. However, most banks began to implement the new interest rate from June 65438+ the following year 10. In other words, after the interest rate cut this year, when the loan is repaid next year 1 month, the repayment amount will be less.
Therefore, cutting interest rates can reduce the burden of life in this era of high debt. It is also great good news for the capital market.
For mortgage loans, interest mainly depends on the benchmark interest rate and the floating percentage. The benchmark interest rate is determined by the central bank, and the floating rate is determined at the time of loan and will not change.
The central bank's interest rate cut refers to lowering the benchmark interest rate, so that the interest paid by the mortgage will be reduced.
If it is RRR reduction, the bank's capital cost will be reduced in this way. When lending, the bank's floating interest rate will be smaller, for example, the original floating interest rate 10% will be changed to 5% now, which will naturally reduce the lender's interest. But for the existing mortgage, because the benchmark interest rate has not changed, the repayment amount of the mortgage will not change.
The central bank lowered interest rates;
The interest rate cut is the adjustment of the benchmark interest rate by the central bank, which is generally a multiple of 0.25. For example, the current interest rate for loans with a term of more than five years is 4.9%. If the central bank announces a rate cut of 0.25 percentage points, the adjusted loan interest rate for five years and above will be 4.65%.
Central bank RRR cuts:
The RRR cut means that the central bank adjusts the deposit reserve ratio of large banks, which means that every time banks absorb deposits, they can pay less reserves to the central bank and use more funds, so the funds in the market will be more abundant.
What is the impact of the central bank's interest rate cut on personal mortgages?
1. If the central bank announces the interest rate cut, the benchmark interest rate of all banks' loans will drop, and the new mortgage interest rate will definitely drop.
As for the previous mortgage loan, the interest rate will also drop. For example, the central bank's current mortgage interest rate for five years and above is 4.9%. If someone applies for a mortgage loan with a floating interest rate of 20% in a bank, the actual loan interest rate is 5.88%. If he borrows 1 10,000 yuan for a period of 30 years and repays the principal and interest in equal amount, then the money to be repaid every month is 59 18.57 yuan.
If the central bank announces a 0.25 percentage point interest rate cut and the benchmark interest rate for five-year and above mortgages becomes 4.65%, the previous mortgage interest rate will remain unchanged, but the reference benchmark interest rate will be adjusted. After adjustment, the real interest rate of mortgage is 4.65%* 1.2=5.58%. If your mortgage has been repaid for two years, the remaining principal is 972,000. According to the latest interest rate, the actual monthly repayment is about 50 15 yuan.
1, the interest on bank deposits becomes less.
Suppose the central bank cuts the interest rate on bank deposits by 0.25 percentage points, which means that we will get less interest on bank deposits. Assuming that RMB 6,543,800+is deposited in the bank for a fixed period of one year, if the interest rate before adjustment is 2.5%, you can get interest of RMB 2,500, while if the interest rate after adjustment is 2.25%, you can only get interest of RMB 2,250, which is less than that in 250 yuan.
2. The monthly mortgage repayment amount is reduced.
Take the central bank's interest rate cut in May 1 1, 2065438 as an example, the benchmark interest rate for commercial loans (such as five-year loans) dropped from 5.9% to 5.65%, and the interest rate for provident fund loans (such as five-year loans) dropped from 4% to 3.75%.
Suppose the loan is 300,000 yuan, which will be paid off in 20 years. If you buy a house with a commercial loan, you will repay it in the form of equal principal and interest: before the interest rate adjustment, you will repay 2 132.02 yuan per month; After interest rate adjustment, the monthly repayment is 2089438+06 yuan. The difference between the two is 42.86 yuan.
Under the same amount, the same term and the same repayment method, use the provident fund loan to buy a house: before the interest rate adjustment, the monthly repayment is 18 17.94 yuan; After interest rate adjustment, the monthly repayment is 1778.66 yuan. The difference between them is 39.28 yuan. The third point I value most is that maybe the house will drop slightly, which is good for buyers. I hope these can help everyone [smile] [smile]
Mortgage can choose to implement LPR interest rate. Then, should we continue to maintain the original loan method with fixed benchmark specified by the central bank, or choose LPR interest rate?
Let me explain the difference between these two interest rates in one sentence:
1, LPR interest rate (that is, the benchmark interest rate adjusted according to the market loan demand and capital supply and demand)
2. The former central bank designated a fixed base interest rate (the central bank directly set the benchmark interest rate).
The final interest rates of these two mortgage methods are:
Mortgage interest rate = benchmark interest rate (variable benchmark interest rate obtained by two methods)+loan discount (unchanged)
So, for people who already have mortgages, which way is more beneficial to us in the long run?
A clear answer: there is a simple and rude saying about the quoted interest rate of LPR loan market: the higher the degree of social civilization, the lower the loan interest rate; Why?
The national macro-economy needs to maintain a certain growth rate. In the later stage of development, it is difficult to stimulate economic growth by import, export and investment, and it is necessary to rely on consumption and advance consumption (capital lending), and to provide more and lower interest funds to stimulate consumption;
In February 2020, the mortgage interest rate of developed countries in the United States was nearly 10, and it remained at 3-4% for the next year; Europe and Denmark even have negative interest rates;
Decisively converted into LRP interest rate.
The full-text analysis focuses on: first, finance; /i6797373086690705933/ "Notes on mortgage: Should we choose fixed interest rate or LPR interest rate? What are the long-term benefits for us? "Read the article in detail.
When the central bank cuts interest rates, the monthly mortgage supply will also be lowered. The interest rate of commercial loans over five years will be lowered to 6. 15%, and the interest rate of provident fund loans over five years will be lowered to 4.25%. This is a gospel for friends who have already borrowed money to buy a house or intend to buy a house! If your mortgage adopts a floating interest rate contract, you can enjoy the new mortgage interest rate from next year. In other words, from next year, your monthly payment will be reduced, and the repayment pressure will be relatively reduced. If you are planning to buy a house, your mortgage interest rate will be reduced from tomorrow. Well, on September 30th, Yang Ma called on the bank to give the mortgage interest rate a 30% discount, but her sons talked too much and most of them didn't adjust the mortgage interest rate. That's great. Yang Ma directly cut interest rates, which is equivalent to giving the mortgage a 15% discount before cutting interest rates.
It is worth noting that Yang Ma's interest rate cut is an asymmetric reduction of deposit interest rate and loan interest rate. "The benchmark interest rate for one-year loans is lowered by 0.4 percentage points to 5.6%; The benchmark interest rate for one-year deposits was lowered by 0.25 percentage points to 2.75%. " The loan interest rate has been lowered even more. Therefore, interest rate cuts have a certain stimulating effect on the demand for home purchases, and the financing costs of housing enterprises have also dropped even more.
Hello, the central bank's interest rate cut means that the one-year MLF will drop by 0. 1%, which means that the LPR announced by the central bank will drop by about 10 basis points on February 20th.
MLF refers to the interest rate that the central bank lends to commercial banks and policy banks, and the mortgage is basically more than five years. This interest rate cut does not involve interest rates over five years, so the current mortgage interest rate will remain unchanged. I hope my answer is helpful to you!
1. After the interest rate cut, the cost of housing loans for residents will be reduced.
2. Buying a new house loan can be realized immediately.
3. The original loan, such as the original loan interest rate of 5%, is now lowered to 4%, so you can calculate the interest according to the loan interest rate of 4%.
4. After the interest rate cut, customer enjoyment is not real-time. The general mortgage loan contract has been written, and the new interest rate will be implemented the following year 1 month 1 day. For example, if the country cuts interest rates in a certain year 1 month, you think the repayment next month should be reduced, but it won't. In fact, it won't be reduced until the following year 1 month. And you want to reduce the amount of mortgage repayment, usually in February.
5. If the interest rate is raised, the theory is as above.
6, interest rate cuts, people who borrow money like it, depositors don't necessarily like it. Generally speaking, interest rate cuts are not only deposits and loans, but also asymmetric interest rate cuts popular in recent years, such as loan interest rate drop 1% and deposit interest rate drop by 0.5%. Every time this kind of interest rate cut, the bank's annual planned profit will be lowered a lot. . .