The average monthly interest rate is around 0.65%.
2. What is the mortgage interest rate of the real estate license?
About 4.35%. Mortgage interest rate refers to the loan with real estate in the bank, and the loan should pay interest according to the interest rate stipulated by the bank. The mortgage interest rate in China is uniformly stipulated by the People's Bank of China, and all commercial banks can float within a certain range. The mortgage interest rate in China is not always constant, but often changes. The form is that interest rates have been rising, so we often compare the situation before and after raising interest rates.
3. How to calculate the monthly interest on mortgage repayment?
1. If equal repayment of principal and interest is selected, the calculation formula of mortgage interest of real estate license is: monthly repayment amount = [loan principal × monthly interest rate ×( 1 interest rate) total repayment period ]=[( 1 interest rate) total repayment period-1].
2. If average capital repayment is selected, the calculation formula of mortgage interest of real estate license is: monthly repayment amount = (loan principal/repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
4. What is the interest rate of rural commercial bank's real estate mortgage loan?
Legal analysis: 1. Short-term loan: within one year (including one year), the annual interest rate is 4.35%.
2. Medium and long-term loans: one to five years (including five years), with an annual interest rate of 4.75%; For more than five years, the annual interest rate is 4.90%.
Third, personal provident fund loans: less than five years (including five years), with an annual interest rate of 2.75%; For more than five years, the annual interest rate is 3.25%
Rural commercial bank loan process
1. The borrower applies for a loan from the bank, fills in the loan application form and submits relevant information specified by the bank;
2. Bank staff investigate and review the relevant information submitted;
3. Data passed, investigation passed and approval passed;
4. The bank signs a loan contract with the borrower, and implements the loan conditions and loan mortgage procedures;
5. Open a bank account and the bank issues loans;
6. The borrower shall repay the principal and interest of the loan on schedule according to the regulations of the bank, and this contract shall be terminated after the loan is paid off.
Legal basis: Article 21 of the Regulations on the Administration of RMB Interest Rate, the interest rate of medium and long-term loans (with a term of more than one year) is fixed at one year. The loan (including all the funds that should be allocated by installments within one year from the effective date of the loan contract) bears interest according to the legal loan interest rate of the corresponding grade on the effective date of the loan contract, and one year later, the interest rate of the next year is determined according to the legal loan interest rate of the corresponding grade at that time (the first loan is paid by installments). Medium and long-term loans are settled quarterly, and the 20th of the last month of each quarter is the settlement date. The interest that cannot be paid on schedule during the loan period shall be compounded quarterly according to the contract interest rate, and after loans overdue, it shall be compounded at the default interest rate.