Bank staff said that the longer the mortgage loan time, the higher the interest rate, and many loan users choose to repay in advance, which is a waste of money for banks. Why did the bank staff say that? The original housing loan interest rate is lower than that of other banks, and loan users often ignore the time cost.
Assume that under the same conditions, the loan is 6,543,800 yuan, and the accumulated interest payable for 6,543,800 yuan+0 years is 266,900 yuan, and the accumulated interest payable for 30 years is 9,654,380 yuan+0,600 yuan. On the surface, the loan of 654.38+00 years saves about 650,000 yuan compared with the loan of 30 years, but it is actually 654.38+0.999 M2.
In other words, with the passage of time, the ratio of M2 to GDP has gradually expanded, indicating that the purchasing power of money is declining. According to the past depreciation rate of coins, the loan of 6,543,800 yuan after 30 years is equivalent to 250,000 to 300,000 yuan 30 years ago. So the longer the loan time, the better.