It should be noted that the interest rate of 5.5% means that the mortgage is a commercial loan, and the commercial loan interest rate is formed by adding LPR as the pricing benchmark for the corresponding term. According to the LPR quotation: 4.65% for a term of more than 5 years, the customer can conclude that the number of base points increased by the handling bank is 85BP(5.5%-4.65%=0.85%, and one base point is equal to 0.0 1%).
Is the mortgage interest rate the same in every bank?
The interest rates offered by each bank may be different. After all, the commercial loan interest rate is based on the LPR of the corresponding term. Although the unified quotation of LPR is: 4.65% for more than five years, the basis points stipulated by banks may be different according to local policies and market conditions.
For example, in Beijing, it is stipulated that the interest rate of the first set of housing commercial loans is not lower than LPR+55 basis points, and the interest rate of the second set of housing commercial loans is not lower than LPR+ 105 basis points; In Shenzhen, it is stipulated that the interest rate of the first set of commercial housing loans should not be lower than LPR+45 basis points, and the interest rate of the second set of commercial housing loans should not be lower than LPR+95 basis points (specifically determined after approval by local branches).
If customers apply for provident fund loans, even if the entrusted banks are different, the benchmark interest rate of central bank loans will be implemented. Among the benchmark interest rates of loans announced by the People's Bank of China, the annual interest rate of provident fund loans for more than five years is 3.25% (the interest rate of two sets of provident fund loans is 1. 1 times of the benchmark interest rate).