However, if the customer handles personal commercial housing loans, the interest rate is formed by adding LPR (quoted interest rate in the loan market) as the pricing benchmark. Among them, the LPR quotation is: 4.65% for more than 5 years; As for the basic point, different banking regulations may be different in different regions.
However, it should be noted that the People's Bank of China has clearly determined that the minimum interest rate of the first set of housing commercial loans shall not be lower than LPR；; Concurrent; The lowest interest rate of the second set of commercial housing loans shall not be lower than LPR plus 60 basis points (one basis point is equal to 0.0 1%).
Local governments will generally make corresponding adjustments on this basis. For example, Beijing stipulates that the minimum interest rate of the first set of housing commercial loans is LPR+55 basis points; The lowest interest rate for commercial loans for second homes is LPR+ 105 basis points.
There are two main ways of mortgage repayment, one is equal principal and interest, and the other is average capital.
If the repayment method of equal principal and interest is selected, the calculation formula is: monthly repayment amount (principal+interest) = [loan principal × monthly interest rate ×( 1+ monthly interest rate )× repayment months ]⊙[( 1+ monthly interest rate )× repayment months]. Total interest = [loan principal× monthly interest rate× (1+monthly interest rate )× repayment months ]=[( 1+ monthly interest rate )× repayment months-loan principal.
If the average repayment method is selected, the calculation formula is: monthly repayment amount (principal+interest) = (loan principal ÷ repayment months)+(loan principal-accumulated repaid principal) × monthly interest rate. Monthly interest = (loan principal-accumulated principal repayment amount) × monthly interest rate.