Current location - Loan Platform Complete Network - Bank loan - What is the mortgage interest rate of 4*2?
What is the mortgage interest rate of 4*2?
This can be understood as a mortgage interest rate of 4.2%.

Mortgage interest rates are usually determined by lending banks or financial institutions according to market conditions and policy adjustments. Among the mortgage interest rates, 4*2 is a common interest rate level. This means that buyers need to pay 4.2% of the loan amount as interest every year.

Take a home buyer applying for a loan of 6,543,800 yuan as an example. If the mortgage interest rate is 4*2, then buyers need to pay 42,000 yuan of interest every year.