How much is the loan interest with real estate license?
Generally speaking, when borrowers apply for mortgage loans with real estate licenses for consumption, the benchmark expected annualized interest rate will rise 10%-40%. Every bank is different. China Industrial and Commercial Bank, China Construction Bank, China Agricultural Bank and China Bank can all apply.
In order to avoid risks, when banks provide housing loans, they are generally strict with the housing itself and the conditions of the loans themselves. An important factor to consider is the age of the house. Usually, the construction time of mortgaged houses is less than 20 years.
Under normal circumstances, the longer the life of a house, the smaller the space for maintaining its value. Generally speaking, the lower the loan approval rate, the greater the possibility that the loan will not be approved.
If the lender is older, has poor credit or has low repayment ability, the proportion of loans available will be lower, and even loans may not be granted in serious cases.
How much is the annual interest on a 500,000 mortgage loan?
According to the official interest rate table of the six major banks, if the mortgage loan period applied by users is one year, the bank's minimum loan interest rate is the highest. Why the highest? Because the benchmark interest rate of the central bank's one-year loan is zero, most banks will rise by up to 24%.
If the user applies for a loan interest rate of 500,000 yuan, the annual interest will be 2 1.750 yuan according to the minimum standard. If calculated according to the highest standard, the annual interest is 23,500 yuan.
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