The interest rate of housing loan refers to the loan that the real estate applies for in the bank, and the interest is paid according to the interest rate stipulated by financial institutions. China's housing loan interest rate is uniformly stipulated by the People's Bank of China, and all kinds of banks can float independently within a certain range. The housing loan interest rate in China is not always constant, but often changes. The form is that the interest rate has been increasing, so we often compare the situation before and after the interest rate increase.
2. What is the housing loan interest rate of housing financial institutions?
At this stage, the standard interest rate for commercial service loans with a loan term of 5 years or more is 4.90%. Due to the policy of restricting purchases and loans, the interest rate adjustment of the first set of loans of banks across the country varies. The latest report of Bank Information Port shows that the average interest rate of the first set of loans in China is 5.38%, and the interest rate is generally raised by 5%-20%. The second home loan interest rate is generally raised 10%-30%. During the same period, the standard interest rate of personal provident fund loans was 3.25%, and the interest rate of second home loans was generally raised by 10%. The definition of the second first suite is based on the frequency of housing loans between lenders (including lenders, spouses and minor children). Those who have used personal provident fund loans or commercial service loans to buy a house and apply for a mortgage again are regarded as the first suite of the second suite.
Three. New loan interest rate list
1. Reduce the standard interest rate of RMB loans for financial enterprises.
The one-year loan interest rate is lowered from the current 4.6% to 4.35%, down by 0.25 percentage point; The interest rates of other loans are adjusted accordingly.
2. Reduce the deposit interest rate of individual housing provident fund.
At the beginning, the deposit interest rate of individual housing provident fund remained unchanged at 0.35%; The savings rate of personal housing personal provident fund loans carried forward from the previous year was reduced from the current 1.35% to 1. 1%, down by 0.25 percentage point. The interest rates of individual housing and individual provident fund loans are the same.
3. Adjustment of benchmark interest rate for RMB loans of financial enterprises
(1) Short-term loan: within one year (including one year), and the adjusted interest rate is 4.35.
(2) Medium and long-term loans: the adjusted interest rate is 4.75 for one year to five years (including five years); The adjusted interest rate for more than five years is 4.90.
(3) Personal housing personal provident fund loan: the adjusted interest rate for five years and below is 2.75; The adjusted interest rate for more than five years is 3.25.
How to apply for a portfolio loan when buying a house? What are the requirements for applying for a mortgage loan? When buying a property, buyers usually consider personal provident fund loans and commercial loans to form a loan when the amount of provident fund deposit is not enough to cover their loan quota, which can minimize the pressure on buyers to buy a house.
The interest rate is based on the for-profit personal housing loan and the interest rate of personal housing loan in the loan account. And that part of the personal provident fund loan is implemented according to the personal provident fund loan interest rate of individual housing.
The needs to be met when applying for portfolio loans, and the needs to be met when applying for residential portfolio loans need to meet the amount that the house you bought can't reach, but at the same time it can't reach 80% of the total price of the house you bought. If you meet the standards, you can apply for a personal housing profit loan, but the total amount of the two loans cannot exceed 80% of the total housing price, which is the so-called portfolio loan.
The prerequisite for applying for individual housing portfolio loans in China is:
1. has a reasonable and legal identity;
2. The employee has paid the provident fund on time;
3. Employees must have a relatively stable source of income and good credit information, and have a certain ability to repay loan interest;
4. Can provide legal and effective contracts for the purchase or maintenance of houses, as well as other documents required by loan financial institutions;
5. It can pay more than 20% of the total price of the house purchased or repaired, and ensure that it can be used to pay the down payment of the house;
6. The property recognized by the loan financial institution can be pledged, or there will be a legal representative or other economic organizations or individuals as loan guarantors for horizontal repayment;
7. Must meet other borrowing standards stipulated by the local provident fund management department.
Loan Term and Repayment
At present, the longest loan term stipulated by the People's Bank of China is less than 30 years at this stage, and the specific situation is determined by the competent department of provident fund and its loan financial institutions according to the specific situation of the borrower.
Lenders need to set up a repayment deposit account in the loan bank, and deposit the monthly repayment amount before the 20th of each month. Financial institutions will deduct the interest of provident fund loans and for-profit loans respectively. If the repayment is overdue, they will make a dunning together. When the lender fails to fulfill the repayment obligation, the bank will dispose of the pledge according to law and assume obligations in proportion to the loan.
The contents of residential portfolio loans are all above, and portfolio loans have certain conditions. Naturally, when handling portfolio loans, it is best to have more provident fund loans and less commercial loans. Because the personal provident fund loan interest rate is very low, it will be more cost-effective.