Benchmark interest rate of CCB loans in 2020:

1, short-term loans:

(1) Annual interest rate within one year (including one year): 4.35%.

2. Medium and long-term payment:

(1) The annual interest rate is from one year to five years (inclusive): 4.75%.

(2) Annual interest rate for more than five years: 4.90%.

3, personal housing provident fund loans:

1, annual interest rate for less than five years (including five years): 2.75%.

2. Annual interest rate for more than five years: 3.25%.

Extended data:

The calculation formula of mortgage repayment method is divided into two types:

1, calculation formula of equal principal and interest:

Calculation principle: from the beginning of monthly contribution, the bank collects the interest of the remaining principal first, and then the principal; The proportion of interest in monthly payment will decrease with the decrease of residual principal, and the proportion of principal in monthly payment will increase with the increase, but the total monthly payment will remain unchanged.

It should be pointed out that:

(1) The maximum amount of urban provident fund loans should be combined with local conditions.

(two) for residents who have borrowed money to buy a house but whose per capita area is lower than the local average, and then apply for a second set of ordinary self-occupied housing, the preferential policy of purchasing ordinary self-occupied housing with the first loan shall be implemented mutatis mutandis.

2, the average capital calculation formula:

Monthly repayment = monthly principal, monthly principal and interest

Monthly principal = principal/repayment months

Monthly principal and interest = (principal-total accumulated repayment) x monthly interest rate

Calculation principle: the amount of principal returned every month is always the same, and the interest will decrease with the decrease of the remaining principal.