Hello, if you choose "equal principal and interest repayment", according to the current benchmark loan interest rate, the monthly payment is about 3272.22 yuan.

You can also try to use the current benchmark loan interest rate on major mortgage websites for monthly trial payment.

Mortgage loan, also known as house mortgage loan. Mortgage means that the buyer fills in an application for mortgage loan to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to issue loans to the buyer after passing the examination, and handle real estate mortgage registration and notarization according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.

20165438+the latest survey data of 20031October 24th shows that according to the sample data 10,1-1,32.

How much is a monthly loan of 500 thousand yuan for 20 years?

According to the latest loan interest rate table of China Bank in 2020, the annual interest rate within 6 months (including 6 months) is 4,6 months to 1 year (including 1 year) and the annual interest rate is 35%. The annual interest rate is 35%. The annual interest rate for one to three years (three to five years (including five years) is 75%, and the annual interest rate for more than five years is 4. 90 %。 The interest rate of the 20-year loan is 4.90%, and the monthly repayment of the 20-year loan of 500,000 yuan is 3,272.22 yuan.

Bank loan application process:

1. loan application: the borrower applies for a loan from the loan bank;

2. Credit rating evaluation: the bank evaluates the credit rating of the borrower;

3. Loan investigation: the bank investigates the legality, safety and profitability of the borrower;

4. Loan approval: the bank approves loans in batches and grades according to the loan management system for loan approval;

5. Signing a contract: the bank signs a loan contract with the borrower;

6. Lending: the bank lends money on schedule according to the loan contract;

7. Post-loan inspection: the bank conducts follow-up investigation to check the performance of the borrower's loan contract and the borrower's operation.

Note: The bank mainly examines two aspects of the lender: one is the lender's credit status, and the other is the lender's income status. The bank will check the credit status of the lender through the credit report of the Credit Information Center of the People's Bank of China. The bank will examine the lender's salary income, fixed assets and family background.

The 500,000 mortgage will be repaid within 20 years. How much do I have to pay back every month?

If the loan principal is 500,000 yuan and the term is 20 years, the repayment method of equal principal and interest shall be adopted according to the benchmark annual interest rate of the People's Bank of China for loans over 5 years, and the monthly payment is 3,272.22; Total repayment: 785,332.86; Total interest: 285,332.86;

Using the average capital repayment method, the monthly payment is decreasing step by step, the first phase: 4125; Subsequently, the amount of each installment will decrease in turn: 8.51; Total repayment: 746,020.83; Total interest: 246,020.83.

First home loan matters

Step 1: Preparation before loan.

Many buyers are just out of society, and the general down payment is made by their families. However, when making mortgage loans, banks will check the bank flow of buyers, so they should make a beautiful running account for themselves before buying a house.

Step 2: Don't change jobs frequently before buying a house.

Job instability can also lead to difficulties in loan approval. Therefore, in order to approve the bank loan, don't change jobs frequently before buying a house, you can work in a company first.

Step 3: Submit the true information.

The bank will strictly examine the identity of the lender. If the information is found to be false, the loan will be rejected and you can't apply again in a short time. Therefore, when applying for a bank loan, you should submit true information.

Step 4: Apply for an integer loan

Bank loans are all integer loans, so it is easier to get bank approval when applying for integer loans. Therefore, if conditions permit, it is best to choose an integer loan.

Step 5: notify the bank of personal changes.

When applying for a loan, if personal circumstances change, such as debt increase and marriage change, you should tell the bank in advance so as not to affect the loan approval.