Second home loan interest rates
my country has implemented many relevant policies for the rapidly growing real estate industry, and has formulated policies for loans to purchase first homes, second homes, and multiple homes. Regarding the relevant interest rate standards, let’s follow the editor to learn about the second home loan interest rate.
1. Second home loan interest rate
The second home loan interest rate is generally adjusted to 1.1 times the benchmark interest rate stipulated by the price bank. For example: 1. The interest rate for a commercial loan to buy a second house for no more than 6 months is 5.6, and 1.1 times of it is 6.16. The interest rate for 6 to 12 months is 6, and the execution interest rate of 1.1 times is 6.6. The interest rate for 1 to 3 years is 6.15, and the interest rate for 1 to 3 years is 6.15. The execution interest rate of 1.1 times is 6.765. The interest rate for 3-5 years is 6.4, and the execution interest rate of 1.1 times is 7.04. The interest rate for more than 5 years is 6.55, and the execution interest rate of 1.1 times is 7.205.
2. Provident fund loan to buy a second home
If you choose a provident fund loan to buy a second home, the base interest rate for the loan within 5 years is 4, and the execution interest rate is 4.4. The benchmark interest rate for more than 5 years is 4.5, and the execution interest rate of the loan will be calculated as 4.95.
What is the role of interest rate adjustments for second and second home loans?
The main purpose of adjusting loan interest rates for second homes purchased by residents in my country is to control credit risks. Many people must think that the real estate industry Just like a big bubble, it expands rapidly and contains countless crises. It can explode and burst accidentally. At this time, purchase restrictions and adjustments to mortgage interest rates are all attempts to cool down the real estate market, neutralize and regulate the entire real estate industry. .
For example, if the interest rate of a second home loan rises by 10%, it means that the down payment ratio has also increased relatively. If you want to buy a second home, you need to pay more down payment, which to a certain extent reduces the bank's down payment. The risk of credit can also alleviate the phenomenon of excessively rapid increase in house prices, thereby reducing the willingness to speculate and allowing more people to buy houses.