Repayment method of individual housing loan 1: equal repayment of principal and interest. The equal principal and interest repayment method of individual housing loan is to add the total principal and interest of mortgage loan, and then share it equally every month during the repayment period. As a repayment, he pays a fixed amount to the bank every month, but the proportion of principal in the monthly repayment increases month by month, and the proportion of interest decreases month by month.
Advantages: less initial loan principal.
Disadvantages: there are more loan principals in the later period.
Suitable for people: people with stable income. Such as civil servants and teachers.
Calculation formula: monthly repayment amount = [loan principal × monthly interest rate ×( 1+ monthly interest rate) × total repayment period ]=[( 1+ monthly interest rate) × total repayment period-1] (representing power).
Personal housing loan repayment method 2: average capital repayment method Personal housing loan repayment method 2-average capital repayment method, with the lowest total expenditure interest. Matching principal repayment means spreading the principal every month and paying off the interest from the previous trading day to the repayment date. Compared with the matching principal and interest, the total interest cost of this repayment method is lower, but the principal and interest paid in the early stage are more, and the repayment burden is reduced month by month.
Advantages: the total interest rate is low.
Disadvantages: more principal and interest in the initial stage.
Suitable for people: people with higher income or some savings at present, but their income may decrease in the future. For example, retirement is approaching.
Calculation formula: quarterly repayment amount = loan principal ÷ number of quarters of loan term+(principal-accumulated repaid principal) × quarterly interest rate.
Personal housing loan repayment method 3: fixed interest rate repayment personal housing loan repayment method 3-fixed interest rate repayment is the best repayment method to enter the interest rate hike cycle.
"Fixed interest rate housing loan" refers to the fixed interest rate determined when signing a loan contract. During the loan contract, the borrower pays interest at a fixed interest rate no matter how the market interest rate changes, and there is no need to "go with the market".
Advantages: It is very convenient for borrowers and lenders to accurately calculate costs and benefits.
Disadvantages: the risk is high, and the interest rate may be lowered.
Suitable for people: people with fixed income or good judgment on interest rate hike expectations.
Repayment method 4 of individual housing loan: increase (decrease) repayment in equal amount, and the interval and amount of increase (decrease) repayment shall be agreed by the customer and the bank; In the initial period, the bank will calculate an initial repayment amount according to the total loan amount, term and credit rating of the customer, and the customer will repay according to a fixed amount; After that, it is the operation method of repayment by interval and the corresponding increase and decrease. Where the interval is at least 1 month.
Advantages: alleviating the lack of funds for buyers.
Disadvantages: the calculation is complicated, and there are many reasons for setting up computer programs.
Suitable for people: income is not fixed. For customers who have certain economic strength, strong repayment ability and are willing to repay more loans in the early stage of the loan, they can choose the repayment method of "equal diminishing" to reduce the total interest burden; On the contrary, for those young people who are in the initial stage of their business, customers who may have weak repayment ability at the initial stage of the loan, but their income is increasing, can consider choosing the repayment method of "equal increase".
Personal housing loan repayment method 5: repay the principal and interest on schedule. The borrower negotiates with the bank to set different repayment time units to repay the loan principal and interest. That is, decide to repay once a month, quarterly or annually. In fact, according to different financial conditions, the borrower collects the money to be repaid every month and pays it back together for several months.
Suitable for people: real estate investment customers
(The above answers were published on 20 13-04-28. Please refer to the actual situation for the current purchase policy. )
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