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%. It is 75% for one to three years (three to five years (inclusive), and 4.90% for more than five years. 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: banks investigate the legitimacy, safety and profitability of borrowers;
4. Loan approval: Banks should approve loans in accordance with the loan management system of batch and grading 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 credit status of the lender, and the other is the income status of the lender. 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 review the lender's salary income, fixed assets and family background.
Note: The bank mainly examines two aspects of the lender: one is the credit status of the lender, and the other is the income status of the lender. 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 review the lender's salary income, fixed assets and family background.
Note: The bank mainly examines two aspects of the lender: one is the credit status of the lender, and the other is the income status of the lender. 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 review the lender's salary income, fixed assets and family background.
500 thousand mortgage, mortgage for 20 years, average funding method, how much is it every month?
According to the latest loan interest rate of 5.90%:
Average capital repayment method:
The total loan is 500,000 yuan.
Number of repayment months: 240 months
The repayment in the first month is 45,465,438 yuan +0.67.
Decreasing monthly: 10.24 yuan.
Total interest paid is 296,229,438 yuan +07.
Total principal and interest is 796,229.17 yuan.
How much is a monthly loan of 500 thousand for 20 years
If you are going to borrow from China Merchants Bank, the specific monthly payment depends on your loan execution interest rate, term and repayment method. You can try to make monthly payment through China Merchants Bank official website or mobile banking, and the trial results are for reference only.
Mobile banking: log in to mobile banking and click My-All-Assistant-Financial Calculator-Loan Calculator/Mortgage Calculator (Tips: you can choose different repayment methods to calculate loan principal and interest);
Home page of China Merchants Bank: After logging in to the home page of Netcom, select the personal loan calculator, a financial tool in the middle of the page, and calculate the monthly loan repayment amount.