When you apply for a loan, you are most concerned about the interest of the loan, especially when applying for a mortgage. In view of the problem of portfolio loans that Hangzhou citizens have been very concerned about, today I will introduce how to calculate the interest of portfolio loans in Hangzhou for your reference.

How to calculate the interest of Hangzhou portfolio loan?

As we all know, Hangzhou portfolio loan consists of provident fund loan and commercial loan. Then, the interest calculation is also divided into two parts. Provident fund loans are calculated according to the loan interest rate of the provident fund center, and commercial bank loans are calculated according to the loan interest rate of commercial banks.

Interest on provident fund loans in Hangzhou portfolio loans

The loan interest rate of Hangzhou housing provident fund for less than five years is more than five years, and the loan interest rate of Hangzhou housing provident fund for the second suite rises 10%. In other words, under the two loan terms, the interest rates are 3.025% and 3.575% respectively.

Loan Interest of Commercial Bank's Portfolio Loan in Hangzhou

Because commercial banks have a certain degree of self-interest in loans, the mortgage interest rates among commercial banks will be different. However, the loan interest rates of commercial banks are all floating on the basis of the central bank's benchmark loan interest rate, and the overall difference will not be too big. The benchmark interest rate of central bank loans ranges from one year to less than one year, five years, and more than five years. Let's take an example to see how the interest of Hangzhou portfolio loan is calculated. If the first suite is purchased with a combined loan of 6,543.8+0,000 yuan, including 800,000 yuan from the provident fund and 200,000 yuan from the commercial bank, the loan period is 654.38+00 years. Then the interest is calculated every year for the provident fund loan of 800,000 yuan, and the interest is calculated every year for the commercial bank loan of 200,000 yuan.

Buying a house is essential! The most comprehensive portfolio loan application strategy in Hangzhou

With the continuous growth of housing prices, we often encounter this kind of trouble when buying a house, and the amount of provident fund loans is not enough. At this time, portfolio loans come in handy. The so-called portfolio loans are provident fund loans and commercial loans, because they involve two loan methods, so many friends are a little confused. Today, I compiled a portfolio loan application strategy in Hangzhou to see if there is any answer you want.

1, Hangzhou portfolio loan terms

To apply for portfolio loans in Hangzhou, it is necessary to meet the loan conditions of both individual housing mortgage loans and individual housing provident fund loans. It is important to note that the lender (principal lender) of the portfolio loan must be the same person.

Suppose you apply for a portfolio loan in China Construction Bank, you need to meet the commercial loan conditions of China Construction Bank and the loan conditions of Hangzhou Provident Fund.

2, Hangzhou portfolio loan application materials

Original and photocopy of ID card of borrower and spouse, original and photocopy of borrower's marriage certificate, original and photocopy of down payment certificate, household registration book, blue-printed household registration book or original and photocopy of this household registration page (temporary residence permit is provided for foreign household registration), copy of house purchase contract, and copy of fixed income certificate and provident fund card are required for portfolio loans.

3. Hangzhou portfolio loan process

Simply summarized as: apply for provident fund loans → submit housing-related materials → wait for the preliminary results and go through the formalities of commercial loans → pass the final review and sign a contract → wait for loans.

4, Hangzhou portfolio loan approval time

Under normal circumstances, it takes about two months from applying for a portfolio loan to obtaining a loan, of which the approval time is about one week. The specific time will be affected by factors such as poor application time, incomplete information and policy changes.

After the approval, you can wait for the loan. How much do you know about Hangzhou portfolio loan repayment?

5. Hangzhou portfolio loan interest rate

Commercial individual housing loans in Hangzhou portfolio loans are implemented at the interest rate of individual housing loans. The part of the provident fund loan is implemented according to the interest rate of individual housing provident fund loan.

Hangzhou provident fund loan interest rate: the interest rate of second-home loans for less than five years rises 10%.

Interest rate of commercial loans in Hangzhou: the benchmark interest rate of central bank loans is one to five years, and the interest rate of commercial loans in Hangzhou will fluctuate according to this standard.

6, Hangzhou portfolio loan down payment ratio

The down payment ratio of Hangzhou provident fund loans is 20%, and that of commercial loans is 30%. According to the higher principle of the two, Hangzhou portfolio loan requires a down payment of 30%.

What is the interest rate of housing loan in Hangzhou now?

At present, the first home loan interest rate of some banks in Hangzhou is 10%, with the lowest HSBC 8%. The interest rate of the second home loan generally fluctuates between 15%-20%. The benchmark interest rate is as follows:

The housing loan interest rates of banks in Hangzhou are as follows:

The housing interest rate of Hangzhou provident fund loan is 3.25% for the first suite and 1. 1 times for the second suite.

1. If employees' families (including the principal borrower, spouse and minor children) have no housing and no housing loan records, they will use housing provident fund loans to purchase ordinary self-occupied housing and implement the first set of housing provident fund loan policies. According to different housing types, the down payment ratio is as follows:

1. When purchasing commercial housing, the down payment ratio of the loan shall not be less than 30%, and shall not be less than the minimum down payment ratio agreed in the property cooperation agreement of the provident fund center;

2 the purchase of affordable housing, loan down payment ratio of not less than 20%;

3. If the second-hand house is purchased and the age of the house is less than 20 years (inclusive), the down payment ratio of the loan shall not be less than 30%; If the house age is more than 20 years, the down payment ratio of the loan shall not be less than 40%;

4 the purchase of public housing, the loan amount does not exceed 70% of the total house price;

5 resettlement or construction, renovation, overhaul occupied housing, the loan amount does not exceed 70% of the actual payment.

2. If the employee's family already owns a house or has no house but has a housing loan record, the second set of housing provident fund loan policy shall be implemented for purchasing ordinary self-occupied houses, with the down payment ratio of not less than 60%, and the interest rate of provident fund loan is 1. 1 times of the interest rate of the first set of housing provident fund loans in the same period;

Three, there are two or more sets of housing or outstanding housing provident fund loans under the name of the employee's family, and may not apply for housing provident fund loans.

Four, the down payment ratio should be determined according to the housing situation, price, family repayment ability and credit status. Those who apply for commercial portfolio loans or provident fund commercial discount loans must meet the relevant requirements of commercial banks at the same time.

The above contents are for reference only, I hope I can help you. Thank you for your support to Kanfangwang. I wish you a happy purchase!

So much for the introduction of Hangzhou portfolio loan interest rate.