The latest mortgage interest rate in 2022: Since the central bank cut interest rates in March 2020, the benchmark interest rate currently implemented by banks is:
The interest rate for one year and below is 3.85%;
The interest rate for one year to five years (including five years) is 4.65%;
For more than five years, it is 4.65%
In 2022, banks are also implementing benchmark interest rates.
housing mortgage loan
Housing mortgage interest rates are classified by use, and mainstream interest rates are roughly divided into two categories:
1, mortgaged real estate business:
The interest rate is 0.5% lower than the benchmark interest rate according to the policies of major banks and the specific situation of borrowers.
2. Personal consumption for mortgaged property:
When the mortgaged property is used for personal consumption, the benchmark interest rate will generally rise 10%~30%.
Take the latest benchmark interest rate 202 1 issued by the central bank as an example.
The interest rate for one year and below is 3.85%;
The interest rate for one year to five years (including five years) is 4.65%;
More than five years is 4.65%.
If the real estate mortgaged by the lender is used for business operation, the loan interest rate will fluctuate by 0.5% on the benchmark interest rate according to the policies of major banks and the specific situation of the borrower.
If the lender uses the mortgaged property for personal consumption, the loan interest rate will generally rise 10%~30% on the basis of the benchmark interest rate.
What's the mortgage interest rate?
Mortgage interest rate
The mortgage interest rate is 4.35% within one year, 4.75% for one to five years, and 4.90% for more than five years.
Mortgage loan/securities loan
Mortgage loan is a kind of loan provided by the bank to ensure the safety of the loan, and the lien and pledge of the borrower's property are legally obtained through a certain contract.
Basic principles of mortgage interest rate
According to the traditional Keynesian economic thought, when considering the determinants of mortgage interest rate of single-family housing financing, market economy countries usually regard the loan interest rate as the price of funds in the capital market, and believe that the loan interest rate should mainly depend on the market supply and demand relationship of mortgage funds. There are three types of participants in the mortgage fund market: mortgage institutions, borrowers and depositors. As lenders, mortgage institutions actually play the role of intermediaries in the process of loan issuance, that is, they lend depositors' savings funds to borrowers in the form of mortgage credit, and connect depositors with borrowers.
Therefore, the borrower acts as the demand side of funds in the market, while the lender rather than the depositor acts as the supply side of funds in the market. The interest rate of mortgage loan is determined according to the capital demand and supply reflected by the borrower and the mortgage institution.
Mortgage interest rate
1. What's the mortgage interest rate?
Commercial banks will float mortgage interest rates within a certain range with reference to the benchmark interest rate set by the central bank in that year. The specific floating ratio depends on the bank applying for the mortgage loan, the purpose of the loan and the length of the loan period.
1. If it is used to operate mortgage loans, the mortgage interest rate will generally rise by 20% on the basis of the central bank's benchmark interest rate.
The annual interest rate of loans for less than one year (including one year) is 5.22%; The annual interest rate of loans for one to five years (including five years) is 5.7%; The annual interest rate of loans over five years is 5.88%.
2. If it is used for consumer mortgage, the mortgage interest rate will generally rise by 10% on the basis of the central bank's benchmark interest rate.
The annual interest rate of loans for less than one year (including one year) is 4.785%; The annual interest rate of loans for one to five years (including five years) is 5.225%; The annual interest rate of loans over five years is 5.39%.
The mortgage interest rate of each bank will be slightly adjusted according to the bank loan business, loan amount and loan cycle. Please consult the loan bank for specific interest rates and loan contents.
Second, how to check your mortgage interest rate?
1. If the online banking function is enabled on the repayment card, you can log in to the loan bank official website, and the loan management center can inquire about it.
2. Call the customer service phone of the loan bank directly to check the loan balance.
3. At that time, I went directly to the loan outlets for consultation.
If you have received the repayment schedule, you can directly see the remaining principal and interest on the schedule.
5. If the loan is handled in China Merchants Bank, please log in to China Merchants Bank's mobile banking, click "My Card", "My Loan" and "Personal Loan Inquiry", select the loan to be inquired, click the drop-down menu on the right, and then click "Loan Inquiry" and "Loan Details" to inquire about the current execution interest rate of the loan.