What are the potential risks? Since the bank has promised to give you a 15% discount on interest rates, you can enjoy such a discount as long as you can make a loan here and get it done at the same time. Therefore, I don't think it is necessary if Citibank really gives you such a discount when the loan interest rates of other banks are generally rising. However, it should be noted here. When signing a loan contract, we must pay attention to the real interest rate, so as to protect our rights and interests from infringement. So today, let's discuss with you what such hidden dangers are.

First, Citibank itself.

First of all, the bad bank is not our domestic bank, but a foreign bank, so in most cases, some of her policies are different from those in China. If the mortgage interest rate of other banks generally rises, Citibank is willing to lower the interest rate for you and give you a discount. Then I think many people are still willing to borrow money here, as long as they pay attention to his real annual interest rate.

Second, how is the actual annual interest rate of the bank calculated?

In general, the annual interest rate given to you by the bank is calculated on a monthly basis. If you want to calculate the real annual interest rate, you can download a software to calculate the interest rate, or search online, or directly ask your loan account manager to help you calculate it. In general, banks are obliged to calculate the actual annual interest rate for you, which is their responsibility.

Third, what do you think of such a way to cut interest rates?

Citibank absorbs loan personnel through such preferential treatment, obviously because their work is not carried out much in China, especially in the field of mortgage. Citibank is basically at the bottom. Now other banks are attracting customers by offering discounts while raising mortgage interest rates. It is very desirable, as long as you can ensure the safety of your own funds, then I think there will still be many people willing to choose.