This question is relative. If you want to pay less for the total interest, the shorter the time, the better. If the monthly repayment pressure is low, the longer the better (the longest commercial loan is 30 years). Due to the continuous depreciation of the currency, it is recommended to choose a longer term to reduce the monthly repayment pressure and avoid affecting the quality of life.
2. What is the current interest rate for home buyers' loans?
Legal analysis: the ratio of mortgage interest to bank loan is as follows: 1, the loan term is within 1 year, and the loan interest rate is 4.35%; 2. The loan term is 1-5 years, so the mortgage interest rate is 4.75%; 3. The loan term is 54.9%. Term of provident fund loan; 4. The loan term is more than 5 years and the interest rate is 3.25%.
Legal basis: Provisions of the Supreme People on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 27 After the principal and interest of the previous loan are settled, the borrower and the lender will include the interest in the principal of the latter loan and issue a new certificate of creditor's rights. If the interest rate in the early stage does not exceed four times the market quotation of the one-year loan when the contract is established, the amount specified in the reissued creditor's rights certificate can be confirmed as the loan principal in the later stage. Excess interest should not be. The sum of the principal and interest payable by the borrower after the expiration of the loan term exceeds the sum of the interest based on the initial loan principal and the whole loan term when the Contract is established.
3. What are the conditions for buying a commercial loan?
Commercial loan terms: 1. Beijing urban residents with full capacity for civil conduct, nonlocal residents with the right of abode in Beijing, overseas and foreign citizens must meet the following conditions when applying for loans: 2. Have legal residence status; 3. Have a stable occupation and income; 4. Have the ability to repay the loan principal and interest on schedule; 5. There are assets recognized by the loan bank for mortgage or pledge, or (and) there are guarantors who meet the prescribed conditions for their guarantee; 6. There is a contract or agreement for the purchase of housing; 7. When applying for a loan, there is a deposit of not less than 30% of the funds required for house purchase in CCB. If the house payment has been paid in advance to the selling unit, the original and photocopy of the payment receipt are required; 8. Other conditions stipulated by the lending bank. Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. Generally, they are short-term loans, usually 9 months, and no more than one year at most, but there are also a few medium-and long-term loans. This kind of loan is the main part of commercial bank loans, generally accounting for more than one-third of the total loans. Commercial loans, also known as individual housing loans, are commercial banks and housing savings banks approved by the People's Bank of China, which provide loans for urban residents to purchase ordinary housing for their own use and implement the statutory loan interest rate. Many commercial banks in Beijing have this business, such as CCB and ABC. The procedures for applying for loans are basically the same. Materials required for the loan: my household registration book, ID card or other valid residence certificate; Proof of occupation and income; House purchase contract or letter of intent, proof of down payment accounting for 30% of the house price and other relevant supporting materials; Other materials required by the agency of China Construction Bank. Loan procedures: 1. The handling agency of CCB or the law firm (or notary office) entrusted by CCB will investigate the information provided by the borrower. 2. The CCB agency examines and approves the borrower's application. 3. The borrower opens an account, obtains a savings card and signs a loan contract. 4. Handle mortgage, guarantee, pledge, insurance and other related guarantee procedures. 5. The loan contract takes effect and the funds are transferred to the developer's account.
Fourth, buy commercial loans.
The monthly repayment should be 1499.4 yuan.
Bank interest, 630 yuan. About this.