Unreasonable, relatively high.
The mortgage interest rates of various banks fluctuate on the benchmark interest rate of the central bank according to different situations. If the mortgage interest rate is 6.37%, it may be because the credit information is not good, so the interest rate will rise extra.
According to the regulations, the bank's loan interest rate can be adjusted up and down on the basis of the benchmark interest rate. Therefore, it is not illegal for banks to raise the loan interest rate by 30% when handling mortgages. In bank loans, the specific fluctuation range of loan interest rate is not only related to the bank's own floating regulations, but also related to the user's own loan conditions.
The better the general user's loan qualification, the lower the loan interest rate will be. If users feel that their loan floating interest rate is too high, they can choose to apply to the bank to lower the interest rate, or reduce their loan interest rate by improving their comprehensive score.
Is the mortgage interest rate 6.37% normal?
The benchmark mortgage interest rate rose by 30% from 4.9%, and the final result was 6.37%. The mortgage interest rate of 6.37 is usually the commercial loan interest rate of the second home loan, which is relatively high in the mortgage interest rate. Because the interest rate of the second-home commercial loan rises by 20%-25%, only a few customers will encounter a 30% increase, and this interest rate is higher than the commercial loan interest rate of the same grade in the same period.
Bank loan refers to an economic behavior that banks lend funds to people in need of funds at a certain interest rate according to national policies and return them within the agreed time limit.
Generally, a bank loan can only be applied if it has a guarantee, a house mortgage, a proof of income and a good personal credit.
Credit conditions
1, credit line
The credit line is the maximum amount that borrowers are allowed to borrow in the agreement signed between borrowers and banks.
2. Revolving credit agreement
Revolving credit agreement is a loan agreement that banks promise to provide enterprises with no more than a certain maximum amount according to law.
3. Compensatory balance
The compensatory balance is the minimum deposit balance that the bank requires the borrower to keep in the bank according to the loan limit or a certain proportion of the actual loan amount (generally 10% to 20%).
Mortgage, also known as house mortgage. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the notarization of real estate mortgage registration according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.
How to repay the loan more economically?
Compared with the two repayment methods, in the case of full repayment, the interest paid by "equal principal and interest repayment method" is higher than that paid by "average principal repayment method".
But not everyone should choose the "average capital repayment method" to repay the loan, but also combine their own financial situation.
For people with high salaries and diversified incomes, the "average capital repayment method" can be adopted;
If the cash strength is relatively strong, but there is no willingness to repay the loan in advance, the "average capital repayment method" can be used to repay the loan. As time goes on, the repayment of each installment will gradually decrease. Although this repayment method has great pressure on funds in the early stage, it can alleviate the pressure in the future.
If you are a civil servant, an ordinary teacher, an ordinary scientific researcher, or you have a stable job or want a simple life, it is recommended to choose the "equal principal and interest repayment method" because this repayment method has the same repayment amount in each installment, which is conducive to better arranging your life in advance.
In addition, if you want to repay the loan in advance, the interest paid is not refundable. Friends who want to repay the loan in advance should comprehensively consider the amount of principal and interest they need to repay in one lump sum, and then choose the "average principal repayment method" or "equal principal repayment method".
Is the mortgage interest rate 6.37 high? Is the mortgage interest rate of 6.37 still worthwhile?
Many people have worked hard in big cities for many years just to save some money and then buy a house in the city where they live now. House prices have been high. If you want to buy a house, most people need to go to the bank to apply for a personal housing loan. Is the mortgage interest rate 6.37 high? Is the mortgage interest rate of 6.37 still worthwhile? Let's get to know each other!
Is the mortgage interest rate 6.37 high?
Whether the mortgage interest rate of 6.37% is high or not needs to be compared with the benchmark loan interest rate. Take the benchmark loan interest rate as an example. The benchmark interest rate for five-year bank loans is 4.9%. If the mortgage interest rate applied by the borrower is 6.37%, it means that it has fluctuated by nearly 36%, which is a relatively high mortgage interest rate.
Among all loan interest rates, the provident fund loan interest rate is the lowest, and the five-year loan interest rate is 3.25%. Compared with the provident fund loan interest rate, the mortgage interest rate of 6.37% is also relatively high.
However, if buyers apply for a second home loan, the mortgage interest rate of 6.37% is not high. Generally speaking, the lowest interest rate of a bank's second home loan is 1. 1 times the benchmark interest rate. According to the loan interest rate of 4.9%, the mortgage interest rate of 6.37% is moderate.
Is the mortgage interest rate of 6.37 still worthwhile?
In fact, the level of mortgage interest rate is not uneconomical. For those who just need to buy a house, they must apply for a personal housing loan, and the mortgage interest rate is what they need to bear. If property buyers feel that the mortgage interest rate applied for is too high, they can also choose to change the loan application bank and re-apply for a mortgage.
The mortgage interest rate of each bank will be different. Some property buyers apply for a mortgage interest rate of 6.37% at Bank A, and if they change banks, they may apply for a mortgage interest rate lower than 6.37%.
Is the mortgage interest rate 6.37 high? I hope I can help you!