Zhongshan Agricultural Bank of China mortgage interest rate
Among them, the Agricultural Bank of China has seen the most obvious increase. From 5.5% last month, it directly increased 40BP to 5.9%. The first set of interest rates of the four major banks has been adjusted. Starting from 5.7%, reaching this year’s point.
In terms of the second set, Agricultural Bank of China increased its price by 40BP, rising to 6.05%. Bank of China, CITIC, Rural Commercial Bank and other banks also experienced varying degrees of increase.
Zhongshan has raised interest rates for half a year in a row
Banks: Interest rates change rapidly, subject to loan timing
From the beginning of the year, banks generally have tight quotas, and by June Interest rates are generally rising, and Zhongshan mortgage interest rates have been rising for half a year.
Details of January interest rates: Loans suspended! Interest rates are rising! Mortgage interest rates of 13 banks in Zhongshan exposed!
As for the increase in interest rates this year, the staff of the Bank of China told Uncle Fang: "Mortgage interest rates have been rising in the past six months. If you decide to buy a house and need a loan as soon as possible, the interest rate at the time of loan will prevail."
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House prices
As for the loan time, Ping An Bank and China CITIC Bank said it will be about one month, and the customer service of the branches of China Construction Bank and Agricultural Bank of China said it will take about 2-3 months.
There are also some banks that have delayed lending due to lack of quota. Staff from Shanghai Pudong Development Bank said that the mortgage quota is relatively tight and the mortgage business has been temporarily suspended in the near future.
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| HSBC Reply
Unexpectedly, HSBC, which has always been close to the LPR, will also raise the mortgage interest rate next month, probably to 4.85 About %, but the access requirements are still very high.
What will be the impact of raising interest rates?
For a million-dollar mortgage, the interest will increase by about 190,000
Since this year, the Agricultural Bank of China has raised the first-time interest rate at least 4 times, from 5.05% in January to 5.9% now.
If calculated based on a loan of RMB 1 million with equal principal and interest for 30 years, after the interest rate rises, the loan interest rate will increase by approximately RMB 190,000 and the monthly payment will increase by approximately RMB 553.
Changes in monthly payments of Agricultural Bank of China
Time
First-time interest rate
Loan amount
Repayment
p>
Interest
Monthly payment for 30 years
1 month
5.05%
1 million
1.94 million
940,000
5,398 yuan
June
5.9%
1 million
p>2.13 million
1.13 million
5931 yuan
Comparison
An increase of 190,000
An increase of 553 yuan
In other words, in just half a year, the interest increased by 190,000 yuan, which is almost two years' salary of an ordinary employee.
Comprehensive and strict inspection of the source of down payment
Intermediary: both transaction and down payment must be in compliance
Since banks began to strictly inspect down payment, many netizens have inquired about real estate If the down payment is not enough, can I ask relatives and friends to borrow money to fill the gap? Or if the turnover is not enough, can there be other ways to make the turnover meet the standards?
Xiao Ma, a senior intermediary from Zhongshan Torch, said: The down payment and transaction flow must comply with the regulations. The bank checks very strictly. If it does not pass the approval, it will be very troublesome to change banks.
For example, in recent months, some netizens in the Fangshu group have had their bank applications rejected due to various reasons and have been forced to change banks.
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Some netizens reported that they had a refund from insurance to repay their mortgage, which was less than 3,000 yuan. As a result, he was suspected of using a financial loan and was checked by the bank.
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Last month, rural commercial banks also issued a special announcement prohibiting business loans and consumer loans from flowing into real estate. Otherwise, the loans will be terminated or the loans will be withdrawn early.
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In fact, major banks have begun to strictly check the source of down payments this year. During Uncle Fang’s telephone consultation, basically all banks said they would check whether the down payment includes business loans, consumer loans, transfers from non-immediate relatives, etc.
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Regarding the details of the down payment source inquiry of the four major banks, the requirements are basically the same: 80% of the down payment comes from the family’s free funds, and there cannot be other loans in the first six months of the loan. .
Uncle Fang has something to say
In addition to developers and second-hand sellers being affected by the rise in mortgage interest rates, home buyers are also very anxious.
Recently, a fan told Mr. Fang that he applied for the loan when the interest rate was low, but when the loan was issued, the bank required that the interest rate increase during the loan be based on it. Now he can only have a stalemate with the bank.
There is also a situation where after waiting for 3 months, I was informed that my loan application was not approved and I had to change banks.
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So, as the threshold for buying a house becomes higher and higher, will you choose to wait and see, or buy it as early as possible? What is the interest rate for a first-time home loan
Calculate how much it will cost to renovate your home
Although first-time home loans can enjoy some preferential policies, the interest on the loan still needs to be paid, and some My friend was focused on making money and wanted to earn enough money to buy a house as soon as possible. However, when it came time to actually buy a house, he found that many things were unclear, especially about interest rates. Next, the editor will introduce to you what is the interest rate for first home loans?
What is the interest rate for first home loans
1. In April 2018, the national average interest rate for first home loans was 5.56 %, equivalent to 1.135 times the benchmark interest rate, an increase of 0.91% from March, and the average interest rate for first home loans in April last year was 4.52%, an increase of 23.01%. It is worth noting that from January 2017 to the present, the national average interest rate for first-time home buyers has increased for 16 consecutive months.
2. Among 533 banks in 35 cities across the country, 76 bank branches (branches) have increased their first-home loan interest rates, accounting for 14.26%, and 26 bank branches (branches) have suspended acceptance. For the first-time home loan business, in April this year, the average interest rate for first-time home loans from banks was the lowest at 1.088 times the benchmark; the highest average interest rate for first-time home loans from banks was 1.196 times the benchmark; the first-time home loan interest rate from the four major state-owned banks, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank, was The average loan interest rate has exceeded the benchmark interest rate by 12%.
3. The first home loan interest rate has been raised from 4.9% of the original benchmark interest rate to 1.1 times 5.39%. If calculated based on a loan of 1 million yuan and a term of 25 years, the monthly payment will increase from 5787.8 yuan to 6075.4 yuan. . Compared with the 15% discount on interest rates before the 317 New Deal in the property market, the monthly payment has increased by 1,202.7 yuan.
Are there any discounts for first-time home loans?
Bank loan interest rates are based on a comprehensive evaluation of the loan's credit status, credit situation, collateral, national policies (whether it is a first-time home), etc. To determine the loan interest rate level, if the evaluation is good in all aspects, the mortgage interest rates implemented by different banks are different.
Editor’s conclusion: The above content is an introduction to the relevant content about what is the interest rate for a first home mortgage? I hope it can help you. I believe that after passing the above content, you will have a better understanding of what is the interest rate for a first-time mortgage loan? You can also refer to it if you need it later.
Enter the area and get a free renovation quote
Enter the area and get a free renovation quote. What is the benchmark interest rate for the first home?
The benchmark interest rate for the first home is in the form of a loan. The percentage of interest charged by a lender to an applicant when purchasing a first home. The loan interest rates of major banks are based on the central bank's benchmark interest rate, fluctuating up and down, and depending on the year of application, the interest rate of the loan will also change. The longer the loan period, the lower the interest rate. The details are:
1. The annual interest rate for loans within one year (including one year) is 4.35%.
2. The annual interest rate for loans from one to five years (including five years) is 4.75%.
3. The annual interest rate for loans over five years is 4.90%.
4. Personal housing provident fund loans
(1) 2.75% for five years or less (including five years).
(2) 3.25% for more than five years.
Commercial loans and provident fund loans are two common forms of loans currently on the market. The difference between the two:
1. The loan interest rates are different.
2. The loan ratios are different.
3. The review process is different.
4. The approval time is different.
5. Loans come from different sources.
6. The users are different.
7. The years and quotas are different.
Jiwu Real Estate Encyclopedia, more essential knowledge for buying a house. What is the first home loan interest rate now?
The first home loan interest rate has basically dropped in 2023, and is around 4.1%. There is a certain difference. .
However, relatively speaking, it is currently declining.