From June 2020 1, the bank loan interest rate for second-hand houses is 4.75%.
When buying a second house, the loan interest rate shall not be lower than 1. 1 times the benchmark interest rate. The benchmark interest rate is: loans within one year (inclusive), with an annual interest rate of 4.35%; For loans from one year to five years (inclusive), the annual interest rate is 4.75%; For loans of more than five years, the annual interest rate is 4.90%. The interest rate of commercial loans varies from bank to bank.
If you choose a commercial loan, you need to go to several banks for consultation and comparison. Article 4 of the Provisional Regulations on Real Estate Tax in People's Republic of China (PRC), if the property tax rate is calculated according to the residual value of the property, the tax rate is1.2%; If paid according to the rental income of real estate, the tax rate is 12%.
Extended data:
Second-hand housing bank loan interest rates are introduced as follows:
The national average interest rate of the first home loan was 5.32%, and the average interest rate of the second home loan was 5.63%, both dropping 1 1BP. The main reason is that on April 20th, the level of LPR above five years was lowered by 10bp month-on-month, and several cities subsequently lowered their mortgage interest rates, with some cities dropping by more than 10bp, resulting in a sharp drop in the national mortgage interest rate.
The five-year LPR of the national loan market was 4.65%, which was the same as that in April. The LPR interest rate has not been lowered this time, which is actually related to the relatively full and strong adjustment in April. In April, the 5-year LPR interest rate was lowered by 10 basis point, which fully reflected the orientation of further reducing the medium and long-term capital cost in the second quarter.