The interest calculation formula of the loan is as follows:
1. If interest is calculated, the calculation formula of loan interest is: loan interest = principal interest rate, and loan term.
2. If the interest rate is calculated, the calculation formula of the loan interest rate is: loan interest rate = principal/interest rate loan period.
In fact, the execution interest rate of each bank will fluctuate. Please refer to the actual transaction interest rate for details.
2. Which bank has low interest on commercial loans?
Banks with low commercial loan interest rates include China Bank, China Construction Bank, Agricultural Bank and China Industrial and Commercial Bank.
202 1 The latest data shows that the mortgage interest rates of the four major state-owned banks are generally around 3.85%. For credit loans, the lowest loan interest rate is China Bank, and the current loan interest rate is 2.6%. After that, ICBC will repay the principal and interest in equal amount, with the longest installment of five years and the loan interest rate as low as 3%.
Note: The level of loan interest is also related to the lender's personal comprehensive qualification, loan business type, loan amount, repayment method, loan term and other factors.
Second, how to get the lowest loan interest?
1, amount ≤3W:
This general suggestion is to cash in with a credit card, use Alipay's flowers, borrow them, and so on. Used for loans, and the general interest rate is relatively low, easy to use.
2. Amount ≤ 10W:
The secured loan is good. Looking for a guarantor, maybe in my hometown rural credit cooperative. Credit companies require to work for more than half a year, or have a business license for one year, but the self-employed who just started can't get it.
3. Amount ≤50W
500 thousand, depending on how many years you want to pay back. It can be one year, two years, three years, five years. If there is collateral, it is recommended to apply for a mortgage loan, and the interest rate of the mortgage loan will be lower than that of the credit loan. According to the purpose of the loan, it can be regarded as a consumer loan, and the interest rate rises by more than 30% on the basis of the benchmark interest rate. Of course, if you have acquaintances, you can have fewer. The repayment method can be equal principal and interest, with monthly interest paid every year or at maturity. Banks generally like the repayment method of equal principal and interest. In view of the actual situation, it is recommended to apply for mortgage consumer loans, and the interest rate and repayment method can be negotiated with the bank.
4. Amount ≥100 w.
This is not easy to borrow
How much is the mortgage interest of real estate license?
Generally, the interest rate of mortgage loans from banks with real estate licenses is around 4.35%. According to different houses and lenders, the interest rate of mortgage loans will be different, subject to the actual lending rate.
Real estate license to apply for mortgage loan needs to meet the following conditions:
(1) China citizen with legal status, aged 18-65 years old (inclusive), with full capacity for civil conduct;
(2) Have a stable economic income, the ability to repay the principal and interest of the loan, and no bad credit record;
(3) There are legal and effective collateral certification materials; (such as real estate license, land certificate, etc. )
(4) Housing mortgage loan has been purchased and handled, the original housing mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the mortgaged house has obtained the property ownership certificate, and the age of the house is within 10 years;
(5) Being able to provide effective guarantee recognized by the lending bank;
(6) Other conditions stipulated by the lending bank.
Generally, the interest rate of mortgage loans from banks with real estate licenses is around 4.35%. According to different houses and lenders, the interest rate of mortgage loans will be different, subject to the actual lending rate.
Real estate license to apply for mortgage loan needs to meet the following conditions:
(1) China citizen with legal status, aged 18-65 years old (inclusive), with full capacity for civil conduct;
(2) Have a stable economic income, the ability to repay the principal and interest of the loan, and no bad credit record;
(3) There are legal and effective collateral certification materials; (such as real estate license, land certificate, etc. )
(4) Housing mortgage loan has been purchased and handled, the original housing mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the mortgaged house has obtained the property ownership certificate, and the age of the house is within 10 years;
(5) Being able to provide effective guarantee recognized by the lending bank;
(6) Other conditions stipulated by the lending bank.
How much is the mortgage interest?
Many people choose to borrow money to buy a house, and property mortgage is the most commonly used loan method. So what's the interest on the mortgage? How to choose the right bank loan? Next, Bian Xiao will introduce relevant contents to you. Let's have a look.
How much is the mortgage interest?
The mortgage interest of each bank will be different, and the interest rate is floating on the basis of the benchmark interest rate. At present, the benchmark annual interest rate of banks is 4.35% for less than one year (including one year), 4.75% for one to five years (including five years) and 4.90% for more than five years. We take China Merchants Bank and China Bank as examples:
1. The housing loan amount of China Merchants Bank is calculated at 70% of the appraised housing price, and the loan period cannot exceed 30 years. The general loan interest rate only rises 10% on the basis of the benchmark interest rate of the central bank in the same period.
2. The mortgage loan of China Bank is only for houses with the age below 15 and the house area above 85 square meters. The loan amount is related to the age of the house. Generally, a house of five to ten years old is 50% of the appraised price, and the loan interest rate is the benchmark interest rate of the central bank during the same period. If the ten-year loan term is taken as an example, the interest rate is 7.83%.
How to choose the right bank loan
1 First, compare the loan conditions of various banks. When the house is mortgaged, the bank should not only look at whether the house is qualified, but also review the borrower's credit status and personal income.
2. Compare the loan interest rates of various banks. The risk of mortgage loan will be lower than that of credit loan, because there is a house as collateral protection. However, the mortgage interest rate of each bank is different, so borrowers should compare the loan interest rates of various banks and choose the bank with lower interest rate.
Summary: The above is the related content of mortgage interest and how to choose the right bank loan introduced by Bian Xiao, hoping to provide reference for friends in need.
How much is the interest on the mortgage?
The latest mortgage interest rate in 2022: Since the central bank cut interest rates in March 2020, the benchmark interest rate currently implemented by banks is:
The interest rate for one year and below is 3.85%;
The interest rate for one year to five years (including five years) is 4.65%;
For more than five years, it is 4.65%
In 2022, banks are also implementing benchmark interest rates.
housing mortgage loan
Housing mortgage interest rates are classified by use, and the mainstream ones are roughly divided into two categories:
1, mortgaged real estate business:
The interest rate is 0.5% lower than the benchmark interest rate according to the policies of major banks and the specific situation of borrowers.
2. Personal consumption for the purpose of mortgaged property:
When the mortgaged property is used for personal consumption, the benchmark interest rate will generally rise 10%~30%.
Take the benchmark interest rate 202 1 released by the central bank as an example.
The interest rate for one year and below is 3.85%;
The interest rate for one year to five years (including five years) is 4.65%;
More than five years is 4.65%.
If the property mortgaged by the lender is used for business, the loan interest rate will fluctuate by 0.5% on the benchmark interest rate according to the policies of major banks and the specific situation of the borrower.
If the lender uses the mortgaged property for personal consumption, the loan interest rate will generally rise 10%~30% on the basis of the benchmark interest rate.
How much is the interest of mortgage loan with real estate license?
① 6. 10% short-term loans for more than six months (inclusive);
② 6.56% from half a year to one year (inclusive);
③ 6.65% for one to three years (inclusive);
④ Three to five years (inclusive) 6.90%;
⑤ 7-year loan interest rate with a maturity of more than 5 years.
Difference between housing mortgage loan and housing mortgage loan
1. Cost variance: mainly in interest rate. For mortgage loans, it is commercial loans, also known as personal housing loans. Mortgage loan refers to the loan that the borrower obtains from the bank with certain collateral as guarantee. The interest rate is the benchmark interest rate stipulated by the People's Bank of China. In the past, there was a discount for buying a house at the mortgage interest rate. Because the policy is tight and the quota is limited, the interest rate rises instead of falling. However, the increase of mortgage is lower than that of mortgage.
2. Different subjects of legal relationship: in a mortgage relationship, if the debtor is the mortgagor, there are only two subjects of legal relationship, namely the mortgagee and the mortgagor. In the mortgage relationship, there should be at least three legal subjects, namely the mortgagor (bank), the mortgagor (buyer) and the third party (original owner).
3. Different preconditions: the borrower needs to apply for a mortgage loan from the bank, which is a loan obtained from the bank with certain collateral. Mortgage loans can be used to buy houses or for other purposes. However, mortgage loan is a personal housing loan business in which the purchaser takes the purchased house as collateral and the real estate enterprise of the purchased house provides phased guarantee, but it can only be used for buying a house.
Mortgaged and unsecured
1. From the nature of the loan, it is a credit loan, and the mortgage loan is a guarantee (or guarantee) loan;
Second, in terms of loan interest rate, the interest rate will be much higher than the mortgage interest rate. The general interest rate will be 2-3 times that of the mortgage.
Third, the loan period is relatively short, generally not more than three years. The mortgage period can be long or short, and one year can be as long as 20 years. The repayment pressure is small.
Four. Judging from the loan amount: the amount is generally small, and it is judged according to the lender's salary, running water and liabilities. So as to determine the loan amount.
Mortgage loan mainly determines the loan amount according to the value of collateral. If the loan amount is relatively large, the repayment ability of the lender should also be considered.
5. In terms of loan issuance time, the approval time is short, and the loan can be obtained in 3-5 days; It takes 2-3 weeks from the approval-mortgage registration to the issuance of mortgage loans.