commercial housing loan interest rates
Commercial housing loan interest rate refers to the loan interest rate of housing loans, and its calculation formula is: loan interest = loan amount * loan interest rate * loan term = loan amount * days * daily interest rate = loan amount * months * monthly interest rate = loan amount * year * annual interest rate.
The central bank cut interest rates five times in one year, and the benchmark interest rate for commercial loans with a term of more than five years dropped from 6. 15% at the beginning of the year to 4.9% at present. This interest rate cut is rare in the interest rate policy in recent years. According to the interest rate adjustment rules of most mortgages, the benefits of interest rate cuts will take effect in the following year. In other words, from next month, most people's mortgages will be greatly reduced.
Interest will change with the adjustment of loan interest rate, but it is certainly not fixed. The adjustment of interest rate is decided by the central bank, and commercial banks will generally adjust the loan interest rate for you once a year. At present, there are two ways of housing mortgage loan, one is equal principal and interest, and the other is average capital. The former has the same monthly repayment amount, while the latter will decrease month by month.
1, short-term loan. Within one year (including one year), the interest rate is 4.35.
2. Medium and long-term loans. For one year to five years (including five years), the interest rate is 4.75. For more than five years, the interest rate is 4.90.
3. Personal housing provident fund loans. For less than five years (including five years), the interest rate is 2.75; For more than five years, the interest rate is 3.25.
Commercial loan processing flow
1. First, check personal credit information. Only when the personal credit is good can you apply for a loan. If the credit is bad, the bank will refuse to issue loans.
2. Prepare relevant materials, such as ID card, household registration book, marriage certificate, residence permit or temporary residence permit, work certificate, income certificate, bank account, etc. If the borrower is an enterprise legal person, it is also required to provide information such as business license and tax payment certificate.
3. After submitting the loan application, the bank will review the completeness and authenticity of the lender's information, which is generally 15 working days, and the longest is 1 month. If it meets the loan requirements, it can be approved.
4. Sign a house mortgage contract; Handle the transfer of property rights.
5. Bank loans. After all the loan procedures are completed, the bank will transfer the loan funds to the account of the real estate developer, and the loan relationship will be established, and the lender will repay the loan according to the regulations.
6. After the loan is issued, repay it on time, and be careful not to be overdue. Pay attention to the repayment date. In case of holidays, transfer the mortgage to the repayment card in advance to avoid overdue repayment due to holiday delay.
Through the above analysis, I believe you have a clear understanding of the interest rate of housing commercial loans and the process of handling commercial loans. In the post-epidemic era, in order to regulate the real estate market, the state adjusted the loan policy. In order to achieve a smooth purchase, buyers must pay attention to the policy direction and market trends and buy at a lower price, which can ensure that you save a lot of money.