Generally, only the benchmark interest rate is fixed and set by the central bank.

On this basis, the bank's mortgage interest rate also fluctuates in a certain proportion. This fluctuation is not only affected by the policy, but also by the credit information and income of mortgage applicants, so the mortgage interest rate of each applicant is different.

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 registration and notarization of real estate mortgage 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.