At present, there are basically two repayment methods for individual housing loans, one is equal repayment, and the other is equal principal repayment. Take the equal repayment method as an example. With this repayment method, the monthly repayment amount will remain unchanged throughout the repayment period, and interest accounts for most of the total monthly repayment. With the passage of time, the proportion of interest in the repayment amount will continue to decrease, while with the gradual amortization of principal, the proportion of principal in the repayment amount will continue to increase. The advantage of this repayment method is that the borrower can accurately grasp the monthly repayment amount and arrange the family's income and expenditure in a planned way. However, the interest is calculated on a daily basis according to the outstanding principal balance, and the monthly repayment amount of principal is gradually decreasing, but the speed of repayment of principal remains unchanged. It should be said that this repayment method is more suitable for individuals who have strong repayment ability at the initial stage of repayment and want to return a large amount at the initial stage of repayment to reduce interest expenses. The property has been mortgaged, but it still needs funds. Can it be mortgaged or refinanced again? Some banks, such as CCB, call it "additional mortgage", while others, such as ICBC, call it individual housing portfolio loan. The outstanding individual housing loan is 70% of the appraised price. In other words, if successful, the original property can be re-mortgaged, and a housing portfolio loan can be obtained, and the housing portfolio can be distributed to the borrower's deposit account, and the borrower can use it for family expenses such as home decoration, furniture purchase and household appliances. Of course, apply for a personal housing loan portfolio and have good credit. The borrower can apply for a loan in the original loan bank only by providing the Shanghai Real Estate Ownership Certificate of the original collateral, the certificate that the authorized person agrees to mortgage and a copy of the original personal housing loan contract. When the loan is not paid off, the property is transferred. Can the loan be transferred with it? At present, ICBC and CCB in this city are called "lending" and "refinancing". During the loan period, the borrower can transfer his own loan at the same time as the property transfer, that is, transfer all the outstanding loan principal balance to the new purchaser, as long as it can pass the approval of the loan bank. The loan transfer business solves the real estate transfer of the real estate borrower, reduces the cost of real estate transfer, relieves the pressure, and solves the borrower's worries when transferring the real estate. Recently, ICBC has expanded the scope of accepting individual housing portfolio loans, and adopted self-owned housing mortgage to industrial loans for people with property rights. The loan amount is 60% of the assessed value of the collateral, and the longest term is 20 years. The interest rate is the fixed interest rate. Personal housing portfolio loan is a new personal financing method with personal property as collateral, and the loan is issued in cash.

2. How to repay the personal second-hand housing loan of China Bank?

Introduction of repayment methods of personal second-hand housing loans of Bank of China: The main repayment methods of loan principal and interest include one-time repayment, matching principal and interest repayment, average capital repayment and decreasing (increasing) repayment. The borrower can also negotiate with the lender to choose other relatively flexible repayment methods. Among them, the one-time principal and interest repayment method is only applicable to personal second-hand housing loans with a term of 1 year (inclusive). Only one repayment method can be selected for a loan. After the signing of the Contract, the repayment method shall not be changed without the consent of the Lender. Due to differences in business in individual regions, you can enter the online customer service manual service of BOC, call the customer service hotline of BOC 95566 (please call 86 10-95566 for overseas and Hong Kong, Macao and Taiwan regions) for consultation, or contact the nearest BOC outlet for consultation. The above contents are for your reference. Please refer to the actual business regulations.

Three, personal housing loans, how to choose the repayment method when borrowing?

There are several methods: the common average capital method and the equal principal and interest method. The repayment amount in average capital is decreasing every month, and the equal principal and interest are the same repayment amount every month! The total interest average capital method is less than the equal principal and interest method. The loan is 654.38 million yuan, the repayment period is 30 years, and the principal such as interest rate 6. 14% is repaid monthly, with the repayment of 789.47 yuan in the first month and 279. 19 yuan in the 360th month. The total interest is 9236 1.85 yuan. The equal principal and interest method has a fixed monthly repayment of 608.6 yuan. Total interest 1 19098.43 yuan.