What is the interest rate for a home loan?
There are two loan methods for buying a house, namely commercial loans and personal provident fund loans. The interest rates are as follows:
1. Commercial loan base annual interest rate: 0-6 months ( 6 months included), annual interest rate: 4.35%; 6 months to 1 year (including 1 year), annual interest rate: 4.35%; 1-3 years (including 3 years), annual interest rate: 4.75%; 3-5 years (including 5 years), the annual interest rate: 4.75%; 5-30 years (including 30 years), the annual interest rate: 4.90%;
2. Personal provident fund loan base interest rate: less than five years, including five years The benchmark interest rate for short- and medium-term loans is 2.75%; the benchmark interest rate for long-term loans over five years is 3.25%. However, the loan interest rate must be comprehensively evaluated based on factors such as the type of business applied for by the lender, credit status, and guarantee method.
The process of buying a house with a loan
1. Understand the credit report
First of all, if you want to get a loan to buy a house, the home buyer must first check your personal credit report Whether he met the loan conditions, he was optimistic about the free house, but when he was ready to buy, he discovered that his credit score was unqualified, and he fell into a relatively passive situation.
2. Understand the bank
Before applying for a loan, home buyers can go to the bank for consultation and ask about the loan application conditions, interest rates, approval time, loan time, etc. Then compare and choose a bank that offers a good deal.
Please click to enter the picture description (maximum 18 words)
What is the interest rate for personal housing loans?
Nowadays, many house buyers choose mortgage loans to buy houses. To relieve the financial pressure of buying a house, if you want to apply for a mortgage loan to buy a house, you must pay attention to the interest rate of personal housing loans. So what is the interest rate of personal housing loans? Let’s take a look at the relevant content introduction with the editor.
What is the interest rate for personal housing loans?
1. The current benchmark interest rate for commercial loans with a loan period of more than five years in our country is 4.90%. Due to the impact of the purchase restriction and loan restriction policy, each Regional banks have different adjustments to the interest rates for first-time home loans. According to surveys, the average loan interest rate for first-time homes across the country is 5.38%. The loan interest rates generally rise by about 5% to 20%, while the loan interest rates for second-home homes generally rise by about 5% to 20%. It has risen by about 10% to 30%. If you use a housing provident fund loan during the same period, the benchmark loan interest rate is 3.25%, and the loan interest rate for second homes generally rises by 10%.
2. Currently, the number of loans is determined based on the borrower’s family (including the borrower, spouse and minor children). If a family has already applied for a housing provident fund loan or a commercial loan to buy a house, the number of loans will be determined again. When applying for a home loan, it will be considered a second home.
3. According to surveys, in February 2019, the average interest rate for first home loans in our country was 5.63%, equivalent to 1.149 times the benchmark interest rate, a decrease of 0.53% from January. The average interest rate for first home loans was 5.46% in February last year, an increase of 3.11%. The national average interest rate for second-home loans is 5.99%.
4. The latest commercial loan benchmark interest rates are as follows:
Various loans
Unit: %
Six months< /p>
4.35 one year
4.35 one to three years
4.75 three to five years
4.75 more than five years
4.905, commercial mortgage first-time home interest rate (down payment at least 30%)
Unit: %
Common approved interest rates
1.1 times (5.39%)
Lowest interest rate
1.1 times (5.39%)
Highest interest rate
1.2 times (5.88%)
Note: The interest rate in this table is the benchmark interest rate for loans. Currently, the interest rate for first-time home commercial loans is usually 1.1 times, and some banks have slightly lowered or raised it.) The maximum loan is 70% (down payment is at least 30%)
6. Commercial mortgage interest rate for second home loan (down payment is at least 30%)
Currently, the interest rate for second home loan is 1.2 times the benchmark interest rate, or even higher. The borrower's loan interest rate is also related to the bank and the borrower's qualifications.
The maximum loan is 70% (down payment is at least 30%)
Common approved interest rates
1.2 times (5.88%)
The lowest interest rate
1.1 times (5.39%)
Highest interest rate
1.3 times (6.37%)
7. Provident fund loan interest rate
Loan period< /p>
Loan interest rate
Within 5 years (inclusive)
2.75%
More than 5 years
3.25%< /p>
8. Provident Fund second home loan interest rate
Loan period
Base interest rate
1.1 times the base interest rate
5 Within the year (inclusive)
2.75%
3.025%
More than 5 years
3.25%
3.575 %
The above is a detailed introduction about the interest rate of personal housing loans. I hope it can help everyone. Since the loan amount and loan period are different, the personal housing loan interest rates will also be different. For specific personal housing loan interest rates, you should consult your local lending bank.
Housing loan interest rate
The current benchmark interest rate for commercial loans with a loan term of more than 5 years is 4.90%. Due to the impact of the restricted purchase and loan policy, banks in various regions have different adjustments to the interest rates for first home loans. The latest data shows that the national average interest rate for first-time buyers is 5.38%, and interest rates generally rise by 5% to 20%. Second-home loan interest rates generally rise by 10% to 30%.
Mortgage interest rate refers to a loan issued by a bank using real estate. The interest on the loan must be paid according to the interest rate specified by the bank. China's mortgage interest rates are uniformly stipulated by the People's Bank of China, and each commercial bank can float within a certain range when implementing it. Different banks have different floating ratios, and the same bank in different regions has different floating ratios, so the specific interest rate is subject to the actual interest rate stipulated by the bank.
Since the central bank cut interest rates in October 2015, the current benchmark interest rates implemented by banks are: 4.35% for loans of less than one year (including one year); The interest rate is 4.75% per year (including five years) and 4.90% for more than five years. In 2018, banks will also implement this benchmark interest rate.
The current benchmark interest rate for commercial loans in Lasha with a loan term of more than 5 years is 4.90%. Due to the impact of the restricted purchase and loan policy, banks in various regions have different adjustments to the interest rates for first-time home loans. The latest data shows: the national average for first-time homes The interest rate is 5.38%, and interest rates generally increase by 5%-20%. The interest rates for second-home loans generally rise by 10%-30%.
The benchmark interest rate for provident fund loans during the same period was 3.25%, and the interest rates for second home loans generally increased by 10%.
The relevant provisions of the "General Rules for Loans" stipulate that borrowers will be held liable for breach of contract:
What is the interest rate for commercial housing loans?
Since October 24, 2015, the central bank’s benchmark interest rate has not changed. The details are as follows:
1. Commercial mortgage benchmark interest rate.
(1) For loans within one year, the interest rate is 4.35%.
(2) Loans for one to five years, with an interest rate of 4.75%.
(3) For loans of more than five years, the interest rate is 4.90%.
2. Provident fund housing loan benchmark interest rate.
(1) For loans within 5 years, the interest rate is 2.75%.
(2) For loans of more than 5 years, the interest rate is 3.25%.
Personal housing loan is a kind of consumer loan, which refers to the loan issued by the lender to the borrower for the purchase of ordinary housing for self-use. When a lender issues a personal home loan, the borrower must provide a guarantee. If the borrower is unable to repay the principal and interest of the loan when due, the lender has the right to dispose of its collateral or pledged property in accordance with the law, or the guarantor shall bear joint and several liability for the repayment of the principal and interest.
Loans are intended for natural persons with full capacity for civil conduct. The loan conditions are that urban residents purchase ordinary houses for self-use and have a house purchase contract or agreement, have the ability to repay principal and interest, have good credit, have a down payment of 30% of the funds required for house purchase, and have a loan guarantee recognized by the bank, etc.
Personal housing loans can only be used to purchase ordinary houses for self-use and urban residents to repair or build self-use houses, and cannot be used to purchase luxury houses.
Personal housing loans mainly have the following three loan forms:
(1) The full name of personal housing entrusted loan is personal housing guaranteed entrusted loan, which refers to the use of housing provident funds by the housing fund management center. Personal housing loans entrusted to commercial banks. Housing provident fund loans are policy-based personal housing loans. On the one hand, they have low interest rates; on the other hand, they are mainly provided to low- and middle-income provident fund paying employees. However, since the interest rate difference between housing provident fund loans and commercial loans is more than 1%, both investors and ordinary people who buy houses for themselves are more inclined to choose housing provident fund loans to purchase houses.
(2) Personal housing self-operated loans are loans issued to individual home buyers with bank credit funds as the source. Also known as commercial personal housing loans and personal housing guaranteed loans.
(3) Personal housing portfolio loans refer to loans issued to the same borrower for the purchase of ordinary housing for self-use from housing provident fund deposits and credit funds. It is a combination of personal housing entrusted loans and self-operated loans. . In addition, there are housing savings loans and mortgage loans.
Processing process:
1. Loan application: The customer fills in and submits the application form and application materials specified by CCB.
2. Pre-loan investigation and interview: CCB interviews the borrower and conducts pre-loan investigation, etc.
3. Loan approval: China Construction Bank conducts loan approval.
4. Sign the contract: After the customer’s loan is approved, the customer signs a loan contract with CCB.
5. Loan disbursement: CCB will disburse loans after meeting the conditions.
6. Customer repayment: Customers repay on time as agreed.
7. Loan settlement.
What is the interest rate for commercial mortgages?
Buying a house is a large expense. Many people cannot afford such funds, so they can only choose to buy a house with a loan. So what is the commercial mortgage interest rate? What are the mortgage interest rates of major banks? Next, the editor will introduce the relevant content to you, let’s take a look.
What is the commercial mortgage interest rate?
The current benchmark interest rate for commercial mortgage loans with a term of more than five years is 4.90%. Affected by the purchase and loan restriction policy, banks in various regions have different adjustments to the interest rates on first-home loans. The national average interest rate for first-home loans is 5.38%, and interest rates generally rise by 5%-20%. The interest rates for second-home loans generally rise by 10%-30%. During the same period, the benchmark interest rate for provident fund loans was 3.25%, and the interest rates for second home loans generally increased by 10%.
What are the mortgage interest rates of major banks?
1. China Construction Bank: the base interest rate is 4.9%, the down payment for the first home is 30%, the base interest rate is increased by 15%, and the down payment for the second home is 40%. The base interest rate is 25%.
2. Industrial and Commercial Bank of China: The base interest rate is 4.9%, the down payment for the first home is 30%, the base interest rate is increased by 20%, the down payment for the second home is 40%, and the base interest rate is 25%.
3. Agricultural Bank of China: The base interest rate is 4.9%, the down payment for the first home is 30%, the base interest rate is increased by 15%, the down payment for the second home is 30%, and the base interest rate is 20%.
4. Bank of China: The base interest rate is 4.9%, the down payment for the first home is 30%, the base interest rate is increased by 15%, the down payment for the second home is 40%, and the base interest rate is 25%. Loans can be applied for cooperative real estate projects.
5. Bank of Jiangsu: The base interest rate is 4.9%, the down payment for the first home is 30%, the base interest rate is increased by 15%-25%, the down payment for the second home is 30%, the base interest rate is 25%, and the loan time is about two weeks. Can.
6. Postal Bank: The base interest rate is 4.9%, the down payment for the first home is 30%, the base interest rate is increased by 20%, the down payment for the second home is 40%, and the base interest rate is 30%.
7. Bank of Communications: The base interest rate is 4.9%, the down payment for the first home is 30%, the base interest rate rises by 20%, the down payment for the second home is 40%, the base interest rate is 25%-30%, and the loan time is about three months. Can.
Article summary: The above is the relevant content introduced by the editor about the commercial mortgage interest rate and the mortgage interest rate of major banks. I hope it can help some friends in need.