What is the provident fund loan interest rate for the first housing in Beijing in 2009?
The provident fund loan interest rate for the first housing in Beijing in 2009 is 3.25, the mortgage period is 20 years, the mortgage period is 30 years, the mortgage If the term exceeds 20 years, the mortgage interest rate will increase by 0.5 for every additional year. You can choose a suitable mortgage term based on your actual situation to obtain a lower mortgage interest rate.
House Purchase Loan Chapter of Beijing Newcomer's Guide to House Buying
Housing Loan Chapter of Beijing House Buying Guide will give you a detailed explanation of commercial loans, provident fund loans and calculations
2. Loans Buying a house: loan ratio, interest rate, upper limit, calculation
1. Information required for loan to buy a house
(1) Original ID card
(2) Household register (If you have a collective household registration in Beijing, you need a copy of the first page of the collective household registration booklet and a stamp; a copy of the personal page)
(3) Residence permit or electronic residence card
(4) Name of the person buying the house Apply for a bank card
(5) Proof of income, with template attached
(6) Bank statement
2. Loan period: up to 25 years in Beijing. Determined based on the age of the building and the age of the home buyer. Generally speaking:
(1) Loan period and house age <70 years old
(2) Loan period and borrower’s age <70 years old
(3) Different There will be some differences in the age of banks and different building structures.
If the borrower is old, you may consider relay loan.
Relay loan: Parents are the borrowers, and the children are the guarantors to apply for a loan from the bank. The number of loan packages of the borrower and his wife is assessed, and the children are not included in the number of loans. Vice versa.
3. The down payment ratio is 35%-80%, and the second-hand house price is based on the bank appraisal
Ps: The calculation of the down payment is to calculate the loan amount first, and then the down payment = total price - loan amount .
For example, if you are eligible to buy a new house of RMB 4.65 million within the Fifth Ring Road for the first time, the down payment is 35%, the loan ratio is 65% × 465w = 302.25w, rounded up, the loanable amount is 3.02 million. The down payment is 465-302=163w.
For second-hand house loan calculations, the loan amount is calculated based on the bank’s appraisal price. Generally, the assessed price is 90% of the market price, which can fluctuate up or down. In some remote areas and old houses, it will be lower than 90%.
For example, if you are eligible to buy a second-hand house in the Fifth Ring Road in 2000 with a total price of 465w, the bank’s appraisal price is about 418w, the loan ratio is 65% × 418w = 271.1w, the loan is rounded up to 271w, and the down payment is 271w. :465-271=194w, more than 40%.
4. Commercial loans and provident fund loans
4.1 Commercial loans
Commercial loan interest rate: LPR base point interest rate is implemented. The first set adds 55 basis points, and the second set adds 105 basis points. The monthly interest rate is announced on the 20th of each month. In September, the first home is 4.650.55 = 5.2%, and the second home is 4.651.05 = 5.7%.
Ordinary residential certification: the following 3 conditions must be met at the same time
(1) Building area ≤ 140_ (except for public housing)
(2) Building floor area ratio of the community ≥ 1
(3) The unit price and total price of the surrounding houses are at least One is below the standard
Loan term: up to 25 years.
① Banks can do it if the house is less than 40 years old. Only some banks can provide full loans if the house is over 40 years old, with normal interest rates.
② Or a high-value school district zoned house, the lender's qualifications are also good, and the loan can be 25 years with special approval.
4.2 Provident Fund Loan
(1) Provident Fund loan interest rate: 3.25% for the first set, 10% increase for the second set
(2) Provident Fund loan period: below All restrictions are considered at the same time, and the lower value is taken
(3) Provident fund loan amount: the upper limit of the first house is 120w, and the upper limit of the second house is 60w
① Dongxicheng household registration, buying outside the six districts of the city For the first home, the loan limit can be increased by 200,000 yuan;
② If the household registration is in the sixth district of the city, if the first home is purchased outside the city's six districts, the loan limit can be increased by 100,000 yuan;
If it meets the requirements of the second home loan policy, the loan amount is 600,000 yuan.
Personal provident fund loan limit:
Municipal provident fund: You can borrow 100,000 yuan for each year of payment. If the payment period is less than 1 full year, it will be calculated as 1 full year. Loan 1.2 million. If you are married, whoever has a longer deposit period and a higher amount will be entitled to it.
Married loan amount = (individual deposit amount ÷ deposit ratio - 1540 × 2) × 0.6 ÷ average monthly repayment amount of the corresponding period
(5) Beijing Housing Provident Fund Category ：Municipal Provident Fund, State-managed Provident Fund and Central Provident Fund
① Beijing Municipal Provident Fund (including all districts and counties) Housing Provident Fund Management Center where the municipal provident fund is deposited, unit registration number starting with 110
②The deposit place of the state-managed provident fund is the Housing Fund Management Center of the central government agency, and the unit registration number starts with 512 or 502
③The deposit place of the provident fund is the Housing Fund Management Center of the central government agency Center Beijing Housing Provident Fund Management Center Central Branch Center
(6) Provident fund loan application conditions
Municipal and state-managed provident fund loan conditions:
① Provident fund account The account has been opened for more than 6 months, and full deposits must be made continuously for 6 months starting from the date of application.
②The account is currently in deposit status and has not been stopped. (In the case of state management, with the approval of the Housing Fund Management Center of the central government, employees who are in the state of cache, sealing or retirement account cancellation can apply for loans)
③The applicant's family has no unpaid loans. Provident fund loans and provident fund subsidized loans.
Zhongzhi provident fund loan conditions:
Starting from the loan application date, full payment must be made continuously for 12 months forward.
① It is currently in deposit status and has not been stopped.
② The applicant and his wife have no outstanding housing provident fund personal housing loans and policy discount loans
(7) Portfolio loan
Municipal provident fund portfolio Loan: The interest rate is determined by each. The provident fund part is managed by the same city as the provident fund, the commercial loan part is the same as the commercial loan part, and the conflicting parts are implemented separately according to the strictest interest rate.
Total loan amount = provident fund loan amount and commercial loan amount
For a couple, one is managed by the municipal government and the other is managed by the state. If the municipal management does not have enough loans, they can use the provident fund to assist in the combined calculation.
State-managed provident fund portfolio loan: In principle, the provident fund part is the same as the customs provident fund, the commercial loan part is the same as the commercial loan, and the conflicting part is the most stringent.
Ps: The state-managed provident fund portfolio loan requires that the actual loan amount must be consistent with the loan amount signed online.
The longest housing loan in Beijing has been reduced to 25 years, and the monthly loan payment of RMB 3 million has increased by more than 1,400 yuan.
After the "9·30 New Deal", Beijing ushered in the property market again on March 17 Increased regulation. The Municipal Housing and Construction Commission, in conjunction with the Operations and Management Department of the People's Bank of China, the Beijing Banking Regulatory Bureau, and the Beijing Housing Provident Fund Management Center, announced that the "Notice on Improving Commercial Housing Sales and Differentiated Credit Policies" will be implemented from today.
What is different from the past rounds of regulation is that on March 17, for the first time, the maximum loan period for personal mortgage loans was limited in the form of policy. The new policy stipulates that the issuance of personal housing loans (including housing provident fund loans) with a loan term of more than 25 years (excluding 25 years) is suspended.
In other words, whether an individual is buying a first or second home, or applying for a commercial loan or a provident fund loan, the maximum number of years has been shortened from the past 30 years to 25 years.
Previously, only some commercial banks independently implemented the 25-year loan period requirement for second-home buyers. From today on, 25 years will become a "one-size-fits-all" unified requirement.
Based on a loan of 3 million yuan and equal principal and interest repayments, the monthly payment for a 30-year loan is 15,921.8 yuan, and the total interest is approximately 2.732 million yuan. After the loan term is shortened to 25 years, the monthly payment will be 17,363.3 yuan, and the total interest will be approximately 2.21 million yuan. Although the interest is less, the monthly payment has increased by 1,441.5 yuan.
It is worth mentioning that in order to combat attempts to purchase houses in the name of a company to take advantage of the purchase restriction policy, speculate in real estate, etc., the new policy also clarifies that the purchased commercial housing must be listed for trading for three years or more. If the transaction object is an individual, the city’s purchase restriction policy will be followed.
How long is the loan term for a first home in Beijing?
Buying a house with a loan in Beijing can be divided into two situations, one is a new house loan, and the other is a second-hand house loan. When applying for a home loan, in principle, the maximum loan term is no more than 30 years, and the personal down payment ratio is generally required to be 30 and above, that is, the maximum loan amount shall not exceed 70% of the value of the property being purchased;
For second-hand housing loans, the maximum loan period is no more than 30 years. In addition, there are also requirements for the age of the house, which generally does not exceed 20 years. And the age of the mortgaged property before the loan does not exceed 40 years.
Loan means that banks, credit unions and other institutions lend money to units or individuals who use the money, and generally stipulate interest and repayment dates. Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts. Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
Interest rate: The ratio of interest to the total amount of loan funds within a certain period, which is an expression of the loan price. That is: interest rate = interest amount/loan principal
Interest rate is divided into daily interest rate, monthly interest rate and annual interest rate.
The lender determines the loan interest rate with the lending bank based on the benchmark interest rate and interest rate floating space announced by relevant laws and regulations of various countries.
Benchmark interest rate
The benchmark interest rate is a universal reference rate in the financial market. Other interest rate levels or financial asset prices can be determined based on this benchmark interest rate level. Benchmark interest rate is one of the important prerequisites for interest rate marketization. Under the conditions of interest rate marketization, financiers measure financing costs, investors calculate investment returns, and management regulates the macro economy.
Objectively, it requires a generally recognized benchmark interest rate level as a reference. Therefore, in a sense, the benchmark interest rate is the core of the interest rate marketization mechanism. To put it simply, if you usually deposit money in the bank, it will give you interest. The larger the base interest rate, the more interest; the smaller the base interest rate, the smaller the interest.
Equal repayment of principal and interest: that is, the sum of principal and interest of the loan is repaid in equal monthly installments. Housing provident fund loans and commercial personal housing loans from most banks adopt this method. In this way, the monthly repayment amount is the same;
Equal principal repayment: that is, the borrower will evenly distribute the loan amount to repay each period (month) during the entire repayment period, and at the same time pay off the previous period. A repayment method for loan interest from the transaction date to the current repayment date. In this way, the monthly repayment amount decreases month by month;
Monthly payment of interest and principal repayment on maturity: that is, the borrower repays the loan principal in one lump sum on the loan maturity date [with a period of less than one year (inclusive) One year) loan applies], the loan interest is calculated on a daily basis, and the interest is returned monthly.
How long is the loan term for a first-time home purchase in Beijing?
When applying for a home loan, in principle, the maximum loan term is no more than 30 years, and the personal down payment ratio is generally required to be 30% or above, that is, the maximum loan amount shall not exceed 70% of the value of the property purchased;
For second-hand housing loans, the maximum loan period is no more than 30 years. In addition, there are also requirements for the age of the house, which generally does not exceed 20 years. And the age of the mortgaged property before the loan does not exceed 40 years.
Home loan, also known as home mortgage loan. A home loan is when a home buyer fills out an application for a home mortgage loan to the bank and provides legal documents such as ID card, income certificate, house sales contract, letter of guarantee, etc. that must be submitted. The bank will make a commitment to the home buyer after passing the review. Grant loans, and handle real estate mortgage registration and notarization based on the house sales contract provided by the home buyer and the mortgage loan contract signed between the bank and the home buyer. The bank will directly transfer the loaned funds to the house selling unit within the period specified in the contract. on the bank's account.
On November 24, 2013, the latest survey data showed that based on the sample data from October 11 to November 11, 17 of the 32 cities had suspended mortgage loans.
Basic introduction:
The participants in home loans include commercial banks that provide credit funds, home buyers who ultimately purchase the property, and property owners (including developers/owners of second-hand houses) ), when applying for a loan, an appraisal company and a housing mortgage guarantee company are also required to participate.
According to statistics released by Beijing Wancai United Investment Management Co., Ltd., a real estate guarantee company, at the end of 2010, in major first-tier cities in China, the utilization rate of housing loans has reached a high level. In terms of home purchase mortgage loans, the proportion of loans It has reached more than 70%, and in recent years, an increasing number of residents have applied for real estate mortgage consumer loans to revitalize their real estate by using their own names or the properties of their relatives. "Mortgage" has become a way of life closely related to residents' lives.
Housing Loans
Personal housing loans refer to loans issued by banks to borrowers for the purchase of ordinary houses for self-use. Borrowers must provide security when applying for a personal home loan. There are three main types of personal housing loans: entrusted loans, self-operated loans and portfolio loans. Entrusted loans
Personal housing entrusted loans refer to loans issued by banks to individuals purchasing ordinary housing in accordance with specified requirements, using housing provident fund deposits as the source of funds, and in accordance with the entrustment of the housing provident fund management department. Also called provident fund loan.
Self-operated loans
Personal housing self-operated loans are loans issued to individual home buyers with bank credit funds as the source. It is also called commercial personal housing loan, and the loan names of each bank are also different. China Construction Bank calls it personal housing loan, and Industrial and Commercial Bank of China and Agricultural Bank of China call it personal housing guaranteed loan.
This is the end of the introduction about the first home loan period in Beijing and the Beijing first home loan period of 25 years. I wonder if you found the information you need?