The interest rate of the first home loan is based on the benchmark interest rate, which is 6. 15% for more than five years. The second home loan interest rate will still rise 10% on the benchmark interest rate, and the second home loan interest rate will be higher than the first home loan interest rate. If the provident fund loan is used, the interest rate of the second home loan will rise 10% on the basis of the first home loan interest rate. If it is a commercial housing loan, the loan interest rate of the second home loan is also higher than the loan interest rate of the first home loan by more than 10%. It should be noted that the second home loan is not only higher than the first home loan interest rate, but also the loan is more difficult and the loan amount is lower.

2. What is the interest rate of the first home loan?

First of all, answer directly.

If the borrower's annual mortgage interest rate is 3.92%, which is a very low loan interest rate, it should be the provident fund loan interest rate.

Second, the specific analysis

The mortgage interest rate of the bank needs to fluctuate according to the LPR interest rate, and generally needs to fluctuate above 10% on the basis of the LPR interest rate.

The five-year LPR interest rate of the central bank is 4.35%. If it fluctuates around 10%, the benchmark loans of major banks should be at least 4.9%.

The interest rate of provident fund loans is very low, and the benchmark interest rate of five-year loans is 3.25%.

Therefore, if the borrower's mortgage interest rate is 3.92%, it can basically be determined that the application is a provident fund loan.

And the borrower's personal qualifications are good, you can apply for a loan with an annual loan interest rate of no more than 4%.

Suppose the borrower applies for a loan amount of 800,000 yuan, divided into 20 years, calculated at an annual interest rate of 3.92%, and repays the loan in the form of equal principal and interest, with a monthly repayment of 4,670.57 yuan.

The average capital repayment is 5765438 yuan +06.66 yuan in the first month, and the repayment amount decreases by 9.93 yuan every month, and 3343.26 yuan in the last month.

Conditions for applying for provident fund loans: Before the loan is approved, the provident fund must be continuously deposited for at least 6 months, and policies vary from place to place. In some areas, borrowers need to repay continuously 12 months or more; According to the requirements of local down payment ratio, the down payment for house purchase can be paid, and payment vouchers can be provided; Personal credit status is good and there is a stable source of income; Willing to use the purchased property as collateral for the loan.

Although many online loans do not have credit information now, each small loan platform has its own third-party big data credit information platform. If a company is overdue or fails to repay the loan, then the third-party platform it cooperates with will leave a record, and then you want to apply for a loan on other small loan platforms, which is basically difficult to pass. You can get a big data report on Beijian Quick Check to keep abreast of your big data status. It is an online loan big data query system that provides comprehensive, accurate and complete data information for online loan applicants.

Third, how to reduce your mortgage interest rate?

There are several ways to lower your mortgage interest rate. 1, from commercial loans to provident fund loans

Borrowers can choose to convert their commercial loans into provident fund loans, which can minimize loan interest and maximize income.

For example, Changsha Provident Fund can be converted into a provident fund loan as long as it is continuously deposited for 12 months and other conditions are met. The loan interest rate for more than five years is only 3.25%, which is very low.

2. Increase the down payment on the house

Borrowers can choose to increase the down payment of the house and reduce their loan amount and overdue risk.

The less loan funds, the higher the bank's recognition of borrowers and the lower the loan interest rate.

3, increase personal economic proof

If the borrower and the bank applying for a loan don't have a lot of money, they can buy some regular wealth management or handle some large deposit certificates in the bank before applying for a loan.

After becoming a high-quality VIP of the bank, if you apply for a bank loan, the loan interest rate will also be greatly reduced.

3. What is the interest rate of the first home loan in 2020?

In 2020, the average interest rate of the first home loan in China will be 5.45%, down 5BP from the previous month, and the corresponding five-year LPR will increase by 70BP and the average interest rate of the second home loan will decrease by 4BP from the previous month, and the five-year LPR will increase by 102BP.

Specific to cities, the mainstream loan interest rates for the first home in Beijing, Guangzhou and Shenzhen are 59% and 5.05% respectively. Among the second-tier cities, the interest rate of the first home loan in eight cities dropped by more than 10BP, and that in Kunming dropped from 5.6 1% in February to 5.32%, down 29BP from the previous month. Foshan's first home loan interest rate has also dropped15bp; Zhengzhou decreased from one of the four "6" cities to 5.9 1% in March.

If the bank mortgage interest rate rises and the house price rises weakly, it will help curb excessive investment in real estate. In the long run, if the bank mortgage interest rate and house price can also remain stable or decline, this is a good thing for just need.

When applying for a mortgage loan, the borrower needs to provide a loan ID card and a house purchase contract in Li Xia; The down payment for self-occupied housing shall not be less than 30%, proof of economic income of commercial doorman, work certificate, etc.

The bank will accept and investigate the loan. After receiving the loan application, the bank will accept and adjust the economy.