Don't rush to repay the loan in advance. 30% interest rate deposit is more cost-effective.
Blessed are the house slaves! Two interest rate cuts in 20 12 years will be "cashed" on 20 13 1 day. How much will your monthly payment be reduced? On a network BBS in Ningbo, netizens have begun to discuss the news that house slaves will reduce their burdens from next month.
This year, the central bank lowered the deposit and loan interest rate of RMB twice. Traditionally, the interest rate adjustment of the old mortgage will be implemented on 1+0 of the following year. In other words, the two interest rate cuts this year should be officially digested from 20 13 New Year's Day. Many people in Bank of Ningbo told the reporter of Modern Gold News that after the implementation of the new interest rate, the monthly mortgage payment will be reduced accordingly. However, they also reminded citizens who have enjoyed a 30% interest rate through this newspaper not to rush to repay the loan in advance.
The interest rate is lowered by 0.5%, and the monthly payment 1 10,000 30-year mortgage is 333 yuan less.
On June 8, 20 12, the annual interest rate of loans for more than five years, that is, the interest rate corresponding to mortgages, was reduced from 7.05% to 6.8%, and further reduced to 6.55% on July 6. In other words, in 20 12, the annual mortgage interest rate was lowered by 0.5 percentage points.
The interest rate is lowered by 0.5 percentage point, which means how much the monthly mortgage payment has changed? The reporter asked the financial manager of a bank to calculate an account:
Take the equal repayment method as an example. The customer borrowed from the bank for 30 years with a mortgage of 6,543,800 yuan. Before June 8, 2065.438+2002, when the annual interest rate of mortgage was 7.05%, the borrower's monthly payment was 6,686.64 yuan. After 20 13 New Year's Day, when the annual interest rate of the mortgage is 6.55%, the borrower pays 6,353.60 yuan a month, which is 333 yuan less than before.
For men, 333 yuan can buy a good cigarette, but for women, Taobao can also buy several things. In short, for the working class, this figure is quite amazing.
Of course, this figure can only be used as a reference. After all, there are not so many people who have just borrowed 654.38+00,000 yuan for 30 years. If others want to measure the change of monthly mortgage payment, the bank's financial manager suggests that you go to the bank official website to find a loan calculator, choose one of the mortgage calculators, input the loan amount, loan term and loan interest rate, and calculate the monthly repayment of principal and interest, that is, the monthly payment. Of course, this is also limited to equal repayment.
It is more cost-effective to repay the loan in advance and enjoy a 30% discount deposit.
Every year, near the end of 1 1 and the beginning of 65438+2, commercial banks will welcome a group of customers who repay their mortgages in advance, and the repayment peak in one year appears at this time.
If the stock market is better, people may be more willing to invest. At present, it is difficult to find a good investment channel, and some people have spare money to pay back, the head of a bank's personal loan department told reporters.
If you have a sum of money, do you want to repay the mortgage in advance?
The person in charge of the personal loan department of a bank told the reporter that it is more cost-effective for citizens who have already enjoyed a 30% interest rate to save the money they want to pay back. At present, the annual interest rate of loans over five years is 6.55%, which is 4.585% after 30% discount. The corresponding five-year deposit interest rate is 4.75%, and the deposit and loan interest rates are upside down.
Mr. Li, an ICBC financial planner, told reporters that there are still some people who are not suitable for repaying their mortgages in advance: one is the borrower who uses the equal principal and interest repayment method. When his repayment period is close to the middle of repayment, it is not suitable to repay the loan in advance. Matching principal and interest repayment method, the borrower pays more interest and less principal in the early stage. By the middle of repayment, most of the interest has been repaid, and the part repaid in advance is more of the principal. In this case, it is of little significance to repay the loan in advance. .
There is also an average capital borrower. If the repayment period exceeds 1/3, there is no need to repay the mortgage in advance. At this stage, even if the mortgage is repaid in advance, it is more of a principal, which obviously means little.
In short, whether it is equal principal and interest or average capital method, it is more cost-effective for borrowers to repay in advance some time before repayment. Honey, you know what?
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