Nowadays, the price of a property has always been high. Many people are confused when it comes to house transactions. In fact, the most unclear point for most people is the price, and this is also the whole house. The most difficult factor in handling the matter is, of course, with the help of a loan, the price issue will actually be easier to deal with than before. So what is the housing mortgage loan interest rate? What are the procedures for applying for a housing mortgage loan?

What is the housing mortgage loan interest rate?

The annual interest rate for loans within one year (including one year) is 4.35%; the annual interest rate for loans between one and five years (including five years) is 4.75%;

The annual interest rate for loans over five years is 4.90%.

1. For commercial loans, the benchmark interest rate for loans over five years is 5.94%, and the monthly interest rate is 5.94%/12=0.495%. If the first house enjoys a 30% discount, the monthly interest rate is 4.158%/12=0.3465%. If calculated based on the 15% discount, the monthly interest rate is 5.94%*85%/12=0.42075%

2. For example, 85,000 for 10 years (120 months), the monthly repayment amount is 903. According to this calculation, your monthly interest rate is 0.42075%, which is a 15% discount. The calculation is as follows:

[85000*0.42075%*(1+0.42075%)^120]/ [(1＋0.42075%)＾120-1]=903.59 yuan

Explanation: ＾120 is 120th power

What are the procedures for housing mortgage loans?

1. The developer proposes a mortgage loan cooperation intention to the lending bank;

2. The lending bank evaluates the developer’s development projects, construction qualifications, credit rating, conduct of the person in charge, and corporate social commerce Investigate the company's reputation, technical strength, operating conditions, and financial situation, and sign a mortgage loan cooperation agreement with qualified developers;

3. The home buyer signs a "Commercial Housing Sales Contract" with the developer, and according to the contract Requirements, pay the required down payment;

4. Within seven days from the date of payment of the down payment, the home buyer provides information that meets the requirements of the mortgage bank and directly applies for a mortgage loan to the developer's cooperative bank. Specifically include: "Commercial Housing Sales Contract" (recording and registration), house purchase down payment receipt, ID card, marriage certificate, income certificate and other information that the bank deems necessary;

5. The loan bank’s requirements for the house purchaser Investigate and review all aspects of the situation and procedures, and go through preliminary procedures with home buyers (including the home purchaser’s spouse) who meet the basic conditions, including loan application, contract repayment statement, commitment, conversation transcript, loan contract, and IOU etc.; then the home buyer opens a deposit account or bank card at the lending bank, and the bank reports to the superior bank for approval;

6. The application approval period is generally within 7 days. For those that exceed this period, the marketing department will promptly contact the bank to understand the situation and solve the problem, actively assist the home buyer to apply for the loan, and sign the stage guarantee procedures with the mortgage bank in a timely manner;

What is the interest rate for housing mortgage loans? ? What are the procedures for applying for a housing mortgage loan? After gaining some understanding, there will actually be a basic direction for applying for real estate loans. This basic direction can help everyone to clearly understand the condition of the house. You will also know a lot about the subsequent procedures, and it is related to the interest rate. Although there are standards here, changes may appear at any time, so you must keep up to date when understanding them.