1. As of today, the benchmark interest rate for mortgage loans implemented by major banks is: 4.75% for loans for 1-3 years; The loan for more than 5 years is 4.9%. Different banks can make appropriate adjustments according to the bank's own situation and the applicant's personal credit information.

2. mortgage interest rate refers to the use of real estate to handle loans in banks, and the loans pay interest at the prescribed interest rate.

3. The mortgage interest rate in China shall be uniformly stipulated by the People's Bank of China. Each commercial bank can float within a certain range when it is implemented. China's mortgage interest rate is constantly changing, in the form of rising interest rates, so it is often before and after the increase in interest rates.

what does the mortgage interest rate of 4.9 mean?

1. I often hear people say that the mortgage interest rate is 4.9. What does it mean? It is understood that the interest rate of mortgage is 4.9, which is the benchmark interest rate of bank loans for more than 5 years, that is, the interest of lending to 1 yuan for one year is 4.9 yuan.

2. At present, the benchmark "annual interest rate" announced by the People's Bank of China for personal (RMB) loans with a term of more than five years is 4.9%. The specific loan interest rate you can apply for needs to be comprehensively reviewed by the handling bank according to the materials submitted by you. At present, bank mortgage policies are relatively tight. The interest rates implemented by major banks are floating. Most of the major banks in Nanjing have raised the interest rate of the first suite by 2%, and the interest rate of the second suite by 25-3%.

3. Calculation principle of equivalent principal and interest formula: the bank should collect the remaining principal and interest from the monthly payment, and then recover the principal; Reduce interest in proportion to the monthly balance. Due to the increase, the proportion of monthly contributions has increased, but the total monthly payment has remained unchanged. Down payment amount = principal x down payment ratio Monthly contribution = monthly principal+monthly principal = principal/repayment month This month's principal and interest = principal × monthly interest rate

4. Calculation principle of equivalent principal The borrower will distribute the principal evenly every month and pay the interest between the previous repayment date and the current repayment date. This repayment method is relatively low in the equality of principal and interest. The total interest expenditure is low, but the principal and interest paid in the early stage are more, and the repayment burden decreases month by month.

5. Monthly repayment amount = monthly principal+monthly principal and interest Monthly principal = principal/repayment month principal and interest = (principal-accumulated repayment amount) × monthly interest rate calculation principle: the monthly repayment amount is always the same, and the interest will decrease because the remaining principal will decrease.