Down payment refers to the first one-time payment when installment payment is selected, which is generally a percentage of the consumption amount. Store loans require down payment of not less than 50%. Mortgage means mortgage loan, in which real estate and other things are mortgaged to banks and other financial institutions, bank loans are obtained and the principal and interest are paid off in installments according to the contract, and the bank returns the collateral after the loan is paid off. In this process, the mortgagor enjoys the right to use the property. If the down payment is less, there will be more loans, and the repayment pressure will be greater. Anyway, less loans and less pressure.

The bank is very strict in examining store loans. The minimum area of the shop is set at 50 square meters, and the minimum total price is set at 400,000 yuan. The loan amount of the shop can only be half of the evaluation price. The loan period for shops shall not exceed 65,438+00 years, and the down payment for purchasing shops shall be at least 50%. The interest rate of shop loans is higher than the benchmark interest rate by 10%, that is, 1. 1 multiple of the benchmark interest rate. ?

The current benchmark loan interest rate was adjusted and implemented on August 29, 2005. The adjusted five-year interest rate is 5. 15%, and the floating interest rate is 5.15% *1.1= 5.665%. ?