There are two kinds of housing loans, commercial loans and personal provident fund loans. The interest rates are as follows:

1, the benchmark annual interest rate of commercial loans: 0-6 months (inclusive), and the annual interest rate: 4.35%; 6 months-1 year (inclusive), with an annual interest rate of 4.35%; 1-3 years (including 3 years), with annual interest rate of 4.75%; 3-5 years (including 5 years), with an annual interest rate of 4.75%; 5-30 years (including 30 years), with an annual interest rate of 4.90%;

2. Benchmark interest rate of personal provident fund loans: the benchmark interest rate of short-term loans for less than five years (including five years) is 2.75%; The benchmark interest rate for long-term loans over five years is 3.25%. However, the loan interest rate should be comprehensively evaluated according to the business variety, credit status and guarantee method applied by the lender.

The process of buying a house with a loan

1, to understand the credit situation.

First of all, if you want to borrow money to buy a house, buyers must first check whether the personal credit information meets the loan conditions, and the inspection-free house is also optimistic. When they are ready to buy, they find that their credit information is unqualified and they are in a passive position.

Step 2 know the bank

Before applying for a loan, buyers can go to the bank for consultation, asking about the loan application conditions, interest rate, approval time and lending time, and then comparing them and choosing a bank with high cost performance.

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How to calculate the interest on the house loan?

First, how to calculate the interest on the house loan?

1, equal principal repayment calculation.

The average capital distributes the loan amount evenly according to the repayment cycle, and its interest is obtained by multiplying the principal to be repaid in each period by the benchmark interest rate, which means that the interest to be repaid every month is the same.

2. Calculated according to the repayment method of equal principal and interest.

In equal repayment of principal and interest, the sum of principal and interest to be repaid every month is the same, that is, the monthly payment is the same, so the calculation of interest is more complicated. Basically, the interest to be repaid every month is different, and the sum of principal and interest is the same.

Second, how much is the interest on the house loan?

Generally speaking, the proportion of loans to buy the first suite is 30%, while the down payment ratio of loans to buy the second suite is relatively high, and the specific proportion will vary from place to place, resulting in a gap. In mortgage to buy a house, if you need to mortgage your house to a bank for a loan, there will be some interest during the loan process, which will be determined according to the loan method. Generally speaking, the interest rate of provident fund loans will be lower than that of commercial loans.

The interest generated by the loan will change according to the length of time. The longer the time, the higher the loan interest rate. If the interest rate is 5.3 1% within half a year and one year, the loan interest rate is 5.40% for one to three years, 5.76% for three to five years, and 5.94% for loans over five years.

3. What is the benchmark interest rate for housing loan?

In 20 18, the benchmark interest rate of commercial loans over five years is 4.90%, the average interest rate of the first home loan is about 5.38%, and the annual interest rate of the second home loan is higher. The benchmark interest rate of provident fund loans is 3.25% lower than that of commercial loans.