What's the short-term interest on a foreclosure loan?
There are many ways to borrow money in the market, some are long-term and some are short-term, so before we do this, at that time, let's first look at whether we want to borrow money for a long time or for a short time. Then, before choosing, we can have a detailed understanding of these two kinds.
1, this interest includes foreclosure interest and handling fee, with high handling fee and low interest and high handling fee with low interest. For example, 1 10,000 foreclosure funds, the interest is five points, the handling fee is 1-2 points, or the interest is two points, and the handling fee is less than one point. Although foreclosure is a common occurrence in real estate transactions, due to the charging standard,
2. In the real estate transaction, if the real estate is mortgaged by the bank, it is necessary to repay the bank debt before the real transaction can be carried out. Short-term foreclosures in real estate transactions are basically operated by guarantee companies, financial institutions or intermediary companies themselves. At the same time, in real estate transactions, there are bank mortgages and secondary mortgages of financial companies. Different situations charge different fees.
3. The high-risk interest rate of transactional real estate is relatively high, and the low-risk natural interest rate is also low. For different risk levels, for example, the high risk interest rate is 5 points 1 gross, and the low risk interest rate is 2 points. Different customers will have different charges.
Advantages of short-term loans
1. Balance control. Short-term loans are balance control. Within the limit and term, the borrower can match the amount used each time. After the loan is returned, it can continue to be recycled until it reaches the highest balance or expires.
2. It has an ultra-high amount, and the loan amount is only limited by the borrower's credit and guarantee method. The maximum loan amount can reach 70% of real estate assessment value, which is much higher than the overdraft limit of credit card.
3. The borrower can handle it at any time, and the method and repayment are flexible.
4. Deposit interest. The loan interest is the benchmark interest rate of the bank. When the customer obtains the line, no interest will be charged. It is only calculated according to the actual number of days the money is actually used, so the cost of the customer's money can be saved to the maximum extent.
5. With financial management function, it can be used as needed, which not only solves the short-term capital turnover difficulties of borrowers, but also does not increase the interest on using foreign loans.