How much is the interest on a 10 million yuan loan to buy a house in Shenzhen?

The interest on a 10 million yuan loan to buy a house in Shenzhen is 149,583.44 yuan, and the total interest on a 10 million yuan commercial loan with equal principal and interest repayment method in one year is 237,188.04 yuan. . What are the housing loan policies in Shenzhen?

What are the housing loan policies in Shenzhen?

Shenzhen housing loan interest rates are based on the benchmark interest rates set by the central bank. The benchmark interest rates are as follows: Within one year, the commercial loan benchmark interest rate is 4.35%. , from one to five years, the benchmark interest rate for commercial loans is 4.75%, and for more than five years, the benchmark interest rate for commercial loans is 4.90%. The benchmark interest rate for provident fund loans within five years is 2.75%, and the interest rate for provident fund loans over five years is 3.25%.

How to successfully buy a house with a loan

1. Understand the local loan interest rate policy

Buyers must understand the local loan interest rate policy before taking a loan to buy a house, because There may be differences in the interest rates of different banks, and different places also have different regulations for second home purchases and multiple home purchases.

2. Check your credit report before making the down payment

When you like the house, the developer will ask you to pay the down payment first, but you must check your credit report first . Because the credit report is an important review condition for bank loan approval, it reflects whether an individual has good repayment habits. Otherwise, no matter how much you earn, the bank will not lend you a loan if your credit report is so bad.

3. Prepare a running account before taking out a loan

When applying for a loan to buy a house, banks will generally require borrowers to provide bank statements within 6 months. It is recommended to use a bank that has a lot of daily transactions. Card. Or the borrower can deposit a fixed amount every month and have a longer interval between deposits and withdrawals, etc., so that he can have a good bank flow record, thereby increasing the possibility of his loan being successful.

4. Don’t quit your job before buying a house

When banks review and approve the application materials of loan applicants, they need to comprehensively consider the financial ability of the borrower, and the bank will evaluate it from many aspects. Such as job stability, income stability, and growth trends. If you quit your job before buying a house, the bank will definitely think that your job is unstable, which will affect your repayment ability and increase the bank's credit risk, resulting in your loan application being rejected. Therefore, it is best not to resign before buying a house in order to get a loan smoothly.

5. Submit true and valid information

Banks attach great importance to the authenticity of loan information. If the lender is found to have submitted false information, the loan will definitely be rejected. Therefore, the information submitted when applying for a loan to buy a house must be true, valid, and complete. What is the interest rate for buying a house loan in Shenzhen?

The current benchmark interest rate for commercial loans with a loan term of more than 5 years is 4.90%. Due to the impact of the purchase and loan restriction policy, banks in various regions have different preferential rates for first-time home loans. Second-home loan interest rates generally rise by 10%.

The benchmark interest rate for provident fund loans during the same period was 3.25%, and the interest rates for second home loans generally increased by 10%.

The second house is defined as the number of mortgage loans based on the borrower's family (including the borrower, spouse and minor children). Families that have used provident fund loans or commercial loans to purchase a house will be deemed to have applied for a mortgage loan again. Suite 2. What is the interest rate for a first-time home loan in Shenzhen?

Calculate how much it will cost to decorate your home

Shenzhen is a first-tier city, and housing prices are naturally not low. It is very difficult to buy a house in full. It is difficult, so most people choose to buy a house with a loan. So, do you know what the interest rate is for the first home loan in Shenzhen and how much the down payment is for buying a house in Shenzhen? Let’s take a look now.

1. Shenzhen first home loan interest rate

In October this year, the interest rate for Shenzhen first home loan was 5.71%, 1.16 times higher than the benchmark interest rate, and compared with In September, it increased by nearly 0.18%. In addition, it is reported that some banks in Shenzhen have increased their mortgage interest rates from 20% to 15%, and the loan review process has been accelerated, taking about one week.

2. How much is the down payment for buying a house in Shenzhen

1. To buy a house in Shenzhen, the down payment required for the house must not be less than 30% of the total value of the house. For example, a house worth 2 million For a house, the down payment required is 600,000 yuan.

Of course, if you are buying a second house, the down payment cannot be less than 50% of the total price of the house, which means you need to pay 1 million yuan.

2. If you buy a new house, you need to calculate the down payment based on a certain ratio and the loan amount. But it is different when buying a second-hand house. The buyer can negotiate the amount of the down payment with the owner. Generally, As long as it is not lower than the prescribed ratio, it will be fine.

3. Some developers, in order to sell their houses faster, will give certain discounts on the down payment. For example, the government will stipulate that the down payment must be 30% of the total price of the house. At this time, although the developer will also stipulate a 30% down payment, there will be some discounts given by the developer in the 30% down payment.

4. For example, for a house worth 2 million yuan, the government requires a down payment of 2 million * 30%, which is 600,000 yuan. In order to attract more consumers, the developer , consumers will be asked to pay 20% of the down payment first, and the remaining 10% of the down payment will be paid by the developer, and the consumer will be given one year to slowly deliver, thereby alleviating the pressure on consumers.

This is the introduction to the first home loan interest rate in Shenzhen and the down payment for buying a home in Shenzhen. Do you understand it? With the rectification of Shenzhen’s home buying policy, the first home loan interest rate is also changing. , it is expected that loan interest rates will adjust slightly next year.

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