Due to the overall downward trend of 202 1 LPR, the installment repayment amount of most loans will decrease as expected after the interest rate is lowered, but there are also a few loans, and the installment repayment amount will increase instead of decrease after the interest rate is lowered. But generally speaking, the repayment of the loan principal will not be overpaid, and the interest is also calculated according to the actually occupied principal.
These loans have the same phenomenon: before the interest rate adjustment, the installment payment of the last installment is relatively large; after the interest rate adjustment, the installment payment will be automatically readjusted, and the amount of the last installment will be allocated to each installment, resulting in an increase in the installment payment after the interest rate adjustment, but the total repayment amount will decrease with the decrease of the interest rate.
Extended data:
The main reasons for the large repayment amount in the last installment due to LPR mortgage are as follows:
I. Interest rate adjustment during the epidemic period
Suspension of repayment during the epidemic period: if the repayment is suspended from March to June, the repayment will be continued according to the original installment amount after July, that is, four installments will be paid less. In the absence of interest rate adjustment, the underpaid part will be accumulated to the last period. After the interest rate adjustment, the installment repayment amount is recalculated, and the amount of the last installment is allocated to each installment, resulting in an increase in the installment repayment amount after the interest rate adjustment.
Second, microfinance is slightly different.
For mortgage accounts with few remaining installments, such as ten-year mortgage, only the last few installments are left unpaid. Before the interest rate adjustment, there was a slight difference between the last installment and the monthly installment. After the interest rate is adjusted, the installment repayment amount is readjusted and the difference of the last installment is shared. Due to the small number of remaining installments, the installment repayment after interest rate adjustment will increase instead of decrease. However, the total repayment amount of the remaining installments will be reduced.
Third, the redistribution of large mortgage loans.
After the last interest rate adjustment (generally 20 16 65438+ 10/), there is a large loan with the principal repaid in advance: before the principal is repaid in advance, accrued interest will be generated in the current month, and after the principal is repaid in advance, the installment repayment amount will be smaller. If the new installment repayment amount is less than the accrued interest of the current month, there will be a situation that the first installment or several installments only pay interest and not the principal.
This situation will lead to a large repayment amount in the last installment, so after the interest rate adjustment, the installment repayment amount will be redistributed, and a small amount of loans will increase instead of decrease.
For example, the loan balance is 6,543,800 yuan, and the installment payment is 20,000 yuan. The customer repays 500,000 yuan in advance in the middle of the month, and the new installment payment is adjusted from 20,000 yuan to 1 10,000 yuan. Because this month's accrued interest is calculated according to the principal before repayment, there will be a situation that the accrued interest in a single month is greater than the new repayment amount.
Four, the modification of the loan bank interest rate
For example, this month's accrued interest may be 6,543.8+0.5 million, and the new installment repayment amount is 6,543.8+0.0 million, which will lead to the next installment or several installments only paying interest, but not the principal. This situation will lead to a large repayment amount in the last installment. After the interest rate adjustment, the installment repayment amount will be redistributed, and a small amount of loans will increase instead of decrease.
Before the loan was opened, the bank modified the interest rate, but did not modify the installment payment accordingly, resulting in a large amount of installment payment. For example, the original interest rate was 4.75%, the installment payment was 2000, and the revised interest rate was 5.75%, but the installment payment was not revised to 2500. Only 2000 yuan is paid back in each issue, and the less is accumulated to the last issue.
After the interest rate adjustment, the installment repayment amount will be re-divided, and a small amount of loans will increase instead of decrease. This is because the loan interest rate entered is inconsistent with the installment repayment amount.
Bank of China-Announcement on Converting the Pricing Benchmark of Individual Housing Loan with Floating Interest Rate into LPR in Batch