How to calculate the commercial loan mortgage calculator?
1, the second home loan interest rate is said to be 2011. /kloc-since October, the State Council has required all financial institutions to implement differentiated credit for housing loans. The interest rate of the second home loan shall not be lower than 1. 1 times of the benchmark loan interest rate. According to the second-home loan policy, the annual interest rate of commercial loans for second-home loans over five years is not less than 7.205%.
2, the basic knowledge of loan interest calculation:
The interest rate conversion formula for RMB business is (note: common for deposits and loans): daily interest rate (0/000) = annual interest rate (%) 360 = monthly interest rate () 30, and monthly interest rate () = annual interest rate (%) 12. Banks can use product interest method and transaction interest method to calculate interest. The product interest method accumulates the account balance daily according to the actual number of days, and multiplies the accumulated product by the daily interest rate to calculate the interest. The interest-bearing formula is: interest = interest rate of accumulated interest-bearing products for several days, where accumulated interest-bearing products = total daily balance.
The interest calculation method calculates interest one by one according to the preset interest calculation formula: interest = principal interest rate. There are three specific methods: if the interest period is a whole year (month), the interest formula is: interest = principal year (month), several years (month), and the interest formula is: interest = principal year (month), several years (month) interest rate.
How to handle commercial loans?
1. Information required for the loan: the borrower's valid ID card, household registration book, proof of marital status, unmarried certificate, divorce certificate or divorce certificate mediated by the court (indicating that he has not remarried after divorce), the borrower's income certificate (proof of salary income or tax payment for half a year in a row), property title certificate and guarantor (ID card, household registration book and divorce certificate are required).
2. Process: apply for a loan from the bank. After the bank accepts it, evaluate the value of the mortgaged property, verify the loan amount according to the evaluated value, open a personal current deposit account, and sign a loan contract. , for real estate mortgage registration, bank lending.