When buying a house, everyone pays close attention to the interest rate of the loan. After all, the interest rate and the amount of interest required are very important to repay the loan in the future. Policies related to second homes are officially restricted and controlled, so The loan interest rate for the second home is higher than that for the first home. I have previously introduced to you the adjustment of the down payment ratio for the second home in 2016. So, what is the calculation of the loan interest rate for the second home and what is the loan interest rate for the second home? The editor will help you understand:

What is the interest rate for a second home loan?

For families (including borrowers, spouses and minor children) who purchase their first home with a floor area of ??more than 90 square meters, The same below), the loan down payment ratio shall not be less than 30%; for families purchasing a second home with a loan, the loan down payment ratio shall not be less than 60%, and the loan interest rate shall not be lower than 1.1 times the benchmark interest rate; for a loan purchasing a third home, the loan down payment ratio shall not be less than 60%. For those who purchase a house or above, the loan down payment ratio and loan interest rate should be significantly increased, and the details will be determined independently by commercial banks based on risk management principles.

Provident fund loan interest rate: Commercial loan interest rate:

Second home loan policy:

From 2009 to the beginning of 2010, due to the rapid rise of housing prices and land prices in some cities With rising momentum, speculative home buying is once again active, which needs to be paid great attention by the country. ?In order to resolutely curb the rapid rise in housing prices in some cities and effectively solve the housing problems of urban residents, on April 17, 2010, the State Council issued a national notice on relevant issues to the people's governments of all provinces, autonomous regions, and municipalities directly under the Central Government, as well as all ministries and commissions and agencies directly under the State Council [ Notice No. 10, 2010.

The notice stipulates: For families purchasing their first home with a floor area of ??more than 90 square meters (including the borrower, spouse and minor children, the same below), the loan down payment ratio shall not be less than 30%; for families purchasing a second home with a loan, the loan down payment ratio shall not be less than 50%, and the loan interest rate shall not be lower than 1.1 times the benchmark interest rate; for families purchasing a third or more homes with a loan, the loan down payment ratio shall be Loan interest rates should be significantly increased, with details determined independently by commercial banks based on risk management principles.

The role of the second home loan interest rate adjustment:

The role of the second home loan adjustment is that in order to better control credit risks, the central bank of China will cool down the overly bubble real estate market. A floating interest rate set to discourage speculators who buy multiple homes.

Generally, the interest rate for personal first-home loans enjoys a 15% discount on the base interest rate, while the interest rates for second-home loans generally increase by 10%, and the down payment ratio is relatively high.

Second home loans can effectively reduce bank credit risks and slow down real estate prices that have risen too quickly, because speculators have been hit to a certain extent. Some speculators have increased their speculation costs. This results in a lower or even no profit from speculation, which reduces the willingness to speculate and thus brings the property price closer to the actual value of the property. This will also make it easier for the poor to afford their first home, thereby narrowing the gap between rich and poor and enhancing social stability.

How much interest will be paid on a second home loan?

As an example, take a loan of 300,000 yuan and pay it off in 20 years with equal principal and interest payments. If the home purchased by the borrower is the first home, and the mortgage interest rate is calculated based on the current benchmark interest rate for loans with a term of more than five years at 6.55%, then the borrower will need to repay 2,245.56 yuan per month, and the total interest to be paid in 20 years will be 238,934.18 yuan; if the borrower The house purchased is a second home, and the mortgage interest rate is 1.1 times the base interest rate, that is, 7.205%. Then the borrower needs to repay 2,362.96 yuan per month, and the total interest to be paid in 20 years is 267,109.23 yuan. It can be seen from the results that the total interest paid on the second home loan in 20 years will be 28,175.05 yuan more than the first home loan.

The relevant information about the loan interest rate for the second home is shared with you here. Generally speaking, when buying a second home, we have to spend more on loan interest and other things than the first home, so it is recommended that you choose Before buying a house, first understand the relevant mortgage issues and make a financial plan.

The above is the relevant content about second home loan interest rates. I hope it can be helpful to everyone! Tubatu Decoration Network, the leader in the entire industry.

Tubatu Online provides you with "each decoration quotation, 1-4 local decoration companies, 3 sets of decoration design plans" for free, as well as decoration avoidance strategies! Click this link:/yezhu/zxbj-cszy.php?to8to_from=seo_zhidao_m_jiare&wb, and you can get it for free~