What is the loan interest rate of 5.88?
The mortgage interest rate is 5.88%, which is 20% higher than the benchmark interest rate of 4.9%. This kind of loan interest rate generally appears when applying for the first home loan or the second home loan, so the mortgage interest rate of 5.88 is normal. Most commercial banks implement the floating policy of mortgage interest rate, and the actual loan interest rate is related to the lender's credit qualification, repayment ability and debt situation.
What is the process of buying a house loan?
1, understand the loan policy.
Loans are related to policies. Buyers should know what the local housing loan policy is before applying for loans to buy a house. For example: the standard of the first suite and the second suite, the minimum loan ratio, the maximum loan amount and other issues.
2. Understand the credit situation.
When you apply for a loan to buy a house, you need the bank to review the loan information, and the bank will definitely focus on reviewing the credit information of the lender. If the credit information is not good, the general loan is impossible. Therefore, it is best for buyers to know their credit information and see if they meet the conditions of the loan, so as to avoid the loan being impossible or the amount being limited.
Step 3 know the bank
There are many banks that can handle loans now, and different banks will definitely have different labels when handling loans, so buyers can go to several places to find out more when handling loans. You can ask about the loan terms, interest rate, amount, approval time, lending time, etc. And then compare and choose the banks with high cost performance.
4. Sign a loan contract
If the property buyers themselves meet the loan conditions, then the property buyers can prepare the loan materials and sign the loan contract after paying the down payment to the developer and signing the house sales contract. When applying for a loan, the buyer should prepare the necessary documents, mainly including: ID card, household registration book, marriage certificate, work certificate, income certificate, purchase contract and other materials needed by the bank.
Step 5 wait for a bank loan
After signing the loan contract with the bank, you still need to wait for the bank to lend money. If qualified, you can wait for the bank to lend money.
The last article introduced the level of loan interest rate of 5.88 and the process of buying a house by loan. If the loan interest rate is 5.88, it is still very high. There is more than one bank that can provide loans for buying a house with loans. You can go to some banks to find out the loan interest rate yourself.