House Commercial Loan Interest Rate 2018

Many people cannot pay the entire house payment at once when buying a house, so they will choose to obtain a commercial loan from a bank. Before you apply for a commercial loan, you need to first understand the commercial housing loan interest rates of major banks. So what is the commercial housing loan interest rate in 2018? Next, let’s find out with the editor.

1. The central bank’s benchmark interest rate in 2018

According to the latest interest rate adjustment by the central bank of my country. When we make a commercial housing loan, if the loan term is less than 1 year, the interest rate is 4.35%. If we apply for a short- to medium-term commercial loan from the bank for more than 1 to 5 years, the interest rate is 4.75%. If we apply for a long-term loan of more than 5 years, the interest rate is 4.9%.

2. Commercial loan interest rates of major banks

The commercial loan interest rates of most domestic banks are based on the commercial loan interest rates of the central bank. For example, major banks such as industrial and commercial, agricultural, construction, investment, Shanghai Pudong Development Bank, Everbright, CITIC, Ping An, Huaxia and so on. Some banks will make adjustments to the benchmark interest rate stipulated by the central bank, such as Bank of Communications, China Everbright Bank, Guangfa Bank, China Minsheng Bank, etc., which will determine the rediscount rate as the lower limit by adding points to the benchmark interest rate stipulated by the central bank.

Shenzhen Development Bank, Harbin Bank, Hang Seng Bank, etc. will increase the benchmark interest rate set by the central bank. For example, the interest rate for short-term loans from Hang Seng Bank within six months is 5.6%. If it is a commercial loan within six months to one year, the interest rate is 6.0%. If we apply for a commercial loan from Hang Seng Bank for one to three years, the interest rate is 6.0%. loan, then its interest rate is 6.150%. If the loan term is three to five years, its interest rate is 6.40%. If the loan term is 5 years, its interest rate is 6.55%.

3. Bank policies

Bank loan interest rates will also be affected by policies. Usually, major banks in my country offer discounts on loan interest rates for first-time buyers. Discounts may vary in different regions. For example, we list loan terms of more than 5 years. The discount on the lowest interest rate for first-time homes in Nanjing, Changsha, Xiamen, Wuhan and other regions is 10% off, and the interest rate is 4.41%. The discount on the lowest interest rate on first-time homes in Zhengzhou, Hangzhou, Chongqing and other regions is 85% off, and the interest rate is 4.38%. If we buy a second home, most banks will adjust its mortgage interest rate to about 1.1 times the base interest rate, which is 5.39%.

The editor summarizes: Regarding the housing commercial loan interest rate in 2018, the editor has introduced it here. Different banks have different policy preferences for commercial loan interest rates for first homes. When you apply for a commercial home loan, it is best to first ask whether they have policy preferences.

What does loan discount rate mean?

Question 1: What does loan discount mean? It means that the interest rate of housing and commercial loans is based on a certain proportion based on the benchmark interest rate stipulated by the People's Bank of China. Discount offers. For example, the current benchmark interest rate for mortgages with a term of more than 5 years is 6.60%. If a 15% discount is given, the execution interest rate will be 5.61%.

Generally, to enjoy preferential mortgage interest rates, certain conditions must be met. They must be a first-time home buyer, the total income of the individual or the family is more than twice the monthly loan repayment, and the individual or spouse has no personal credit record. Bad etc.

Question 2: What does the interest rate discount mean when borrowing? As the name suggests: discount means a floating interest rate based on the country's current basic interest rate. for example. A 20% discount means the base interest rate is 6.14%.8=4.912%

Question 3: Will bank loan discounts continue? If the bank approves you for a discount and has already placed the payment, no matter how the interest rate rises or falls, the discount will be based on the current interest rate. For example, the basic interest rate in February is 6.31%, which is a 20% discount. In July, the interest rate is adjusted to 6.56%, which will also give you a 20% discount from the current 6.56%. Another point is that most banks will determine the interest rate when borrowing money. If they adjust the interest rate that year, they will not adjust it to your advantage. Generally, they will adjust it to the current interest rate on January 1st. Some small banks will change due to changes in bank interest rates. Therefore, if there are any specific circumstances, you should consult your bank.

Question 4: What does loan interest rate discount mean? It means that the interest rate can be discounted. I don’t know how much the discount is.

Question 5: What does CCB loan discount mean? CCB currently implements a five-year loan interest rate of 6.55%. If it is 92% off, the interest rate is 6.419%. It can save 0.13%. If it is 300,000 yuan, it can save 383 yuan per year.

Question 6: What does loan discount mean? It means that the interest rate of housing commercial loans is discounted according to a certain proportion based on the benchmark interest rate stipulated by the People's Bank of China. For example, the current benchmark interest rate for mortgage loans with a term of more than 5 years is 6.60%. If a 15% discount is given, the execution interest rate will be 5.61%.

Question 7: What do the intermediaries mean when they say bank loan discounts? Bank loan discounts refer to the downward adjustment of loan interest rates for the purpose of promotion or interest rate discounts for first home purchases when using commercial loans for mortgage loans. Under normal circumstances, it will be 5-30% lower than the base interest rate, which is the so-called interest rate discount of 95% to 30%~

Question 8: What does the loan discount amount mean? Sales discount: I I sold you a TV set for 1000 yuan. A piece of paint fell off the appearance of the TV set, which affects the appearance, but the quality is fine. After negotiation, I waived 10 yuan for you. This is called a sales discount

Enter 1000-10=990 as confirmed by accounting.

Cash discount: I sell you a TV set for 1,000 for you. Let you pay as soon as possible. I tell you that if you pay within 30 days, you will be free of 10 yuan. If you pay in full after 30 days, you will pay in 20 days. This 10 yuan is a cash discount

The income recognized in accounting is 1,000

This is basically what it means

Question 9: There are many banks offering discounts on mortgage loans. What does this mean? If you plan to apply for a personal housing loan with our bank, the actual loan interest rate you can apply for is a comprehensive pricing based on the business type you are applying for, personal solvency, credit status, guarantee method and other factors, and can only be determined after approval.

Question 10: What does the discount in the mortgage calculator mean? Some loans will have interest rate discounts or increases

What is the interest rate for commercial housing mortgage loans?

Commercial housing mortgage Loan interest rates cannot be generalized and can be divided into the following two situations:

1. Commercial loans: According to the benchmark interest rate stipulated by the People's Bank of China, long-term loans of more than five years are 4.9%, and medium and long-term loans of 1 to 5 years are 4.9%. The loan interest rate is 4.75%, and short-term loans of less than 1 year are 4.35%. Each bank will discount based on this interest rate.

2. Provident Fund Loan: According to the benchmark interest rate stipulated by the People's Bank of China, the loan is 3.25% for more than five years and 2.75% for less than five years. Each bank will offer discounts based on this interest rate.