What is the interest rate for a home loan?

There are two loan methods for buying a house, namely commercial loans and personal provident fund loans. The interest rates are as follows:

1. Commercial loan base annual interest rate: 0-6 months ( 6 months included), annual interest rate: 4.35; 6 months to 1 year (including 1 year), annual interest rate: 4.35; 1-3 years (including 3 years), annual interest rate: 4.75; 3-5 years (including 5 years) year), annual interest rate: 4.75; 5-30 years (including 30 years), annual interest rate: 4.90;

2. Personal provident fund loan benchmark interest rate: benchmark interest rate for short- and medium-term loans under five years including five years It is 2.75; the base interest rate for long-term loans of more than five years is 3.25. However, the loan interest rate must be comprehensively assessed based on factors such as the business type, credit status, and guarantee method applied by the lender.

The process of buying a house with a loan

1. Understand the credit report

First of all, if you want to get a loan to buy a house, the home buyer must first check your personal credit report Whether he met the loan conditions, he was optimistic about the free house, but when he was ready to buy, he discovered that his credit score was unqualified, and he fell into a relatively passive situation.

2. Understand the bank

Before applying for a loan, home buyers can go to the bank for consultation and ask about the loan application conditions, interest rates, approval time, loan time, etc. Then compare and choose a bank that offers a good deal.

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What is the interest rate for the first home loan?

For a loan applied for with a real estate in a bank, the loan shall be based on the bank’s Interest is paid at a specified interest rate, which is the mortgage interest rate. \Mortgage interest rate calculation formula\Calculation method: According to the calculation formula of general mortgage repayment methods, it is divided into two types:\1. Calculation formula of equal principal and interest:\Calculation principle: The bank first collects the remaining principal interest from the monthly payment , then the principal is collected; the proportion of interest in the monthly payment decreases as the remaining principal decreases, and the proportion of principal in the monthly payment increases due to the increase, but the total monthly payment remains unchanged. What needs to be noted is:\ 1. The maximum amount of provident fund loans in various cities should be considered based on the local conditions;\ 2. For those who have already purchased a house with a loan but the per capita area is lower than the local average, and then apply to buy a second ordinary self-owned house. For residents, preferential policies for first-time loan purchases of ordinary owner-occupied houses shall be implemented mutatis mutandis. \2. Calculation formula for equal amounts of principal: \Monthly repayment amount = monthly principal and monthly principal and interest\ Monthly principal = principal/number of repayment months\ Monthly principal and interest = (principal - total cumulative repayment) X monthly interest rate \ Calculation principle: The principal amount returned every month will always remain unchanged, and the interest will decrease as the remaining principal decreases.

What is the interest rate for the first house loan?

From the current point of view, because the house is too expensive, more and more people will choose to take out a loan to buy a house, but this operation involves There are many aspects to pay attention to, and there are many things to pay attention to. For example, if it is your first house, do you know how the loan interest rate is calculated? Let’s take a look with the editor. I believe it will make a difference to you. insights.

What is the interest rate for the first house loan?

If the first house loan period is less than 5 years, the interest rate is 3.75; if it is more than 5 years, the interest rate is 4.25; so-called The bank interest rate refers to the ratio of the interest amount to the principal amount during the loan period; the interest rate of a loan contract with a bank or other financial institution as the lender is determined, and the parties can only negotiate within the upper and lower limits of the interest rate stipulated by the Bank of China.

What is the process of buying a house with a bank loan?

1. First, we can go to multiple banks to understand their conditions for housing loans, what materials need to be prepared, loan amount, interest rate, discounts, etc. information. You can choose a bank with more favorable housing loans to apply for a loan to buy a house. Then we prepare the house purchase contract, down payment voucher, ID card, income certificate and other relevant materials according to the bank's requirements, and go to the bank's branch to apply for a housing loan.

2. The bank will review the applicant's information. After the bank's review is passed, the applicant needs to sign a loan contract with the bank and apply for insurance, because the bank will require the lender to purchase a house as an example to prevent risks. Life and property insurance list the bank as the first beneficiary. Next, the applicant goes to the housing authority to complete the transfer procedures, register the house mortgage, and receive other relevant documents such as certificates of ownership.

3. Finally, the applicant will hand over his warrant to the corresponding bank, open a special repayment account in the bank, and sign a letter of authorization. After receiving other warrants, the bank will lend money in accordance with the contract. The applicant repays the principal and interest on time every month, and the insurance cannot be interrupted during the loan performance period. After the loan is paid off, don’t forget to go through the procedures for canceling the mortgage and canceling the mortgage insurance.

Summary: Okay, the above is the introduction about the interest rate of the first house loan. I hope it can provide you with some help. I believe that in the future, you will learn about the interest rate of the first house loan. , friends will be more comfortable and get their own satisfactory answers.

What is the interest rate for a first home loan?

Now basically every family can buy a house, not because there are more people and more power, but because there is an option to buy a house with a loan, and home buyers only need A certain down payment is required, and the remaining house payment can be borrowed from the bank. This policy provides convenience for families with housing needs and insufficient funds. However, if you choose a mortgage loan to buy a house, you will definitely have to pay relevant interest. Generally, if you buy a house, you will need to pay a certain down payment. The loan interest rate for the first home will be lower than that for the second home. So what is the interest rate for the first home loan? Let’s take a look with the editor below.

1. What is the interest rate for a first home loan

1. Commercial loan. The average interest rate for applying for a commercial loan to purchase a first home is around 5.38, which is 5-5 based on the base interest rate of 4.90. It was implemented in 20 years. Of course, there are some differences in the adjustment efforts of local policies and banks; 2. Provident fund loans. Applying for a provident fund loan to buy a first home is fixed. The interest rate for loans of more than five years is 3.25, while for loans of less than five years, the interest rate is 3.25. The loan is subject to an annual interest rate of 2.75.

2. What are the advantages of being recognized as a first-time home?

Each region has different standards for the recognition of first-time homes, which are divided into: recognizing a house and a loan, recognizing a house but not a loan, and accrediting a loan. Judging by not recognizing the house, etc., once it is recognized as a first home, there will be many preferential policies when applying for a loan to buy a house. The first advantage is that the down payment ratio is lower, which is very critical for home buyers who do not have enough down payment. Yes, generally the down payment for a first home only requires about 30% of the total house price.

Secondly, the loan interest rate is also more favorable. Generally speaking, the loan interest rate for the first home is determined based on the benchmark interest rate or an increase of 10%, while the loan interest rate for the second home is determined by an increase of 20%. If it is recognized as a first-time home, the deed tax levied will be less. The deed tax for the purchase of a house below 90 square meters will only be 1.