The benchmark interest rate for 20 13 year loans is 6.55%.
Generally speaking, the interest rates of the four major state-owned banks are relatively low: China Bank, China Construction Bank, China Industrial and Commercial Bank and China Agricultural Bank; These four banks handle mortgages quickly, but the data review is very strict. Other small banks have small loans, but the requirements are simple.
If you have to say which bank's mortgage interest rate is relatively low, then under normal circumstances, some big banks, led by Industrial and Commercial Bank of China and Agricultural Bank of China, have relatively low loan interest rates. With the marketization of loan interest rates, most joint-stock commercial banks have the right to decide their own loan interest rates, and the loan interest rates of different banks are different.
Extended data:
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 = cumulative interest-bearing product × daily interest rate, where cumulative interest-bearing product = total daily balance.
The transaction-by-transaction interest calculation method calculates interest one by one according to the preset interest calculation formula: interest = principal × interest rate × loan term, with three details:
If the interest-bearing period is a whole year (month), the interest-bearing formula is:
① Interest = principal × year (month )× year (month) interest rate
If the interest-bearing period is a whole year (month) and days, the interest-bearing formula is:
② Interest = principal × year (month) × year (month) interest rate principal × odd days × daily interest rate.