The interest rate first depends on the applicant's credit situation, and it can even be said that the loan interest rate is directly linked to personal qualifications and credit information.

Lending institutions mainly examine applicants from the aspects of work unit, income and running water. Generally speaking, employees of top 500 enterprises or civil servants of state organs and units will enjoy relatively more favorable interest rates.

Personal credit records directly affect the organization's judgment on whether the loan can be recovered smoothly. Therefore, if the applicant has a good personal credit record, it is more likely to enjoy a lower loan interest rate when applying for a loan. In addition, people who buy a house in full without a loan record also have an advantage over those who have a loan record in the loan interest rate.

Applicants should pay special attention to their personal credit information in peacetime, and check the credit report before applying for a loan, so as to be aware of it.

2. Subsidiary situation

The variety and valuation of the collateral provided by the applicant will also have a certain impact on the interest rate. Among them, the specific evaluation price of collateral is very important, and the proportion of mortgage loans is also determined according to the evaluation price. Because the real estate has the property of sharp depreciation, that is, the depreciation caused by wear and tear and natural loss is inevitable, and the lending institution will also estimate it according to the specific situation. For example, it is necessary to examine the qualifications of the mortgaged house (commercial housing or affordable housing, whether the land is civil or commercial), the evaluation value of the house, the location environment of the house, and the discounted value of the house. Most lending institutions only accept properties that are less than 20 years old.