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How to calculate the interest rate of real estate loan
How to calculate the interest rate of commercial housing loan?

The monthly calculation formula of commercial housing loan interest rate is as follows: [loan principal × monthly interest rate ×( 1 interest rate) repayment months] ÷ repayment months [( 1 interest rate].

This is just a calculation formula. You can use the mortgage calculator to calculate directly. This is more convenient and accurate.

How to calculate the mortgage interest rate

The calculation formula of mortgage interest is: interest = principal × interest rate × deposit period (i.e. time).

According to the repayment formula of general mortgage loans, it can be divided into two types:

1. Equal principal and interest calculation formula: calculation principle: the bank receives the interest of the remaining principal first, and then receives the principal from the monthly contribution; The proportion of interest in monthly payment decreases with the decrease of residual principal, and the proportion of principal in monthly payment increases with the increase, but the total monthly payment remains unchanged.

Second, the average capital calculation formula:

Monthly repayment = monthly principal, monthly principal and interest

Monthly principal = principal/repayment months

Monthly principal and interest = (principal-total accumulated repayment) x monthly interest rate

Calculation principle: the amount of principal returned every month is always the same, and the interest will decrease with the decrease of the remaining principal.

Housing loans mainly include the following:

1. Housing provident fund loan: For residents who have already paid the housing provident fund, low-interest housing provident fund loans should be the first choice when buying a house. Housing provident fund loans have the nature of policy subsidies, and the loan interest rate is very low, which is not only lower than the loan interest rate of commercial banks in the same period (only half of the mortgage interest rate of commercial banks).

2. Personal housing commercial loans: The above two loan methods are limited to employees who have paid the housing provident fund, and there are many restrictions. Therefore, people who have not paid the housing provident fund have no chance to apply for loans, but they can apply for personal housing secured loans from commercial banks, that is, bank mortgage loans.

I. The interest rate conversion formula for RMB business is (note: common for deposits and loans):

1. daily interest rate (0/000)= annual interest rate (%)÷360= monthly interest rate (‰)÷30.

2. Monthly interest rate (‰) = annual interest rate (%)÷ 12

Two, banks can use product interest method and transaction interest method to calculate interest.

1. Accumulate the account balance daily according to the actual number of days, and multiply 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.

2. 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.

At the same time, banks can choose to convert all interest-bearing periods into actual days to calculate interest, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar of the current month. The interest-bearing formula is as follows:

③ Interest = principal × actual days × daily interest rate

These three formulas are essentially the same, but because the interest rate conversion is only 360 days a year, when calculating the actual daily interest rate, it will be calculated as 365 days a year, and the result will be slightly biased.

Which formula is used specifically, the central bank gives financial institutions the right to choose independently. Therefore, the parties and financial institutions can agree on this in the contract.

How to calculate the commercial loan interest rate

The calculation method of commercial loan interest rate is as follows:

(1) At present, the benchmark interest rate for commercial loans with a loan term of more than five years is 4.90%. Due to the policy of restricting purchases and loans, the benchmark interest rate of commercial loans with a loan term of more than five years is 4.90%, and the interest rate of the first home loan is adjusted differently by local banks.

(2) The average interest rate of the first suite in China is 5.38%, and the interest rate generally rises by 5%-20%. The interest rate of the second home loan generally rose 10%-30%. During the same period, the benchmark interest rate of provident fund loans was 3.25%, and the interest rate of second-home loans generally rose 10%.

The second suite is defined as the borrower's family (including the borrower, spouse and minor children). If a family has used provident fund loans or commercial loans to buy a house and applies for a mortgage again, it will be regarded as a second suite.

How to calculate the interest rate of commercial loans?

The commercial loan interest rate for buying a house is 4.35% for six months and 4.75% for more than one year and less than three years. In fact, the annual interest rate of this commercial loan is calculated according to the term of the loan.

The interest rate of commercial loan for house purchase is 0-6 months (including 6 months), and the annual interest rate is 4.35%; 6 months-1 year (inclusive), with an annual interest rate of 4.35%; 1-3 years (including 3 years), with annual interest rate of 4.75%; 3-5 years (including 5 years), with an annual interest rate of 4.75%; 5-30 years (including 30 years), with an annual interest rate of 4.90%; The loan interest rate needs to be comprehensively priced according to the business type, credit status, guarantee method and other factors you apply for, and can only be determined after being approved by the handling outlets.

Who will bear the liability for breach of contract depends on the contract:

(1) If it is stipulated in the contract that the bank mortgage cannot be handled because the materials are not provided in time, or the materials are incomplete or untrue, thus the contract cannot be performed and the purpose of the contract cannot be achieved, the developer has the right to terminate the contract, and the buyer can be held liable for breach of contract.

(2) If it is stipulated in the contract that the developer fails to implement the mortgage bank and submit the mortgage loan materials in time, so that the contract cannot be performed and the purpose of the contract cannot be achieved, the buyer has the right to terminate the contract according to the provisions of the contract or the Civil Code, and may require the developer to bear the liability for breach of contract.

(3) If the bank mortgage loan is postponed, the loan amount is reduced or it cannot be handled due to bank reasons, both parties will generally have a supplementary contract or agreement, stipulating that the buyer will choose, or the buyer will pay the purchase price within a certain period of time, or the buyer has the right to terminate the contract; If the house payment is not paid within the time limit, the developer has the right to terminate the contract.

To sum up, the interest rate under commercial loans is different from that under provident fund loans, and the interest rate of provident fund loans is lower. But in reality, not everyone meets the conditions of provident fund loans, so at this time, they can only buy a house through commercial loans. What is the specific commercial loan interest rate for buying a house? Shan Weiguo made an introduction. At this time, it depends on the actual loan period. If the general loan term is longer, then the interest rate will naturally be higher.

In real life, perhaps for most young people, even those who have worked for a long time, buying a house still depends on an external force, such as commercial loans. Of course, this commercial loan also has annual profit requirements and interest regulations.

Legal basis: Article 25 of the Regulations on the Administration of RMB Interest Rate. If the lender advocates paying interest, the people will not support it.

The interest agreement between natural persons is not clear, and if the lender advocates paying interest, the people will not support it. Except for the loan between natural persons, if the agreement on the loan interest between the borrower and the lender is unclear, and the lender claims interest, the people shall determine the interest according to the contents of the private loan contract and the local or the parties' trading methods, trading habits, market quotation and other factors.

Article 26 If the lender requires the borrower to pay interest at the interest rate agreed in the contract, the people shall support it, except that the interest rate agreed by both parties exceeds four times the listed interest rate in the one-year loan market at the time of the establishment of the contract.

What is the interest rate of commercial housing loan?

1, commercial housing loan interest rate refers to the loan interest rate for buying a house, and its calculation formula is loan interest = loan amount, loan interest rate, loan term = loan amount, days and days, interest rate = loan amount, months and months, interest rate = loan amount, annual interest rate.

2. Commercial housing refers to all kinds of shops, salesrooms, restaurants, grain and oil shops, food markets, barber shops, photo studios, bathrooms, hotels, guest houses and other houses used for business and services for residents' lives, as well as office buildings and other office buildings.

3. Another explanation about commercial housing: Commercial housing refers to the houses such as shops, salesrooms, grain shops, bookstores, supply and marketing shops and restaurants developed by real estate development companies for external operations. Generally refers to the house on the ground floor facing the street.

4. Personal commercial housing loans refer to commercial loans issued by lenders to borrowers with their own funds for the purchase of commercial housing (including shops and office buildings). ).