The loan interest rate shall be implemented in accordance with the loan interest rate of the same grade in the same period stipulated by the People's Bank of China. Generally speaking, "the age of the house+the age of the borrower" must not exceed 70 to apply for a loan.
The amount and duration of the loan require that the mortgage rate of commercial housing can be up to 80%, office buildings and shops can be up to 60%, industrial plants can be up to 50%, and the longest period can be up to 30 years. Mortgages include shops, offices, houses, villas, factories, warehouses and so on.
Extended data:
Please pay attention to the following matters when handling mortgage loans:
1. Apply for the loan amount according to your own ability.
When applying for personal housing loans, borrowers should make correct judgments on their economic strength and repayment ability, and at the same time make correct and objective predictions on their future income and expenditure.
Generally speaking, we should carefully determine the loan amount, loan term and repayment method after analyzing our expected income trend from our age, educational background, industry prospect of our profession, the nature of our company and other factors, and considering the factors of large future expenditure, and design the repayment plan according to our income level, leaving appropriate room.
2. Choose a good loan bank for mortgage.
For borrowers, if they buy existing houses or second-hand houses, they can choose their own loan banks. The more services provided by mortgage banks, the more detailed they will be, and they will get flexible and diverse personal financial services, as well as rich service and product portfolio.
For example, ICBC Shanghai Branch has launched a series of new measures, such as canceling the notarization link, canceling the income certificates of some customers with stable professional income and strong solvency, adjusting the loan term for borrowers, and allowing borrowers to change collateral and real estate rights.
3. Choose the repayment method that suits you best.
There are basically two repayment methods for individual housing loans: one is equal principal and interest repayment, and the other is equal principal repayment. If the borrower adopts the repayment method of equal principal and interest, the repayment amount will remain unchanged every month during the whole repayment period (except for adjusting the interest rate), and the interest will account for most of the total monthly repayment amount in the initial repayment period.
With the passage of time, the principal is gradually amortized and the loan balance is gradually reduced, so the interest payable is continuously reduced, the proportion of interest in the repayment amount will be continuously reduced, and the proportion of principal will be continuously increased.
However, if the repayment method in average capital is adopted, the principal will be divided equally during the whole repayment period, and the interest will be calculated on a daily basis according to the balance of the loan principal and repaid together with the principal. For borrowers, the monthly repayment amount is gradually decreasing, but the speed of repayment of principal remains unchanged.
For every borrower, when signing a loan contract with a bank, we must first understand two repayment methods and determine the most suitable repayment method, because once the repayment method is agreed in the contract, it cannot be changed during the whole loan period.
The information provided to the bank should be true.
To apply for personal housing commercial loans, banks generally require borrowers to provide proof of economic income. For individuals, true proof of personal occupation, position and economic income should be provided.
Because if your income doesn't reach a certain level, but you don't have enough ability to repay the loan, but you exaggerate your income level, you may default at the initial stage of repayment. The bank investigation proves that the borrower provides false certificates, which will greatly reduce the bank's trust in the borrower and thus affect your loan application.
5. Provide my address accurately and timely. If the address provided by the borrower to the bank is accurate, the bank will contact him conveniently and receive the repayment notice from the bank on time every month.
In addition, it is especially necessary to remind borrowers that when moving into a new house, they must inform the loan bank of their new contact address and contact information in time. Otherwise, once the borrower does not receive the relevant notice from the loan bank, it will cause some unnecessary troubles.
6. Repay on time every month to avoid penalty interest.
For the borrower, once the loan contract is signed with the bank, the first repayment should be fully deposited into the designated repayment account within one month after the contract is signed for the bank to deduct, because the repayment period has entered from the month after the loan is issued, and the lending bank should be entrusted to automatically deduct it from its own deposit account or credit card account on the agreed repayment date every month.
For borrowers, before the agreed repayment date every month, they should pay attention to whether there are enough funds in their repayment accounts to prevent default from being punished by banks due to their negligence.
Baidu encyclopedia-mortgage