With the approval of the State Council, the People's Bank of China issued a notice that since September 2, 2000, China's foreign currency deposit and loan interest rate management system has undergone major reforms, involving one of the contents: liberalizing foreign currency loan interest rates. Financial institutions independently determine the interest rate of foreign currency loans and their settlement methods according to factors such as interest rate changes in the international financial market, capital costs and risk differences.
There are two main pricing methods for foreign exchange loan interest rates:
Fixed interest rate refers to the fixed interest rate during the loan period. Its interest rate risk is high, but sometimes the risk return is also high;
Libor/hibor (London Interbank Offered Rate/Hong Kong Interbank Offered Rate) plus interest rate pricing method
Refers to the loan period, based on a certain interest rate in the market, according to the agreed period and additional level, to determine the interest rate again.
Its interest rate risk is low, but the risk return will be lower.
The loan interest rate mainly depends on the cost of capital, in addition to taxes, operating expenses, risk costs and benefits.
What's the loan interest rate of banks in Hong Kong?
The following is the benchmark interest rate for the Hong Kong dollar: 5.25% per annum.
Specific interest depends on what the bank gives you.
Mortgage will fall again, and many banks will lower the interest rate of the first home loan. Will the mortgage interest rate drop in the future?
The mortgage interest rate will definitely continue to decline in the future, because the mortgage interest rate in developed countries is generally between 0.5% and 2%, and our mortgage interest rate is still above 4.0%, so there is a lot of room for the loan interest rate to be lowered.
To some extent, when the mortgage interest rate is gradually lowered, more and more people will be willing to buy a house, which can also help us boost the real estate market everywhere. Especially when the mortgage interest rate has dropped from 5.5% to 4. 1%, this basically means that buying a house of one million will save 300,000 mortgage interest. This is a very exaggerated concept. For ordinary families, applying for a personal housing loan to buy a house seems to be a very cost-effective choice, but the mortgage interest that buyers need to pay for it is also very high, so it is almost universally expected to reduce the mortgage interest rate.
The mortgage interest rate will continue to decline in the future.
You can try to understand this: when our real estate market develops to a certain extent, we will encourage everyone to buy a house by lowering the mortgage interest rate. This measure may progress slowly, but for the deteriorating real estate market, the mortgage interest rate will definitely continue to decline. This way can not only lower the threshold for everyone to buy a house, but also greatly reduce the cost of buying a house.
Our mortgage interest rate will be close to that of developed countries.
If we look at the developed countries, we will find that the mortgage interest rates in almost all developed countries are less than 3%, and the mortgage interest rates in Hong Kong and Japan are generally between 0.5% and 20%. To some extent, because our social development has reached a certain level, the high mortgage interest rate is not conducive to the normal development of the whole real estate industry, and our mortgage interest rate will only be lower and lower in the future.
Personally, I think it is best for the majority of buyers not to worry about buying a house. We need to wait patiently for the mortgage interest rate to continue to be lowered, which can greatly reduce the cost of buying a house.
What are the requirements for buying a house in Hong Kong?
If you are a mainland hukou and want to buy a house, you need to meet these conditions when buying a house: First, you have a tax payment certificate (referring to personal income tax) in Hong Kong for five consecutive years or a social insurance certificate in Hong Kong for five consecutive years; Hold a valid temporary residence permit in Hong Kong. In addition, if the purchaser does not have a house in Hong Kong, is married and both husband and wife do not have a house in Hong Kong, then they need an ID card, a marriage certificate and a household registration book. Finally, in order to meet the above conditions, it is necessary to make a down payment of more than 60%, including 60%, and the loan interest rate will rise 10%.
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What are the precautions for buying a house in Hong Kong?
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1, you'd better ask a lawyer for assistance.
The development of Hong Kong is very good. Many mainlanders will want to buy a house in Hong Kong so that they can settle down in Hong Kong. However, there are great differences in the property market environment and tax rate between Hong Kong and the mainland, so there are also great differences in the places that need attention in the process of buying a house. If you are a mainlander buying a house in Hong Kong for the first time, I suggest you find a professional lawyer to accompany you, which can avoid a lot of unnecessary troubles.
2. The funds should be sufficient.
No matter where you buy a house, buyers need to prepare enough funds to buy a house first, and the house price in Hong Kong is also very high. If you buy a house in Hong Kong, you must first confirm whether the funds are in place before signing the sales contract, and it is best to know whether the local bank can handle mortgage loans, otherwise you will face a lot of trouble.
The extra cost of buying a house is really not low.
When buying a house in Hong Kong, you should not only prepare the house payment, but also prepare the taxes and fees when buying a house. In addition, if you plan to choose a lawyer to accompany you when buying a house, then the lawyer's fee also needs to be prepared. These are great supports, and buyers must pay attention to preparation.
What are the requirements for buying a house in Hong Kong? What are the precautions for buying a house in Hong Kong? What was accepted by everyone in the last article was the relevant content in this respect. If you want to buy a house in Hong Kong, you must meet the conditions for buying a house in Hong Kong. And there are many differences between Hong Kong and the Mainland. You must be prepared to buy a house in Hong Kong.
How much is the interest on bank mortgage loans in Hong Kong?
The latest benchmark interest rate for bank loans: the annual interest rate for loans from 0 to June (including June) is 4.35%, the annual interest rate for loans from 6- 1 year (including 1 year) is 4.35%, and the annual interest rate for loans from 1-3 years (including 3 years) is 4.75%. On this basis, there will be appropriate downward floating or upward floating.
How to inquire about the interest rate of RMB loans in Hong Kong?
Interest rate project annual interest rate (%) within six months (including six months) loan 5.60 six months to one year (including 1 year) loan 6.00 one to three years (including three years) loan 6. 15 three to five years (including five years) loan 6.40 five years or more 6.55