Everything you want to know about the mortgage loan interest rates of the four major banks in 2019 is here

Nowadays, the value of houses is still increasing rapidly. Some people not only used their houses as mortgages early, but even Second mortgages have already been done. There are also some private financial institutions that will provide customers with bridging advances. They will first take out the house from the bank and then go to a financial platform to make a mortgage. Today I mainly introduce to you bank housing loans. Regarding the mortgage loan interest rates of the four major banks in 2019, they are all introduced in this article.

1. Mortgage interest rates of the four major banks in 2019. Mortgage interest rates of the four major banks for one year and below are one to five years and for more than five years. There is news that the Bank of China will target some high-quality customers at the benchmark interest rate. A 10% discount is offered by other banks, and the loan interest rates of the three industrial and commercial banks, construction banks, and agricultural banks will also fluctuate on the base interest rate. Among them, the industrial and commercial bank loan interest rates are about 10%, the construction bank loan interest rates are about 20%, and the agricultural bank loan interest rates are about 5%. -20%.

2. What information is needed for a house mortgage? As mentioned in the article before, the first mortgage and the second mortgage need to be done in the same bank, otherwise the risk of being rejected is very high. After understanding this, the customer You can apply according to your own situation. To obtain a housing loan, you need to provide a real estate mortgage contract, which requires the signature of both parties, the house ownership certificate, the land ownership certificate, the property value assessment report, the bank loan contract, the ID cards and marriage certificates of both spouses. If you are unmarried, go to the local civil affairs office. The department issues a certificate. The above content is a brief introduction to bank mortgage loans. The interest rates in the same bank are different depending on the qualifications of the customers, let alone between different banks. Of course, everyone needs to know the upper limit of the basic interest rate fluctuation. If If you think it is acceptable, you can bring the information and apply. The mortgage loan interest rates of the four major banks

The current mortgage loan interest rates of the four major banks are 3.65% for one year and below, and 4.3% for one to three years.

It is reported that the Bank of China will offer a 10% discount on the benchmark interest rate for some high-quality customers, but this is not possible for several other banks, and the loan interest rates of the three banks of Industry and Commerce, Construction, and Agriculture will still be higher. It floats on the base interest rate, of which it is about 10% for industry and commerce, about 20% for construction, and about 5%-20% for agriculture.

Notes on real estate mortgage loans

1. The biggest difference from other loans is:

When the borrower fails to repay for a long time and as a last resort In this case, the bank will auction the mortgaged house to make up for the economic losses.

Therefore, banks will pay special attention to the borrower's credit record when approving housing mortgage loans, and will generally choose borrowers with better reputations to cooperate.

2. You cannot apply for a mortgage loan for a house that has not paid off its loan.

In other words, if the house is still under mortgage, the mortgage right of the house is actually in the hands of the bank. Although the borrower has the right to use it, he does not have full property rights, so he cannot apply for mortgage again.

3. The real estate mortgage needs to be the real estate in the name of the borrower. If there is someone else, there must be someone agreeing to the mortgage loan statement when mortgaging the property.

If there is a divorce in the marriage relationship certificate provided, you need to submit a divorce agreement or court judgment; if you are single after divorce, you need to provide proof that you have not remarried since the divorce. Bank loan interest rates from 2019 to 2021

People's Bank of China loan interest rate table 2019, People's Bank of China loan interest rate table 2021 latest version

Short-term loans (one year and within one year) The loan interest rate is 4.35%. The principal and interest amortization method refers to a method of regularly repaying principal and interest during the loan period. The loan interest rate is 4.75% for one to five years (inclusive). The loan interest rate is 4.75% for one to five years (inclusive). The loan interest rate for short-term loans is 4.75%.

The loan interest rate for short-term loans (one year and within one year) is 4.35%. The principal and interest amortization method refers to a method of regular repayment of principal and interest during the loan period. Method, the loan interest rate for one to five years (inclusive) is 4.75%, the loan interest rate for one to five years (inclusive) is 4.75%

Short-term loans (one year and less than one year) loans The interest rate is 4.35%. For medium and long-term loans, the loan interest rate for one to five years (inclusive) is 4.75%.

1. In 2019, the loan interest rates of major banks will float on the central bank's benchmark interest rate. The central bank's benchmark interest rate is: the loan interest rate for short-term loans (one year and within one year) is 4.35%. Medium and long-term loans. The loan interest rate for one to five years (inclusive) is 4.75%. The interest rate for loans over five years is 4.90%. Housing provident fund loan. The interest rate for loans under five years (inclusive) is 2.75%. The interest rate for loans over five years is 3.25%.

2. Four common calculation methods for bank loan interest: Simple interest method. The simple interest method means that during the loan period, on the agreed interest collection date, only the interest will be calculated and collected based on the loan principal. If there is no interest collected in the previous period, The interest received will not be used as the basis for interest calculation in the current period. Commercial banks in my country all use the simple interest method to calculate loan interest. The calculation formula is: interest = loan principal × loan daily interest rate × number of loan days

3. Compound interest method The compound interest method means that during the loan period, on the agreed interest collection date, if the interest from the previous period is not received, The interest of the previous period should be included in the principal as the new interest calculation base, and interest should be calculated and collected on this basis. Compound interest is commonly known as "compound interest". The calculation formula is: sum of principal and interest = loan principal × (1 + interest rate) * n power, interest = principal × [ (1 + interest rate) * n power - 1]

4. Discount method, discount This method refers to the method in which commercial banks deduct interest from the principal in advance when issuing loans, and the borrower repays the principal and interest once it is due. Commercial banks usually use this method when handling discount business for customers' commercial bills. The calculation formula is: interest = loan principal (or face amount) × number of loan days × discount daily interest rate

5. Principal and interest amortization method. The principal and interest amortization method refers to the regular repayment of the principal within the loan term. and interest method. This method is suitable for loan projects with larger amounts and longer terms, such as housing mortgage loans.

: For short-term loans within one year, including one year, the central bank’s benchmark interest rate is 4.35%; for medium-term loans from one to five years, including five years, the central bank’s benchmark interest rate is 4.75%

< p>The above information is about the content of "People's Bank of China Loan Interest Rate Table 2019, People's Bank of China Loan Interest Rate Table 2021 Latest Edition"