In September 2022, many departments issued favorable policies for the first home loan interest rate. Since then, many documents from 10 to 1 have been issued for follow-up. In terms of provident fund loans, various localities frequently announced interest rate reduction policies; In terms of commercial loans, according to the latest LPR data, the lowest interest rate of the first home loan previously implemented in various places is 4. 1%.
After the announcement, the number of cities with interest rates "breaking 4" gradually increased, and Jining, Qingyuan, Zhanjiang, Wuhan and other places were lowered one after another. For example, Qingyuan can achieve an interest rate of 3.7%, and Jiangmen, Yunfu, Zhanjiang and other places even canceled the lower limit of interest rates.
Factors affecting interest rates:
1, personal qualification
When handling commercial loans, different people apply to the same bank, and the loan interest rate may be different. This difference is determined by personal credit information, salary income, bank flow and assets. The better the personal qualifications, the lower the interest rate will be.
For this reason, if the borrower wants to get the lowest interest rate, it is best to apply for a mortgage with good credit information and sufficient repayment ability; At the same time, loan information is fully prepared, such as running water, salary income, business license, etc. , as well as various financial proof materials.
2. Lending bank
Commercial loans are handled by banks. Although the interest rate of LPR is based on the latest LPR, the base point is determined by the bank, and different interest rates are set by the bank. Therefore, borrowers should be cautious when choosing loan banks.
If you have the conditions, you can become a high-quality customer of the bank first, such as depositing a large deposit certificate in the bank, or buying wealth management and funds to show your financial resources. When the bank sees that the borrower is rich, it will regard him as a potential stock, and the basis point will be lower, so the mortgage interest rate will be lower.
3. Market factors
The loan interest rate will change with the market supply and demand and risk factors. For example, houses in some third-and fourth-tier cities cannot be sold. In order to promote real estate market transactions, it may be possible to attract borrowers to buy houses by lowering the mortgage interest rate.
4. Other factors
In addition, the borrower's loan amount, loan term, debt ratio and other factors will also affect the loan interest rate, because it involves risk management and control issues, such as large loan amount, long service life and high borrower debt ratio. For banks, the greater the loan risk, the higher the interest rate.