The repayment method of personal housing mortgage loan is as follows:

1, equal principal and interest: Divide the loan principal and interest into several equal parts and pay back the same mortgage every month, which is suitable for investors with little money and little initial pressure.

2. Average capital: the repayment amount is the highest in the first month, and then decreases month by month, which is suitable for stable investors.

3. One-time repayment of principal and interest: applicable to loans with repayment period within one year, not to mortgage.

Personal housing mortgage loan refers to the loan issued by the bank to the borrower for the purchase of self-occupied new housing, commonly known as "personal housing mortgage loan". The amount of personal housing mortgage loan issued by the bank shall not be higher than 80% of the value of the house to be purchased or the actual total cost of house purchase assessed by the real estate appraisal agency (whichever is lower).

Application conditions

1, with urban permanent residence or valid residence status;

2. Have a stable occupation and income, good credit, and the ability to repay the loan principal and interest on schedule;

3. Ensure that the self-raised funds of more than 20% of the total price of the purchased house are used to pay the down payment of the purchased house;

4. Take the assets recognized by the bank as collateral or pledge, or take the units or individuals with sufficient compensatory capacity as guarantors to repay the loan principal and interest and bear joint and several liabilities;

5. There is a purchase contract or agreement, and the purchase price basically conforms to the evaluation value of the bank or the real estate appraisal agency entrusted by the bank;

6. Other conditions stipulated by the bank.

The amount of personal housing mortgage loan issued by the bank shall not be higher than 80% of the value of the house to be purchased or the actual total cost of house purchase assessed by the real estate appraisal agency (whichever is lower).

The longest loan period shall not exceed 30 years. Usually, the borrower is not over 65 years old at the final maturity date of the loan. If there is a borrower, the loan term can be calculated according to the younger party.

Second-hand housing loans are determined according to the borrower's personality, occupation, education level, repayment ability, liquidity of purchased housing (including mortgaged housing) and other factors.

Term of the loan: generally within 20 years, and the maturity date of the loan cannot exceed the borrower's 65 years of age in principle. The loan interest rate shall be subject to the provisions of the People's Bank of China. In case of legal interest rate adjustment, if the term is less than 1 year, the contract interest rate will be implemented and interest will not be calculated by installments; If the term exceeds 1 year, the new interest rate will be implemented at the beginning of the following year.

loan limit

The loan amount is not higher than a certain proportion of the actual transaction price of real estate and the bank's approved evaluation price. The specific proportion is determined by the local bank branch according to the national housing credit policy and the credit status of the loan applicant.

deadline

The loan term shall not exceed 30 years, and the sum of the loan term and the borrower's age shall not exceed 65 years.

loan rate

The loan interest rate fluctuates in proportion on the basis of the commercial loan interest rate of the same grade in the same period announced by the People's Bank of China. The specific floating ratio is determined by the local bank branch according to the national housing credit policy and the credit status of the loan applicant.

Eight repayment methods of mortgage housing loan

Friends who buy a house by loan are most concerned about the expected annualized interest rate of the loan, which is probably the repayment method. You should know that the different repayment methods largely determine whether you can live in a good house without lowering the living standards of yourself and your family, and also determine to what extent you can maximize your own interests. Therefore, I think it is necessary for everyone to know about the repayment method of mortgage. The following eight repayment methods, see which one is most suitable for you.

1, equal repayment of principal and interest

The repayment principal increases month by month, the interest decreases month by month, and the total repayment amount remains unchanged. This repayment method is suitable for people with less income now and higher expectations for future income. For example, you are only an intern now, but you are confident in your work ability and believe that you will get a raise, so you can consider this repayment method. Its advantage is that the repayment method is simple and it is convenient for people to make financial planning.

2. Repayment by average capital

The repayment principal remains unchanged, the interest decreases month by month, and the total repayment amount decreases month by month. Suitable for people whose income is at the peak. Under the condition of the same principal and the same loan term, the interest paid by the average capital is less than that paid by repaying the same principal and interest. In other words, if you have reached the peak of your career and have a lot of money on hand, you can choose the repayment method in average capital.

3. Equal increase and equal decrease

These two repayment methods are variants of equal principal and interest, except that one loan period is divided into multiple loan periods, and equal principal and interest repayment is carried out in multiple loan periods, and the amount is increased or decreased between multiple loan periods. Suitable for people with similar repayment of principal and interest and repayment of principal.

4. Two weeks supply

Biweekly repayment shortens the repayment period and is higher than the original monthly repayment frequency. In this way, the principal of the loan decreases faster, which means that the loan interest returned during the whole repayment period will be far less than the loan interest returned at the time of monthly repayment, and the principal decreases faster. Therefore, it is suggested that civil servants and teachers with stable jobs and incomes can choose the repayment method of biweekly payment.

5. Mobile portfolio repayment

Make a repayment plan flexibly according to the lender's situation. Repayment through efficient use of funds is suitable for people with unstable income. If you like to change jobs frequently, take a vacation if you have nothing to do, or have obvious off-season and peak season at work, then this repayment method is very suitable for you.

6. Relay loan

Loans are jointly made by relatively older parents and younger children, and the mortgage time can be calculated according to the younger repayment person. This solves the needs of young people, such as those who have just joined the work. Suitable for harmonious and simple families. For the current one-child family, this should be the most appropriate repayment method. It should be noted that this method is more suitable for small families with simple finances, and families with many children and complicated interests suggest choosing other repayment methods.

7. Check-in repayment

It is agreed with the bank that only a small amount of loan interest will be repaid within a certain period of time, and the principal and interest will be repaid in equal or equal amount after a certain period of time. This method is suitable for people with less income at present. Do interns feel shot in the knee again?

8. revolving loan

Mortgage the property in the bank to get a loan, and then withdraw it by stages within the loan period, which is suitable for improving home ownership.

What are the mortgage repayment methods?

There are two repayment methods of bank mortgage: equal principal and interest repayment and equal principal repayment.

Matching principal and interest repayment is a popular repayment method at present, and it is also recommended by banks.

This is a repayment method with a fixed amount of expenditure. That is, the borrower repays the loan principal and interest with the same amount in each installment, and the repayment amount in each installment includes the principal to be repaid in the current period and the interest to be borne. During the whole repayment period, the monthly repayment amount is fixed.

Matching principal repayment means that the borrower distributes the loan amount evenly throughout the repayment period and repays it monthly, and at the same time pays off the interest generated from the loan balance from the previous repayment date to the current repayment period.

The loan principal is divided equally throughout the repayment period, and the interest is calculated daily according to the loan principal balance. The monthly repayment amount is gradually decreasing, but the rate of repayment of principal remains unchanged.

Is it better to choose equal principal and interest repayment or equal principal repayment for buying a house loan?

Equal principal and interest are good.

Mortgage loans generally adopt the repayment method of equal principal and interest, and most banks also default to this repayment method. Only a few use the average capital repayment method, which generally requires customers to apply actively, so banks will use the average capital as the repayment method of mortgage loans.

The reason why banks do this is because if the mortgage is repaid with equal principal and interest, customers need to pay more interest, and banks can charge more interest, which is beneficial to income; In addition, if the average capital repayment method is adopted, the pressure of customers' early repayment will be greater, so the credit conditions of customers will be higher, and customers need to have a certain economic foundation and stable economic sources, otherwise the possibility of overdue repayment will be greater.

If the customer's economic conditions are poor and it is not suitable to invest too much money in the initial stage of mortgage repayment, it is best to choose the repayment method of equal principal and interest. If customers don't want to pay too much interest, they can repay in advance when they have money, which can reduce interest and reduce borrowing costs.

What is the calculation formula of equal principal and interest repayment?

Generally, the term of mortgage loan for individual house purchase is more than one year, so one of the repayment methods is the equal principal and interest repayment method, that is, from the second month of using the loan, the loan principal and interest are repaid in equal amount every month. The calculation formula is as follows:

[loan principal × monthly interest rate ×( 1 monthly interest rate) repayment months]; [( 1 monthly interest rate) repayment months-1]

The following example illustrates the repayment method of equal principal and interest.

Suppose that the borrower obtains a personal housing loan of 200,000 yuan from the bank, with a loan term of 20 years and an annual interest rate of 4.2%, and repays the principal and interest every month. According to the above formula, the sum of monthly principal and interest payable is 1233.438+04 yuan.

What is the difference between equal principal and interest and average capital?

Matching principal repayment is to repay the principal in equal amount every month, and then calculate the interest according to the remaining principal. Therefore, at the beginning, due to the large amount of principal, the interest will be paid more, so the initial repayment amount will be more and will be reduced every month. The advantage of this method is that it is more suitable for families with strong repayment ability and reduces the interest expenses caused by large repayment in the early stage.

Matching principal and interest repayment is to repay the same amount of loans (including principal and interest) every month during the repayment period. Because the monthly repayment amount is fixed, it can control the expenditure of family income in a planned way, and it is also convenient for each family to determine their repayment ability according to their own income.

This is the end of the introduction of the repayment method of house mortgage loan and the cost-effective way of house mortgage repayment. I wonder if you found the information you need from it?