Will increase, loan interest is calculated at floating interest rate, interest. If the benchmark interest rate is adjusted, the repayment amount will also be adjusted. For liquid stocks, the range remains unchanged during the loan period. If the benchmark interest rate is adjusted, the loan interest rate will be raised (or lowered).

Of course, no matter how it is calculated, it will have an impact on the profits paid. As for when to implement the new interest rate, it should be determined according to the nature of the loan (commercial loan or provident fund loan), the lending bank and the relevant contract provisions.

Generally, there are three forms: one is the newly adjusted interest rate when the bank's interest rate is adjusted at the beginning of the year (ICBC, Agricultural Bank of China and China Construction Bank mortgage are all like this); Second, adjust the new interest rate throughout the year (China bank mortgage is fixed, and the new interest rate level is generally implemented in the month after the bank interest rate adjustment. The adjustment of the interest rate of provident fund loans is carried out every year 1 month 1 day.

Second, the mortgage interest rate is raised.

Up by 20%

3. How much will the mortgage interest rate increase in 2023?

In 2023, the benchmark interest rate for one-year (including one year) loans announced by the People's Bank of China was 4.35%, and the benchmark interest rate for one-to five-year (including five years) loans was 4.75%. For example, at present, the benchmark interest rate of commercial loans is 4.90%, and the loan term exceeds 5 years. Affected by the policy of restricting purchases and loans, local banks have adjusted the interest rate of the first home loan to varying degrees. The average interest rate of the first suite in China is 5.38%, and the interest rate generally rises by 5%-20%. The interest rate of the second home loan generally rose 10%-30%.

The benchmark interest rate of provident fund loans is 2.75% for loans with less than five years (inclusive), 3.25% for provident fund loans with more than five years, and the interest rate of second-home loans generally rises 10%. The benchmark interest rate of new loans announced by the People's Bank of China is subject to the latest interest rate announced by the People's Bank of China.

I. Entrusted loan:

Entrusted loans refer to loans issued, supervised and recovered by government departments, enterprises, institutions and individuals according to the loan object, purpose, amount and term determined by customers. The lender (trustee) only charges the handling fee and does not bear the loan risk.

2. Credit loan:

Credit loans refer to loans issued in the name of borrowers. Its characteristic is that the debtor does not need to provide collateral or third-party guarantee, but only needs to rely on his own reputation to obtain loans, and the borrower's credit degree is used as repayment guarantee. For a long time, this kind of credit loan has been the main loan method for banks in China.