Which bank has the lowest mortgage interest rate?

Take Foshan City as an example. At present, the interest rate for first-home loans in Foshan has generally dropped to 5.6%, with the lowest reaching 5.4%, and the interest rate for second-home loans has dropped to 5.8%. The lowest is 5.6%. The first home loan interest rate table of each bank is ranked as follows: Industrial Bank: 5.40%; Hang Seng Bank: 5.45%; Agricultural Bank of China: 5.60%; Industrial and Commercial Bank of China: 5.60%; Bank of Communications: 5.60%; Rural Commercial Bank: 5.60%; China Merchants Bank: 5.70% Postal Savings Bank: 5.70%.

Notes on applying for a mortgage:

Credit report

Credit report records are known as economic identity cards. Our credit records, credit card and loan liabilities, home address, Even mobile phone numbers, water and electricity arrears records, etc. will be reflected in the credit report. When a bank reviews a home loan, it will check the credit status of the home buyer. If the credit card or other loans are overdue three times in a row or six times in total, the loan will basically be rejected.

In short, everyone should pay attention to credit issues and maintain a good credit score regardless of whether they are considering buying a house.

In terms of age

Although as long as they are of age they are eligible to apply for a mortgage, most of the younger home buyers will be denied loans or have their loan amounts reduced, because older people in this age group Most people have unstable incomes and need their parents to help them pay off their mortgages. Therefore, it is generally difficult for younger home buyers to obtain loans, mainly young people aged 18-21, and those aged around 30 to 40 are more favored by banks.

Bank statements

Banks not only need to check the credit record of the home buyer, but also ask the home buyer to provide bank statements and income certificates for half a year or one year. Banks generally require home buyers’ monthly income to be 2 times or 2.2 times the monthly loan payment. For example, if a home buyer wants a monthly loan payment of 5,000 yuan, then the home buyer's monthly income needs to be at least 10,000 yuan or 11,000 yuan.

A home loan, also known as a home mortgage loan, requires a home buyer to fill in an application form for a home mortgage loan to the lending bank and provide legal documents such as ID card, income certificate, house sales contract, and guarantee letter. After passing the examination and passing the certification documents that must be submitted as required, the lending bank promises a loan to the home buyer, and handles real estate mortgage registration and notarization based on the house sales contract provided by the home buyer and the mortgage loan contract entered into between the bank and the home buyer. Within the period specified in the contract, the loaned funds will be directly transferred to the account of the selling unit with the bank.

Repayment methods for housing loans with a loan term of more than one year generally include equal principal repayment and equal principal and interest repayment.

The equal amount of principal is to divide the total amount of the loan into equal parts during the repayment period, and repay the same amount of principal and the interest generated by the remaining loan in that month every month.

Monthly repayment amount = (loan principal/number of repayment months) (principal - cumulative amount of repaid principal) × monthly interest rate

Equal principal and interest are repaid in During the loan period, the same amount of loan (including principal and interest) will be repaid every month.

Monthly repayment amount = [Loan principal×monthly interest rate×(1-month interest rate)^number of repayment months]÷[(1-month interest rate)^number of repayment months-1]

Which bank has the lowest interest rate for loans to buy a house

The RMB loan interest rate announced by the People's Bank of China for the day is used as the base interest rate, which can be adjusted appropriately depending on the customer's situation and the type of loan. For details, please contact the local branch of Bank of China. Regarding the loan interest rates of other banks, please contact the staff of other banks directly for consultation.

The above content is for your reference, please refer to actual business regulations.

Which bank has the lowest interest rate for real estate mortgage loans

Generally speaking, the interest rate of state-owned commercial banks will be lower than that of joint-stock commercial banks. The standards of major banks are different. Here are a few brief introductions , you can refer to it, the specific requirements are subject to the bank:

1. Industrial and Commercial Bank of China. It is generally required that the credit report cannot have three or six consecutive credit reports within two years. Internet small loans cannot exceed 4. There is no requirement for the number of inquiries. The house within 20 years old is a complete residence. The loan amount is about 70%, and the monthly interest is 3%. 12.

2. China Construction Bank. The same requirements apply: there cannot be three consecutive cases, the number of inquiries cannot exceed 6 times within half a year, the number of Internet small loans cannot exceed 3 times, the business license must be one year old, and the monthly interest is 3%2.

3. Bank of Communications.

There cannot be three consecutive cases, the number of inquiries cannot exceed 6 times in half a year, and the business license has been expired for half a year, and the monthly interest is 3%2.

Real estate certificate mortgage loan refers to a loan in which the borrower uses the purchased house and other owned properties as mortgage or pledge, or a third party provides guarantee for the loan and assumes joint liability. It is a triangular relationship connected by the housing sales contract, housing mortgage agreement, and housing mortgage loan contract.

Real estate certificate mortgage loan actually refers to the type of bank loan that uses the commercial house that the customer already owns and can be put on the market to mortgage. It is different from the second-hand property loan and the first-hand property loan in that the customer already owns Title to the property is settled, not owned. Mortgage housing loans need to have a clear loan purpose and cannot be used for purposes expressly prohibited by laws and regulations.

For example, real estate speculation and stock speculation are not allowed. Mortgage housing loans are required to be earmarked for special purposes and subject to supervision by the loan originator and regulatory agencies. If violations are found, the bank has the right to recover the loan.

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