1. Housing loan, also known as housing mortgage loan, refers to the application form for housing mortgage loan filled out by property buyers to the loan bank, as well as the supporting documents required by legal documents such as ID card, income certificate, housing sales contract and guarantee. After passing the examination, the loan bank promises loans to the buyers, and handles the real estate mortgage registration and notarization according to the house sales contract provided by the buyers and the mortgage loan contract concluded between the bank and the buyers, and the bank directly transfers the loan funds within the time limit stipulated in the contract.
Second, the common sense of loan interest
(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):
1. daily interest rate (0/000)= annual interest rate (%)÷360= monthly interest rate (‰)÷30, and monthly interest rate (‰) = annual interest rate (%)÷ 12.
(two) banks can use the product interest method and the transaction interest method to calculate interest.
1. Accumulate the account balance daily according to the actual number of days, and multiply the accumulated product by the daily interest rate to calculate the interest. The interest-bearing formula is: interest = accumulated interest-bearing products × daily interest rate, where accumulated interest-bearing products = total daily balance.
2. Transaction-by-transaction interest calculation method calculates interest one by one according to the preset interest calculation formula: interest = principal × interest rate × loan term.
There are three specific types: if the interest-bearing period is a whole year (month), the interest-bearing formula is: ① Interest = principal × years (months) × interest rate. If the interest period is a whole year (month) and a fraction day,
The interest calculation formula is: ② Interest = principal × year (month) × year (month) interest rate+principal × odd days × daily interest rate. At the same time, banks can choose to convert all interest-bearing periods into actual days to calculate interest, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar of the current month.
The interest calculation formula is: ③ Interest = principal × actual days × daily interest rate. These three formulas are essentially the same. However, because only 360 days are calculated in a year in interest rate conversion, the actual daily interest rate will be calculated as 365 days a year, and the result will be slightly different. Which formula is used specifically, the central bank gives financial institutions the right to choose independently. Therefore, the parties and financial institutions can agree on this in the contract.
(3) Compound interest: Compound interest means adding interest at a certain interest rate. According to the regulations of the central bank, if the borrower fails to repay the interest at the time agreed in the contract, it will be charged with compound interest.
(4) Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest paid by the bank to the defaulter according to the contract signed with the parties is called bank penalty interest.
(V) loans overdue liquidated damages: penalties for the defaulting party with the same nature as penalty interest.
(six) the formulation and filing of interest calculation methods