How Do I Choose the Best Real Estate Loan Rate?
Mortgage interest rate refers to a loan processed by a real estate in a bank, and the loan must pay interest at the interest rate prescribed by the bank. The interest rate of China's housing loans is uniformly regulated by the People's Bank of China. Each commercial bank can float within a certain range when it executes.
Mortgage interest rate
There are the following types of loans to buy a house:
1,
China
I. Basic knowledge of interest calculation
(1) The interest rate conversion formula for RMB business is (Note: deposit and loan are universal):
1.
Since June 8, 2012, the People's Bank of China has decided to lower the benchmark interest rate for RMB deposits and loans of financial institutions. The one-year benchmark interest rate for financial institutions will be reduced by 0.25 percentage points, and the one-year loan benchmark interest rate will be reduced by 0.25 percentage points. The benchmark interest rates for other grades of deposits and loans and personal housing provident fund deposits and loans will be adjusted accordingly.
From the same day: (1) Adjust the upper limit of the floating range of financial institution deposit interest rates to 1.1 times the benchmark interest rate; (2) Adjust the lower limit of the floating range of financial institution loan interest rates to 0.8 times the benchmark interest rate.
Since 2016,
October 26, 2010 Unit: Annual interest rate% | | |
Item | Interest rate before adjustment | Adjusted interest rate |
I. Deposits of urban and rural residents and units | | |
(1) Current deposit | 0.36 | 0.36 |
(2) Full deposit and withdrawal | | |
Three months | 1.71 | 1.91 |
Half a year | 1.98 | 2.20 |
One year | 2.25 | 2.50 |
Two years | 2.79 | 3.25 |
Three years | 3.33 | 3.85 |
Five years | 3.60 | 4.20 |
Second, various loans | | |
Six months | 4.86 | 5.10 |
One year | 5.31 | 5.56 |
One to three years | 5.40 | 5.60 |
Three to five years | 5.76 | 5.96 |
More than five years | 5.94 | 6.14 |
Interest rate adjustment on December 26, 2010 Unit: Annual interest rate% | | |
Item | Interest rate before adjustment | Adjusted interest rate |
I. Deposits of urban and rural residents and units | | |
(1) Current deposit | 0.36 | 0.36 |
(2) Full deposit and withdrawal | | |
Three months | 1.91 | 2.25 |
Half a year | 2.20 | 2.50 |
One year | 2.50 | 2.75 |
Two years | 3.25 | 3.55 |
Three years | 3.85 | 4.15 |
Five years | 4.20 | 4.55 |
Second, various loans | | |
Six months | 5.10 | 5.35 |
One year | 5.56 | 5.81 |
One to three years | 5.60 | 5.85 |
Three to five years | 5.96 | 6.22 |
More than five years | 6.14 | 6.40 |
Interest rate adjustment in February 2011 | Adjusted interest rate |
I. Deposits of urban and rural residents and units | |
(1) Current deposit | 0.40 |
(2) Full deposit and withdrawal | |
Three months | 2.60 |
Half a year | 2.80 |
One year | 3.00 |
Two years | 3.90 |
Three years | 4.50 |
Five years | 5.00 |
Second, various loans | |
Six months | 5.60 |
One year | 6.06 |
One to three years | 6.10 |
Three to five years | 6.45 |
More than five years | 6.60 |
Benchmark interest rate adjustment table for RMB deposits and loans on April 6, 2011 (after adjustment) Current deposit | 0.50 |
Take a fixed deposit | - |
Three months | 2.85 |
Half a year | 3.05 |
One year | 3.25 |
Two years | 4.15 |
Three years | 4.75 |
Five years | 5.25 |
Various loans | - |
Six months | 5.85 |
One year | 6.31 |
One to three years | 6.40 |
Three to five years | 6.65 |
Five years | 6.80 |
Interest rate adjustment on July 7, 2011 I. Deposits of urban and rural residents and units | |
(1) Current deposit | 0.50 |
(2) Full deposit and withdrawal | |
Three months | 3.10 |
Half a year | 3.30 |
One year | 3.50 |
Two years | 4.40 |
Three years | 5.00 |
Five years | 5.50 |
Second, various loans | |
Six months | 6.10 |
One year | 6.56 |
One to three years | 6.65 |
Three to five years | 6.90 |
More than five years | 7.05 |
Personal housing provident fund loan | |
Less than five years (including five years) | 4.45 |
More than five years | 4.90 |
Interest rate adjustment for 2012 June 8 RMB deposit and loan benchmark interest rate adjustment table (after adjustment) Current deposit | 0.40 |
Take a fixed deposit | - |
Three months | 2.85 |
Half a year | 3.05 |
One year | 3.25 |
Two years | 4.15 |
Three years | 4.75 |
Five years | 5.25 |
Various loans | - |
Six months | 5.85 |
One year | 6.31 |
One to three years | 6.40 |
Three to five years | 6.65 |
Five years | 6.80 |
The latest bank benchmark interest rates in 2013 Various loans | unit:% |
Six months | 5.6 |
One year | 6 |
One to three years | 6.15 |
Three to five years | 6.4 |
More than five years | 6.55 |
In the "individual housing loan contract" signed by most commercial banks and buyers,
Insiders reminded that three types of lenders do not have to repay their loans in advance: one is the choice
The interest rate of the first home loan of a state-owned bank in Guangzhou was reduced from 10% to 5%
In May 2014, there were loosening of mortgage interest rates in many places, and the housing mortgage market in Guangzhou also loosened. A state-owned bank has taken the lead in reducing the interest rate on the first home to 5%. In addition, many joint-stock banks have remained above 10%. Analysis believes that the adjustment rate of bank mortgage interest rates is not large, and due to the different conditions of various banks, it is difficult to simultaneously lower the interest rate of the first home loan below the benchmark. Signs, and the probability of maintaining the status quo in the first half of 2014 is relatively high. In addition, real estate companies' funds are already very tight, and loose mortgages are only symbolic. [6]
