The First Mortgage Interest Rate Of The Four Largest Banks Will Not Be Higher Than The Benchmark Interest Rate.

Learned from state-owned banks, ICBC (4.43,0.02,0.45%), the Agricultural Bank of China (2.74,0.00,0.00%), Bank of China (3.07,0.01,0.33%) and China Construction Bank (4.89,0.03,0.62%) have jointly studied the differentiated housing policy, which refers to "effectively meeting the loan needs of households for the first time to purchase ordinary housing for self occupied housing, reasonably weighing the price, and reasonably pricing the benchmark interest rate according to the risk principle."

This means that the interest rates of the first four loans will not be higher than the benchmark interest rate.

Prior to 2011 due to tight funds and other reasons, some banks first suite loan interest rate to implement the benchmark interest rate of 1.1 times or 1.05 times, the first suite of housing costs also increased significantly.

However, since the beginning of this year, with the increase of bank credit lines, the mortgage policy of banks has undergone subtle changes.

In October last year, CCB raised the first suite mortgage interest rate by 5%, and implemented the benchmark interest rate 1.05 times.

However, from the end of January, the bank can implement the benchmark interest rate.

Another bank, which raised interest rates in the first suite last year, has also dropped from February 1st to the benchmark interest rate.

According to the reporter's understanding, at present, the first suite interest rates of the four major banks carry out the benchmark interest rate.

Other joint-stock banks are based on the basis of the benchmark interest rate, and some applicants will rise to a certain extent because of the credit status.

Another part of the foreign banks can get 5% off discount.

This year, Shen loan is much better than last year.

In addition to interest rate control within the benchmark interest rate,

A bank employee told reporters that the situation is much better than the second half of last year. Last year, because there was no quota, the only way to buy a house is to increase the price of the loan. Now, at least, this factor is not available. As long as the income is stable and there are no big problems, the profit rate is followed by the head office's policy, which is generally the lower limit of the implementation of the policy.

First home buyers drop in cost of payment

Zhang Dawei, director of Zhongyuan Real estate research, said that the demand for real home purchase in 2011 was from 30 percent off to

It is understood that in addition to the first suite of differential credit policy, the four major lines clearly support well qualified development enterprises to carry out the construction of ordinary commodity housing with market demand, and increase the effective supply of ordinary commercial housing.

Real estate stocks responded swiftly. Yesterday, real estate stocks became the leading A shares.

From the index trend, Shanghai real estate index rose 3.73% yesterday, and Shenzhen real estate index rose 4.22%.

Background

Regulators offer frequent signals to support the first suite.

Since the end of last year, the regulation of the first suite of credit policy has frequent "differential" tendencies.

In December 23, 2011, Jiang Weixin, Minister of housing and construction, said that next year, we must continue to adhere to the real estate regulation and control, strictly implement differentiated housing credit and tax policies, support the reasonable purchase needs of residents, and give priority to ensuring the loan needs of families for the first time.

In February 2012, the central bank issued a message on its official website that the central bank will continue to implement differentiated housing credit policies in support of housing loans, support the construction of ordinary commodity housing, meet the loan needs of first home buyers, and release the signal to meet the demand for first suite loans after the Ministry of housing, which will further increase market expectations for the first suite of interest rates.

Calculation

Million mortgage 10 percent off less interest 100 thousand

"If we can discount it, we will save a lot of money, and our housing pressure will also be reduced."

Miss Shen, who is looking at the house recently, said.

Miss Shen, who has worked for 2 years, is planning to get married.

For the current mortgage policy of many banks, the first set of 3 down payment and interest rate benchmark.

If the loan is paid for 1 million and 20 years, for example, if the benchmark interest rate is implemented, the monthly payment will be 7783 yuan, the total interest rate will be 867927 yuan, and if it can hit 10 percent off, the monthly payment will be reduced to 7364.76 yuan, and the total interest rate will be reduced by 100385 yuan to 767542 yuan.

Miss Shen said that although this condition can not be compared with the rate of thirty percent off preferential interest rate a few years ago, the interest rate for the first set of mortgage loans that can be discounted for a just demand family will be reduced correspondingly compared to the previous 1.1 and 1.05 times interest rates, whether monthly or total.

20 year loan 1 million repayment data

Monthly interest rate (yuan) total interest rate (yuan)

1.1 times 7.755 8212.57971017

1.05 times 7.4 7994.9918776

Benchmark interest rate 7.057783867927

5% off discount 6.698 7572.76817462

10 percent off discount 6.345 7364.76767542

30 percent off discount 4.935 6563.7575288