Loans to enjoy 15% off

Reprint:

At the end of the concentration of the outbreak of the peak owing on the loan, as well as the new housing just passable, many banks less confident on New Year's day next year mortgage interest rate adjustment, in order to stabilize mortgage customers, the interest rate adjustment policy recently introduced more relaxed, even on the overdue repayment records of customers, banks can also give tolerance, and perhaps in the next benchmark interest rate 0.85 times lower interest rates.

Yesterday, the Agricultural Bank of Chinese issued "on individual housing loan interest rate adjustment notice", said in January 1, 2007 will be on 2006 before 19 August, the issuance of individual housing loan interest rate adjustment. The adjustment principle is: for the raw execution rate of 0.9 times the benchmark interest rate personal loans, repayment of principal and interest of normal, no overdue in next year's new year's Day pranayama, or due to the non malicious overdue causes continuous two (including) within the line, then the loan rates directly adjusted to 0.85 times the new benchmark interest rate.

Yesterday, Hushang ICBC, CCB, BOC, PUFA banks have made it clear that, already enjoy preferential interest rates downward float of 10%, as long as pranayama no overdue record, banks in the next year to adjust the interest rate, the interest rate adjustment will automatically as the discount rate to 15% off.

In August 19th this year, the central bank again raised the deposit and loan interest rates, while the commercial individual housing loan interest rates rise from 0.9 times to 0.85 times the benchmark interest rate loans. After more than five years period of adjustment, the individual housing loans benchmark interest rate of 6.84%, lower interest rates for 5.814%.

Notable is, China Merchants Bank, Shanghai Shanghai bank mortgage rates for regular adjustment, the bank personal loans customer interest rate has been raised is completed, and the adjustment principle is consistent with the large bank. Banks to remind the borrower, the future should pay attention to timely repayment, in order to obtain the most preferential mortgage rates.

So far, the major banks have been under the guidance of the 2007 housing policy, and Hushang grassroots branch staff said, the mortgage interest rate pricing initiative is still in the hands of the branches. Part of the branch networks revealed: as long as the repayment record is good, the stock of mortgage interest rates downward float of customers are up to 15%. It was also revealed, even the occasional overdue, as long as the borrower with the agency agreement, can also get preferential mortgage rates.

A joint-stock bank mortgage department pointed out that, despite the mortgage risks can not be ignored, but is still promising high-quality assets, many advantages of mortgage banks will still decided to seize the mortgage market as a primary objective, the banks generally take partial preferential policies.

However, Hushang Bank also said, individual commercial housing (offices, shops and so on) loans, personal consumption loans, loan to help the industry and other personal loans interest rates downward float of not more than 10%. At the same time, recently released "revolving credit", "with" innovative mortgage varieties of loan interest rates are generally in the benchmark interest rate to implement.

Careful people can figure out, if the majority of bank loans by 15% off words, so the long-term mortgage rates part in adjusted real will be "negative growth". In the medium and long-term loan of one to three years (inclusive) as an example, the interest rate hike before interest rates downward float of 10% is 6.03%, 5.67%, after the rate hike interest rates downward float of 15% is 6.30%, 5.355%, plus interest than before by the negative growth of 0.315 percentage points. And so on, three to five years (inclusive) loan interest rates, the increase in interest rates unchanged; more than five years, after raising interest rates by only 0.063 percentage points.