Since the second half of this year, the word "prepayment" has become more and more popular, and many property buyers are actively getting rid of their "negative" status and joining the army of prepayment. On the application "Little Red Book" that young people like, many people share their ideas, strategies and calculation methods for repaying mortgages in advance.
On the one hand, property buyers repay loans in advance for various reasons, and on the other hand, banks are unwilling to lose the loan stock of high-quality business quickly. The phenomenon of "queuing to repay mortgages" is becoming more and more common in major first-and second-tier cities. In some banks in Hangzhou, early repayment of mortgages has to wait in line until next April.
Huang Xin, who lives in Putuo District, Shanghai, recently wanted to replace an old house and go to the new house market to "innovate". Since the old house still had more than 2, yuan of loan principal, Huang Xin went to a branch of Agricultural Bank of China Putuo to make an appointment to repay the loan in advance. This commercial loan was borrowed in 216, when the commercial loan interest rate was very low, only 4.3%.
As a result, Huang Xin found that it was more difficult than expected to repay the loan of more than 2, yuan in advance. "In the past, every time I came to the personal credit department to do business, most of the people who lined up together came to do the business of withdrawing the provident fund and repaying the mortgage. As a result, I recently went to the Agricultural Bank of China and found that there were six or seven people in front, all of whom were handling the mortgage repayment business in advance." Huang Xin told CBN.
After waiting in line for more than half an hour, Huang Xin told the bank counter staff that she had come to apply for early repayment of commercial loans. The staff said that it was necessary to wait in line for at least 2-3 months, and then the bank would call the news, and then go through the process to deposit the remaining principal into the account for deduction.
A senior real estate agent in Shanghai told reporters that it was actually not difficult to go through the formalities of repaying the loan in advance in the past. Generally, the bank will give feedback after 2-3 weeks of application, but now it has changed from 2-3 weeks to 2-3 months, really because there are too many people who repay the loan in advance.
Huang Xin also found that there is a big difference between provident fund loans and commercial loans in early repayment. "The provident fund loan is repaid in advance, which is no different from the past. After the application, the process can be smoothly followed, and all the cards are commercial loans."
Huang Xin believes that this is mainly due to the fact that the money for provident fund loans comes from the provident fund management center, which entrusts commercial banks to distribute it, but the provident fund management center does not card the repayment amount like banks now.
Wang Wen, a citizen of Hangzhou, recently wanted to pay off part of his mortgage in advance, but his reasons are different from Huang Xin's. Wang Wen bought a house in mid-221, with a business loan of more than 1 million yuan, and the interest rate is close to 6%. Now Hangzhou has implemented the first set of interest rate of 4.1%, which is nearly 2 percentage points lower than when Wang Wen bought a house, so Wang Wen thinks he is "on guard".
Wang Wen told reporters that his mortgage interest rate is not the highest. In August and September last year, the interest rate of the first suite in Hangzhou was the highest and even rushed to 6.25%. Seeing this year's situation, he felt particularly magical. "I especially want to replace this part of the high-interest mortgage. If I can't replace it, I will use part of the deposit in advance, otherwise it will be too bad. Now there is no good investment channel to earn such high interest."
at present, Wang Wen has normally repaid his mortgage for one year according to the contract, so he can make an appointment to repay the loan in advance. However, after consulting, he found that he still needs to wait in line for four months to repay the loan in advance, and it is not clear when it will arrive.
In addition to Shanghai and Hangzhou, there are similar situations in many big cities. For example, in Beijing, residents reported that a state-owned bank would have to wait in line until March next year, while in Guangzhou, banks said that it would take about 3 to 4 days to apply for early repayment.
There are various reasons for the "loan repayment in advance"
Looking back at the beginning of last year, Shanghai was still in a situation where the balance of mortgage payment was insufficient and buyers had to wait for three or four months. By the second half of this year, it had become a mortgage loan for one or two weeks, but the loan repayment in advance had to be queued, and the reversal was caught off guard.
why are banks unwilling to approve early repayment immediately? A person in charge of a head agency in Shanghai told the reporter: "Banks also have quota restrictions every month. Now, the number of customers who apply for early repayment of loans has increased significantly. After spending the quota of the current month, they can only arrange customers to next month, especially state-owned banks. There is great pressure to keep the loan stock at the end of the year."
according to the statistics of the semi-annual report, in the first half of this year, the personal housing loans of industrial, agricultural, China, construction, communications and postal savings banks increased by 415.5 billion yuan, which is obviously lower than last year. In 221, the individual housing loans of the above six banks increased by 2.48 trillion yuan.
For a long time, personal housing loans have been regarded as the best loan business of bank assets, and the non-performing rate is lower than that of personal business loans, personal consumption loans and credit card loans. However, this year, customers' willingness to borrow money to buy a house is declining. According to the financial data released by the central bank on November 1th, financial institutions increased RMB loans by 615.2 billion yuan in October, a year-on-year decrease of 211 billion yuan. It is not difficult to understand why major banks should "guarantee the mortgage stock" near the end of the year.
In the second half of this year, the number of customers applying for early repayment of loans has increased significantly. Why? The reasons may vary from city to city. A property market analyst in Shanghai told reporters: "The main reason for the emergence of more early borrowers in Shanghai is that there are many new houses entering the market in the second half of the year, including rare and good houses in downtown areas, and many projects with a unit price of' 1,+',so many people want to replace them and make new ones."
According to the survey data of RealData, since the second half of this year, the demand for "selling one and buying one" to replace new houses has become more and more mainstream. When selling a suite, if the suite has a mortgage, urban residents who have not implemented the "transfer with mortgage" must first pay off the mortgage.
Yan Yuejin, research director of the think tank center of Yiju Research Institute, believes that the main reason for the early repayment of loans by buyers in some cities is that the loan interest was too high before, and now the mortgage interest has dropped a lot, so buyers are unwilling to bear too high costs.
at this year's interim results conference, some senior executives of state-owned banks also answered this question. Lin Li, deputy governor of the Agricultural Bank of China, said that a small number of individual housing loan customers have chosen to repay their mortgages in advance, mainly based on their own financial planning, which is also related to the decline of the financial investment yield center at this stage. Zheng Guoyu, vice president of the Industrial and Commercial Bank of China, said that a small number of mortgage customers did pay in advance to adjust their family balance sheets, but compared with previous years, this trend was not very obvious.
In addition, the relevant person in charge of a head agency in Shanghai also told reporters that some buyers with "high mortgage interest rate" are trying to replace their mortgages and illegally turn them into "operating loans" with lower interest rates.
In order to facilitate the transaction of second-hand houses, many cities have introduced "transfer with mortgage", that is, you can register the transfer without releasing the mortgage, which can reduce the pressure on the owners to repay the loan in advance and greatly shorten the transaction time of second-hand houses. According to Kerui's statistics, 16 cities such as Shenzhen, Suzhou and Jinan have completed the first "transfer with mortgage" business of second-hand houses, and Guangzhou, Xi 'an and Xuzhou have issued documents to promote the "transfer with mortgage" mode of second-hand houses.
if more cities promote "transfer with mortgage", can it reduce the trouble of queuing to repay the mortgage in advance? A person familiar with the matter told reporters that whether the mortgage transfer can be implemented is also a game between banks. "Small and medium-sized banks are more supportive. They think that the mortgage transfer can bring them more mortgage business, and the attitude of the state-owned banks with large mortgage stocks is not so positive, so this policy cannot be promoted quickly."