Many people will find that their mortgage interest rate is very high when they apply for housing loans. For borrowers, high mortgage interest rate will generate more loan interest. So, what if the mortgage interest rate is too high? Here, I would like to introduce the relevant measures for you.

Generally speaking, the loan interest rates of major banks are similar and it is difficult to change. For people with high mortgage interest rates, we can find ways from three aspects. These three aspects are specifically:

1, reduce the loan principal

If you think the loan interest rate is too high and the loan interest generated is unbearable, then you can consider raising the down payment and reducing the loan principal. After the loan principal is reduced, everyone can save a lot of interest. The increased down payment can be borrowed from relatives and friends at low or no interest.

2. Change the repayment method

Under the same interest rate and term, the loan interest generated by the average capital repayment method is much lower than that generated by the equal principal and interest repayment method. Therefore, in order to save the loan interest, average capital repayment method can be chosen. However, the repayment method of average capital will have greater repayment pressure in the early stage.

3. Extend the loan interest

High mortgage interest rate will naturally generate a lot of loan interest, and the borrower's monthly repayment pressure will be much greater. In order to relieve the pressure every month, the repayment period can be extended. However, extending the repayment period can only alleviate the repayment pressure and generate more total interest.

Through the above contents, I introduced what to do if the mortgage interest rate is too high. Generally speaking, you can save some interest or relieve stress in other ways.

What if the loan interest is too high?

1. First of all, when you have one or two overdue payments that are not serious, the bank's collection staff will be more "gentle". After all, the collection should also pay attention to the basic law.

2. If you really can't stand the approval of bank loans and the speed of the next payment, you can find private lending institutions, such as the popular online loans.

Although the interest rates of these loans are relatively high, their advantages are still obvious. There are many kinds of loans, except short-term loans, loanable loans and credit loans. Moreover, these openings are generally approved quickly, and loans are also fast, which is more friendly to black households with poor credit information. Some people don't check the credit, and they don't check the credit, which will not affect their personal records.

Simply put, the threshold for online lending is low, but the interest is high. Of course, not all online loan interest rates are too high. If you feel that the loan interest rate is too high, you can apply online to submit your own requirements, and professionals will match the loan with the lowest interest rate and the most suitable for you.

3. If you still feel that the matching result is not ideal and the loan interest is too high, there are ways to solve it. People with good popularity can borrow money from friends or parents. As far as the matter is concerned, if you really encounter financial difficulties, don't be ashamed to talk to your family. After all, your family and friends know you better than the bank.

What is the maximum loan interest stipulated by the state?

The state stipulates that the maximum interest rate of private lending is four times the benchmark interest rate of banks, depending on the specific loan period. For example, if your loan is a one-year loan and the benchmark interest rate of the People's Bank of China is 6%, then the interest rate of private lending cannot exceed 24%, otherwise it will be illegal.

7% interest of 500,000 = 5,000,007% = 35,000 yuan, which is one year's interest.

The highest interest rate of personal loans mainly depends on two aspects. The first is what kind of loan the bank you choose has, and the second is the value of your collateral (pledge).

At this stage, all banks are controlling loans because the country has raised the reserve ratio. If you want to make personal consumption loans, it is estimated that few banks can do it, and even if you do, the interest rate is relatively high.

As for the value of collateral, if you are a real estate mortgage, the general procedure is to find an appraisal company to issue an appraisal report first, and then multiply your appraisal price by a certain proportion to calculate your loan amount.