1. Will the house commercial loan be unable to be borrowed because the credit card is overdue?

There are regulations on the number of times and overdue days. Generally, if it is more than two times, an overdue certificate is required. In addition, if it is overdue, You will not be able to enjoy it beyond 90 days, and the probability of rejection

First of all, try your best when applying for a loan, and try your best to get the loan approved. The second step is to check whether the mortgage loan for your property can only be obtained from a certain home or at certain designated times, and ask several banks.

2. Will overdue credit cards lead to higher commercial loan interest rates?

No, but if there is a credit problem, future loans will be affected

3. If a credit card is overdue once, how much impact will it have on the mortgage loan? Will interest rates rise?

How much impact does one overdue payment have on the mortgage application: The cumulative number of short-term overdues within two years is less than 6 times, or the consecutive overdue times are less than 3 times, and the impact on the mortgage loan is very small. The so-called short-term overdue means that the overdue time is less than 90 days.

4. What is the formula for calculating commercial loan interest rates?

The interest calculation formula for commercial loans is "interest = commercial loan principal × commercial loan interest rate × commercial loan period". The calculation time of the interest rate should be consistent with the unit of the commercial loan period.

The data in the formula are generally stated in the commercial loan contract. Once you know the specific data, you can calculate the detailed value of the interest.

Commercial bank loan interest rate calculation formula

Suppose the total loan amount is A, the bank’s monthly interest rate is β, the total period is m (months), and the monthly repayment amount is X, Then the bank loan owed in each month is:

First month A

Second month A (1β)-X

Third month ( A(1β)-X)(1β)-X=A(1β)2-X[1(1β)]

The fourth month ((A(1β)-X)(1β)- X) (1β) -

A(1β)n_X[1(1β)(1β)2?(1β)n-1]=A(1β)n_X[(1β)n-1]/β

Since The total number of loan periods is m, that is, all the bank loans have been repaid in the mth month, so there is

A (1β) m_X [(1β) m-1]/β=0

Obtained from this

X=Aβ(1β)m/[(1β)m-1]