Buying a house is a very happy thing, but the pressure of buying a house is a problem that many consumers cannot ignore and exist. Buying a house with a mortgage loan has allowed many families to live a happy life and enjoy a good life in advance. Moreover, the interest rates and methods of loans from each bank are different. ICBC is a good choice. Let’s take a look at how ICBC mortgages are stipulated and what the advantages of ICBC mortgages are, so that everyone can make more comparisons and choices.
What is the interest rate for ICBC housing loans?
1. The annual interest rate for commercial loans within one year: 4.350%.
2. Annual interest rate for commercial loans from one to five years: 4.750%.
3. The annual interest rate for commercial loans over five years is 4.900%.
4. The annual interest rate of provident fund loans for less than five years is 2.750%.
5. The annual interest rate of provident fund loans for more than five years is 3.250%.
Advantages of ICBC housing loans
It is understood that ICBC has a rich variety of personal housing loans, including pure commercial loans, provident fund loans, housing provident fund loans, housing provident fund loans, and commercial bank loans + Housing provident fund loans and other models are available for customers to choose from. In addition to this situation, ICBC's Happy Home personal housing loan also has the following advantages:
First, the loan period is long, with the general loan period being about 20 years and the longest being 30 years;
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Second, the loan amount is high, and the maximum loan amount can reach 70% of the value of the house purchased;
Third, the loan disbursement is fast, and ICBC’s personal housing loan approval speed is significantly higher than Other similar banks can successfully handle the process in about a week at the fastest;
Fourth, the repayment method is flexible. Loan applicants can choose the repayment method according to their actual situation to achieve flexible and free repayment. Way. ICBC allows you to pay off your mortgage loan early.
Fifth, the loan interest rate is low. ICBC’s personal housing loan interest rate is relatively low, and it provides preferential treatment to first-time home loan borrowers and high-quality customers, who can all enjoy preferential interest rates on first-time home loans.
When applying for a home loan, home buyers are most concerned about the loan amount and interest rate. ICBC home purchase loans have advantages in both aspects. Not only the loan amount is high, but the loan interest rate is also relatively low.
ICBC’s home loan business is a relatively common type of banking business. ICBC issues a loan to a customer that is guaranteed by the mortgage of a house in the customer’s name, which is guaranteed to a certain extent. Therefore, when choosing a bank loan, it is better to choose a reliable bank. There are many advantages of ICBC mortgage loans, such as long loan period, high loan amount, and flexible repayment methods. These are the reasons why consumers choose ICBC loans.