What is the interest rate of China Construction Bank’s home loan?

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Because the current housing prices are very high, people need to get a bank loan to buy a house. , however, the loan interest rates of each bank are different. Today I want to share with you what is the interest rate of CCB’s home loan and what are the interest rates of other banks. Friends who want to know may wish to take a look with the editor. !

1. What is the interest rate of CCB mortgage loan

Short-term loan (within 6 months): 4.35

Short-term loan (6 months to 12 months): 4.35

Medium-term loan (1 to 3 years): 4.75

Medium- and long-term loan (3 to 5 years): 4.75

Medium- and long-term loan (5 More than 5 years): 4.9

Personal provident fund loan (within 5 years): 2.75

Personal provident fund loan (more than 5 years): 3.25

2. Other banks What are the interest rates

1. The loan interest rate of the People's Bank of China

Short-term loan (within 6 months): 4.35

Short-term loan (6 months~ 12 months): 4.35

Medium-term loan (1 to 3 years): 4.75

Medium- and long-term loan (3 to 5 years): 4.75

Medium and long-term loans (more than 5 years): 4.9

Personal provident fund loans (within 5 years): 2.75

Personal provident fund loans (more than 5 years): 3.25

2. Agricultural Bank of China loan interest rate

Short-term loan (within 6 months): 4.35

Short-term loan (6 months to 12 months): 4.35

Medium-term loan (1 to 3 years): 4.75

Medium- and long-term loan (3 to 5 years): 4.75

Medium- and long-term loan (more than 5 years): 4.9

Personal provident fund loan (within 5 years): 2.75

Personal provident fund loan (more than 5 years): 3.25

3. Loan interest rate of Industrial and Commercial Bank of China

Short-term loan (within 6 months): 4.35

Short-term loan (6 months to 12 months): 4.35

Medium-term loan (1 year to 3 years): 4.75

Medium- and long-term loans (3 to 5 years): 4.75

Medium- and long-term loans (more than 5 years): 4.9

Personal provident fund loans (within 5 years) ): 2.75

Personal provident fund loan (more than 5 years): 3.25

Editor’s summary: The above is what the editor has shared with you about the CCB mortgage interest rate and the interest rates of other banks. How much is it? I believe everyone will have a corresponding understanding after reading the above sharing. If you need to know more relevant information, please continue to pay attention to the Qijia.com website, and the editor will answer it for you one by one.

Enter the area and get a free renovation quote. What is the CCB mortgage interest rate in 2020?

2020 Construction Bank loan benchmark interest rate:

1. Short-term loans:

(1) Annual interest rate within one year (including one year): 4.35% .

2. Medium and long-term loan:

(1) Annual interest rate from one to five years (including five years): 4.75%.

(2) Annual interest rate for more than five years: 4.90%.

3. Personal housing provident fund loan:

1. Annual interest rate for less than five years (including five years): 2.75%.

2. Annual interest rate for more than five years: 3.25%.

Extended information:

There are two calculation formulas for mortgage repayment methods:

1. Calculation formula for equal principal and interest:

Calculation principle: From the monthly monthly payment, the bank first collects the interest on the remaining principal and then the principal; the proportion of interest in the monthly payment will decrease as the remaining principal decreases, and the proportion of principal in the monthly payment will decrease. The percentage increases due to the increase, but the total monthly payment remains the same.

It should be noted that:

(1) The maximum amount of provident fund loans in various cities should be considered based on local conditions.

(2) For residents who have purchased a house with a loan but the per capita area is lower than the local average, and then apply to buy a second ordinary self-owned house, the preferential policies for purchasing an ordinary self-owned house with a first loan will be implemented accordingly.

2. Calculation formula for equal amounts of principal:

Monthly repayment = monthly principal + monthly principal and interest

Monthly principal = principal /Number of repayment months

Monthly principal and interest = (principal - total cumulative repayment) Decreases as remaining principal decreases.

Baidu Encyclopedia: Mortgage Interest Rate How is CCB’s personal mortgage interest rate calculated?

CCB’s personal mortgage interest rate calculation method:\x0d\Equated principal and interest calculation formula:\x0d\〔Loan principal×monthly interest rate×(1+monthly interest rate)^number of repayment months〕÷〔(1 +Monthly interest rate)^Number of repayment months-1]\x0d\Example: Take a 1 million yuan mortgage as an example. The loan term is 20 years, and the principal and interest repayment method is equal.

If you enjoy the base interest rate, the monthly payment is now 7783.03 yuan. Starting from next month, after the implementation of the new interest rate, the monthly payment will be reduced to 7485.20 yuan, a monthly reduction of 297.83 yuan.