1, 2007 the central bank raising interest rates five times Details:
① 2007.3.18 benchmark one-year deposit rate by 0.27 percentage points from 2.52% to 2.79%
One-year benchmark lending rate by 0.27 percentage points from 6.12% to 6.39%
② 2007.5.19 benchmark one-year deposit rate by 0.27 percentage points
One-year benchmark lending rate by 0.18 percentage points
Personal housing accumulation fund lending rates by a corresponding increase 0.09 percentage points
③ 2007.7.21 benchmark one-year deposit rate by 0.27 percentage points from 3.06% to 3.33%
One-year benchmark lending rate by 0.27 percentage points from 6.57% to 6.84%
Personal housing accumulation fund lending rates by a corresponding increase 0.09 percentage points
④ 2007.8.22 benchmark one-year deposit rate by 0.27 percentage points from 3.33% to 3.60%
One-year benchmark lending rate by 0.18 percentage points from 6.84% to 7.02%
Personal housing accumulation fund lending rates by a corresponding increase 0.09 percentage points
⑤ 2007.9.15 benchmark one-year deposit rate by 0.27 percentage points, from 3.6 percent to 3.87 percent
One-year benchmark lending rate by 0.27 percentage points from 7.02% to 7.29%
Personal housing accumulation fund lending rates by a corresponding increase 0.18 percentage points
Second, the individual housing loan interest rates
Five years or more individual housing loan interest rates table
2007.3.18 2007.5.19 2007.7.21 2007.8.22 2007.9.15
The benchmark rate 7.11% 7.20% 7.38% 7.56% 7.8300%
First set (for 15 per cent) 6.04% 6.12% 6.27% 6.43% 6.6555%
The second (as high as 10%) 7.82% 7.92% 8.12% 8.31% 8.6130%
Provident Fund 4.77% 4.86% 4.95% 5.04% 5.2200%
3, January 1, 2008 since the implementation of the new interest rates
New Year's Day next year, commercial banks around the individual housing loan interest rates will be unified implementation of the new standards, the loan will have a one-time home buyers will be digested by raising interest rates five times by the burden. So after five interest rate increase on how to increase for the operator? »
In fact, five times the mortgage interest rate increase to the impact of the mortgage, it is their own terms: the rising interest rate calculated per million of the increase in the mortgage, which will last through the mortgage amount multiplied by the amount of this increase.
For example: 20-year mortgage, mortgage rates to 6.84 percent at 10,000 yuan a month for the mortgage amount to 76.5724 yuan, while mortgage rates to 7.83 percent during the corresponding month for the 82.5891 yuan. In other words, every period of 20 million mortgage due this year, five times the rate hike caused by the increase in the month is 6.0167 yuan, so that we can work out 330,000 yuan 20-year mortgage on the increase amounted to 6.0167 yuan for × 33 = 198.5511 yuan, 470,000 yuan of the 20-year mortgage, for the increase amounted to 6.0167 yuan × 47 = 282.7849.
Measured the same way, the 10-year, the 15-year, 25-year, 30 million for each period for mortgage interest rate increase this year, five times the amount of increase for the month was 5.1457 yuan, 5.5957 yuan and 6.3984 yuan and 6.7356 Yuan. If a mortgage, the mortgage loans is 10-year mortgage 390,000 yuan, then the interest rate increase this year, five times the amount of increase for the month is 5.1457 yuan × 39 = 200.6823. If the mortgage is also a 25-year mortgage 530,000 yuan, is also very good terms, to 6.3984 yuan × 53 = 339.1152.
Fourth, it should be prepayments »
The March 2007 mid-mortgage loans of the public, this year's five home loan interest rate increase in effect on January 1, 2008 onwards reflects, more than a month to pay for, is in the affirmative. However, the Bank financial management division, from the bank financial point of view, there are two types of people also do not have to hurry to advance the mortgage.
Bank of China's fiscal division believes that if people do have idle funds, what good is not the investment direction, you can choose in advance repayment. But there are two categories of people should not hurry loan: First, if the mortgage repayment of the remaining money is also principal of the circumstances, prepayments not very meaningful; Second, if you have other opportunities for venture investment, There was no need to prepayments, general commercial bank lending rate is far higher than the mortgage interest rates, loan cost-again, or you have other investment opportunities, to get more than five percent of the proceeds from the repayment need not hurry.
"If you have the above situation, but is also provident fund loans, so there was no need to repay more. Provident fund loans bank lending rate is the lowest." ICBC business department of Mr. Ruan said. He also reminded that if the mortgage loans is not well-off households-on-hand, so no need to rush a patchwork of repayment.
Some people because of the recent stock market, the fund well, and originally intended to be used for investment money to also mortgage arrears, the proportion of these people is not small. The Industrial and Commercial Bank financial center manager Mr Cheung said, "Huanqian difficult to borrow money easily," If the customer does not have a future capital needs will also be to consider advancing the mortgage, and if there are competing demands of the next will have to think twice Before taking any action, "now to all types of mortgages and mortgage business Tingdiao, if the customer also be used to fund mortgage, and then to use bank funds to pay more costs. He will be the borrower first Repay their housing loans, which go for a higher interest rate mortgage. "
5, various commercial banks to the relevant provisions of prepayments
Industrial and Commercial Bank: mortgage early also does not currently. 1 year, the number of prepayments without restrictions, the repayment amount to 10,000. Customers to loan is generally on a reservation in advance;
Agricultural Bank: do not currently. 1 year, the number of prepayments without restrictions, the repayment amount million. Customers to loan 10 days ahead of general banking and booking;
Bank of China: do not currently. 1 year, the number of prepayments without restrictions, the repayment amount as all branches of the situation is different. Customers to loan is generally on a reservation in advance;
Construction Bank: do not currently, one year the number of prepayments without restrictions, the repayment amount million. To loan customers, a few days ahead of schedule with the banks appointment;
Bank of Communications: do not currently, one year the number of prepayments without restrictions, the repayment amount million. To loan customers, 12 weeks ahead of schedule with the banks appointment;
CITIC Bank: not to. A number of years not to restrict the repayment, the repayment amount is several times more than the entire million. Mortgages also generally to an early appointment, and the banks;
Minsheng Bank: At present, no fee is also ahead of the mortgage payment default. One year the repayment of a number of restrictions for each 20,000 yuan from the repayment amount. Also to mortgage banks and 10 days in advance booking;
China Everbright Bank: temporary loans also did not receive the advance payment default. One year the repayment of a number of restrictions for each 20,000 yuan from the repayment amount. Customers also general mortgage with the bank three days in advance booking, under special circumstances one day in advance booking line also.
China Merchants Bank: At present, no fee in advance is also the default mortgage payments. One year ahead of the absence of restrictions on the number of repayment, the amount of each repayment did not make provisions and also the best mortgage with the bank before the dial, is generally pick also.
The above for reference purposes only and the actual situation to prevail bank window.
① 2007.3.18 benchmark one-year deposit rate by 0.27 percentage points from 2.52% to 2.79%
One-year benchmark lending rate by 0.27 percentage points from 6.12% to 6.39%
② 2007.5.19 benchmark one-year deposit rate by 0.27 percentage points
One-year benchmark lending rate by 0.18 percentage points
Personal housing accumulation fund lending rates by a corresponding increase 0.09 percentage points
③ 2007.7.21 benchmark one-year deposit rate by 0.27 percentage points from 3.06% to 3.33%
One-year benchmark lending rate by 0.27 percentage points from 6.57% to 6.84%
Personal housing accumulation fund lending rates by a corresponding increase 0.09 percentage points
④ 2007.8.22 benchmark one-year deposit rate by 0.27 percentage points from 3.33% to 3.60%
One-year benchmark lending rate by 0.18 percentage points from 6.84% to 7.02%
Personal housing accumulation fund lending rates by a corresponding increase 0.09 percentage points
⑤ 2007.9.15 benchmark one-year deposit rate by 0.27 percentage points, from 3.6 percent to 3.87 percent
One-year benchmark lending rate by 0.27 percentage points from 7.02% to 7.29%
Personal housing accumulation fund lending rates by a corresponding increase 0.18 percentage points
Second, the individual housing loan interest rates
Five years or more individual housing loan interest rates table
2007.3.18 2007.5.19 2007.7.21 2007.8.22 2007.9.15
The benchmark rate 7.11% 7.20% 7.38% 7.56% 7.8300%
First set (for 15 per cent) 6.04% 6.12% 6.27% 6.43% 6.6555%
The second (as high as 10%) 7.82% 7.92% 8.12% 8.31% 8.6130%
Provident Fund 4.77% 4.86% 4.95% 5.04% 5.2200%
3, January 1, 2008 since the implementation of the new interest rates
New Year's Day next year, commercial banks around the individual housing loan interest rates will be unified implementation of the new standards, the loan will have a one-time home buyers will be digested by raising interest rates five times by the burden. So after five interest rate increase on how to increase for the operator? »
In fact, five times the mortgage interest rate increase to the impact of the mortgage, it is their own terms: the rising interest rate calculated per million of the increase in the mortgage, which will last through the mortgage amount multiplied by the amount of this increase.
For example: 20-year mortgage, mortgage rates to 6.84 percent at 10,000 yuan a month for the mortgage amount to 76.5724 yuan, while mortgage rates to 7.83 percent during the corresponding month for the 82.5891 yuan. In other words, every period of 20 million mortgage due this year, five times the rate hike caused by the increase in the month is 6.0167 yuan, so that we can work out 330,000 yuan 20-year mortgage on the increase amounted to 6.0167 yuan for × 33 = 198.5511 yuan, 470,000 yuan of the 20-year mortgage, for the increase amounted to 6.0167 yuan × 47 = 282.7849.
Measured the same way, the 10-year, the 15-year, 25-year, 30 million for each period for mortgage interest rate increase this year, five times the amount of increase for the month was 5.1457 yuan, 5.5957 yuan and 6.3984 yuan and 6.7356 Yuan. If a mortgage, the mortgage loans is 10-year mortgage 390,000 yuan, then the interest rate increase this year, five times the amount of increase for the month is 5.1457 yuan × 39 = 200.6823. If the mortgage is also a 25-year mortgage 530,000 yuan, is also very good terms, to 6.3984 yuan × 53 = 339.1152.
Fourth, it should be prepayments »
The March 2007 mid-mortgage loans of the public, this year's five home loan interest rate increase in effect on January 1, 2008 onwards reflects, more than a month to pay for, is in the affirmative. However, the Bank financial management division, from the bank financial point of view, there are two types of people also do not have to hurry to advance the mortgage.
Bank of China's fiscal division believes that if people do have idle funds, what good is not the investment direction, you can choose in advance repayment. But there are two categories of people should not hurry loan: First, if the mortgage repayment of the remaining money is also principal of the circumstances, prepayments not very meaningful; Second, if you have other opportunities for venture investment, There was no need to prepayments, general commercial bank lending rate is far higher than the mortgage interest rates, loan cost-again, or you have other investment opportunities, to get more than five percent of the proceeds from the repayment need not hurry.
"If you have the above situation, but is also provident fund loans, so there was no need to repay more. Provident fund loans bank lending rate is the lowest." ICBC business department of Mr. Ruan said. He also reminded that if the mortgage loans is not well-off households-on-hand, so no need to rush a patchwork of repayment.
Some people because of the recent stock market, the fund well, and originally intended to be used for investment money to also mortgage arrears, the proportion of these people is not small. The Industrial and Commercial Bank financial center manager Mr Cheung said, "Huanqian difficult to borrow money easily," If the customer does not have a future capital needs will also be to consider advancing the mortgage, and if there are competing demands of the next will have to think twice Before taking any action, "now to all types of mortgages and mortgage business Tingdiao, if the customer also be used to fund mortgage, and then to use bank funds to pay more costs. He will be the borrower first Repay their housing loans, which go for a higher interest rate mortgage. "
5, various commercial banks to the relevant provisions of prepayments
Industrial and Commercial Bank: mortgage early also does not currently. 1 year, the number of prepayments without restrictions, the repayment amount to 10,000. Customers to loan is generally on a reservation in advance;
Agricultural Bank: do not currently. 1 year, the number of prepayments without restrictions, the repayment amount million. Customers to loan 10 days ahead of general banking and booking;
Bank of China: do not currently. 1 year, the number of prepayments without restrictions, the repayment amount as all branches of the situation is different. Customers to loan is generally on a reservation in advance;
Construction Bank: do not currently, one year the number of prepayments without restrictions, the repayment amount million. To loan customers, a few days ahead of schedule with the banks appointment;
Bank of Communications: do not currently, one year the number of prepayments without restrictions, the repayment amount million. To loan customers, 12 weeks ahead of schedule with the banks appointment;
CITIC Bank: not to. A number of years not to restrict the repayment, the repayment amount is several times more than the entire million. Mortgages also generally to an early appointment, and the banks;
Minsheng Bank: At present, no fee is also ahead of the mortgage payment default. One year the repayment of a number of restrictions for each 20,000 yuan from the repayment amount. Also to mortgage banks and 10 days in advance booking;
China Everbright Bank: temporary loans also did not receive the advance payment default. One year the repayment of a number of restrictions for each 20,000 yuan from the repayment amount. Customers also general mortgage with the bank three days in advance booking, under special circumstances one day in advance booking line also.
China Merchants Bank: At present, no fee in advance is also the default mortgage payments. One year ahead of the absence of restrictions on the number of repayment, the amount of each repayment did not make provisions and also the best mortgage with the bank before the dial, is generally pick also.
The above for reference purposes only and the actual situation to prevail bank window.
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