Secret Business Tips

With the fifth time the central bank raise interest rates become a reality, the market entry rate hike cycle.

For lenders, the principal and interest from the matching, equal principal repayment method, the fixed-rate mortgage, for bi-weekly, revolving loan, with the use as also other, how dazzling custom mortgage products for their own financial plan become an integral future life plans. Then, the rate hike cycle in which loans can be chosen to do their own decompression?

Everbright Bank official told reporters that related, if you have applied for bank loans, interest rates are unwilling because of increases take on additional loans for house purchase costs, then only two ways to make his own interest paid to banks maintained or Lue higher than the interest rate increase before the number, one through the early repayment of loans to avoid paying more interest on bank loans, of course, this requires a lot of idle funds in hand. Second, by converting to fixed-rate loans to bind to the lending rates in the future period of time the interest rate will not increase with the increase.

This reporter learned that, at present in Beijing Everbright Bank and China Construction Bank can only provide fixed rate loans, in the interest rate hikes, Everbright has raised the fixed rate level, but still below the benchmark interest rate, while the bank is currently not yet published Zuixin solid Loan interest rates. So, fixed-rate loans how much interest it can be saved? Bank calculations of the responsible person, the amount of three million yuan loan, the calculation period of 10 years, with equal payment method, after the central bank raise interest rates four times over, if you choose a fixed interest rate the lender will be able to save about 180 000 element of interest.

But experts advise borrowers, Zai decided to advance repayment or conversion should be fixed before the credit business and banking to the full communication, in considering the savings in interest, attention should not blindly Xuanze prepayment Huozhe convertible loan way, do not because the “benefit of small impact their normal life.

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