October 2nd, 2010 | 
Author: Evening News, National Bureau of Statistics released the latest series of interest rate increase is related to sensitive data, the market interest rate is expected to become strong, which carry the mortgage on the crowd, no doubt, is a bad news.
Bank mortgage experts say, in this case, the best option is to fixed mortgage rates, particularly fixed at a lower level. For example, Shanghai Bank of China recently introduced new loan customers for fixed-rate products, including 3-year and 5-year two species, the bank first 3-year fixed-rate pricing is 5.62%, 5-year fixed-rate Pricing for the 5.78%. Freedom of choice to combine the period up to renewal of two, that is up to 6-10 years in the interest rate can be fixed to avoid the risk of higher interest rates.
To an amount of 300,000 yuan, 10-year period of the loan as an example. Look at the floating interest rate, according to the current 7.11% (more than 5-year) interest rates, and 15% in the bank to discount the premise of the monthly repayment amount is 3337.17 yuan. Bank of China if the loans into fixed rate loans, up to 6 years, in accordance with the corresponding 5.62% interest rate and calculations, in the first 6 years, lenders amounted to 3194.65 yuan monthly payment, loan process interest can be saved to 7776.72 yuan. For such a prepayment plan’s customers, in fact enjoy a special discount rate.
And these only in accordance with the rates calculated under the same circumstances. Floating interest rate may change each year, if interest rates increase again if the fixed interest rate products more highlights its strengths, the financial arrangements would not be disrupted by raising interest rates a rhythm.
To better meet the “low for short-term loans,” personalized repayment, “provincial interest such as loan demand, yesterday, the reporter learned from China Everbright Bank, the bank’s new” Xpress will also provide housing loans innovative products A, B, C, D four kinds of new payment method to meet the different needs of borrowers.
Individual housing loans may “blossoms also
“A Loan Xpress also has a prepayment for the ability to provide customers with a payment service, the product of a period of 3 years, 5 years of the two grades, and customers can be divided into two sections of the loan period (paragraph 2, also shall limit is 2 months), while the proportion of the agreed repayment of principal of each stage, equal in every way within the use of monthly repayment, loan interest loan principal in accordance with the actual holding time installments.
“Blossoms also provide loans for housing B” service repayment grace period. The maximum of 10 days grace period, customers return extension for the month, China Everbright Bank will waive the penalty, and as a normal payment, to avoid the busy customer negligence leading to late payments or embarrassment, and to lead to customer retention good credit.
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Tags: Bank mortgage experts, financial arrangements, personalized repayment