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How to get the best loan for the second house

How to get the best loan for the second house

Now there are a lot of people who buy a house. It's very common to buy a house loan. The loan will involve interest. Do you know the interest rate of the second house loan? If you want to loan, what is the right way to choose? Now, let's talk about the cost-effective way of second house loan?

What's the best way to get a second house loan?

In many loans, the interest rate of provident fund loan is relatively low, so no matter how many apartments you buy, it is recommended to choose provident fund loan.

1. If the housing area is less than 90 m2, the down payment ratio is 20% of the total housing price; if the housing area is more than 90 m2, the down payment ratio is 30% of the total housing price.

2. For the second provident fund loan, the down payment ratio is 50% of the total housing price, and the loan interest rate for more than five years is 4.95%.

3. The second set of housing provident fund loan can only be handled after the first set of housing provident fund loan is paid off, otherwise the bank has the right to refuse your application.

Now buying a house is more and more popular, the house is a set of purchase. If it's a loan to buy a house, it's necessary to figure out what the loan interest rate of the second house is, so as to calculate the extra expenses that need to be paid. Of course, there are many ways to get loans now, so we must choose the right way to get loans. Therefore, it is necessary to have a proper understanding of what is more cost-effective for the second set of housing loans, so as to get a better house purchase.

What's the interest rate of the second house loan?

1. First of all, the average loan interest rate of the second set of housing is 5.60%, which is 0.21% higher than last year's 5.39% loan interest rate, but the floating range is still controlled between 10% and 30%.

2. China's relevant laws and regulations, the area of more than 90 square meters of second house, down payment ratio should not be less than 60%, loan interest rate should not be less than 1.1 times the benchmark interest rate.

How to calculate the loan interest rate of the second house:

Housing loan interest rate is not only related to several apartments, but also related to the applicant's qualification and loan amount. The better the qualification, the higher the loan amount, the easier it is to apply for low loan interest rate.

1. The loan interest rate is related to the loan amount, loan term, loan nature and loan bank. The state first determines a benchmark interest rate, and then each bank determines the differential loan interest rate according to the actual situation, that is, the interest rate rises or falls.

① Short term loans are 5.6% for six months (inclusive).

② 6 months to 1 year (inclusive)

③ One to three years (inclusive) 6.15%.

④ 6.4% in three to five years.

⑤ 55% over five years.

2. The loan interest rate should be determined according to the credit situation of the applicant, the number of houses, the collateral and the tension of bank funds. If all aspects are good, you can apply for a 85% discount on the bank interest rate.