Which interest rate is higher, mortgage interest rate or ordinary loan?

Ordinary loans are higher, 1 point is higher.

1. If you buy your first house, you can apply for the preferential interest rate of the bank, which is 15% off the loan interest rate of the bank for the same period.

2. When buying a second house, not only do you not enjoy the bank loan interest rate for the same period, but the loan interest rate is 1. 1 times the bank loan interest rate for the same period.

3. The ordinary loan interest rate is the bank loan interest rate for the same period, and it will not be discounted or floated.

Housing loan refers to a personal consumption loan in which an individual applies to a financial institution (mainly a bank) to buy a house and uses the house as collateral (the existing house needs to be mortgaged to the bank for decoration or other household consumption purposes, which is not a house purchase loan and does not belong to the situation introduced in this paper).

According to the source of loan funds, housing loans can be divided into individual housing commercial loans (provided by commercial banks), individual housing provident fund loans (provided by housing provident fund centers and managed by commercial banks), commercial loans and provident fund portfolio loans. China's commercial housing appeared in the 1980s, and the development time of commercial housing was in the 1990s. However, housing loans started late, and it was basically after 2000 that they began to be distributed in batches.

How to make a housing loan cost-effective? There have been different opinions on this issue. Due to the complex mortgage calculation formula, ordinary loan buyers have limited understanding of housing loans. In recent years, media reports are unprofessional, and citizens are misled by various "shocking slogans". In fact, these reports are not nonsense, but different situations are suitable for different people, and they are not a panacea for all diseases. So how can housing loans be cost-effective?

First of all, we must understand the basic knowledge of housing loans and repayment methods.

Monthly payment: Return the principal and interest of the bank every month.

; Second, the loan term of the housing loan: 1-30 years, which is chosen by the customer, but must meet the basic requirements of the bank: total household income/monthly payment 2 (household income must be twice or more than the monthly payment).

3. Interest rate: refers to the ratio of interest to principal in a certain period. The benchmark interest rate of housing loans is determined by the People's Bank of China. Due to the long term of mortgage loans, banks generally adopt floating interest rates (usually banks set a fixed interest rate for short-term loans below 1 year), that is to say, the interest rate when applying for mortgage loans is not constant, but is adjusted (either upward or downward) with the adjustment of the benchmark interest rate by the People's Bank of China. In addition, the mortgage after the adjustment of the benchmark interest rate of the People's Bank of China does not change immediately, but according to the loan contract, which is generally 65438+ the following year 1 October1or the corresponding lending date of the following year.