I received a short message with low interest rate on the loan phone.

Suddenly received a phone call recommending "low interest rate"

During work, the mobile phone rang, and when I looked up, it was a strange phone, and I was connected with doubts.

"Hello, Mr. Chen, this is Xiao Li from XX Bank. Did you get a loan from our bank? "

XX bank, isn't it the bank where I apply for mortgage? I answered doubtfully, "Yes, why?"

"Well, our bank has launched a new loan product now. The interest rate is lower than your original loan product, and the annualized rate is only 3.85%. Loan products can be transferred. " Xiao Li said on the phone.

When I heard Xiao Li's words, I immediately compared the mortgage that was being repaid. The annualized interest rate of the loan introduced by Xiao Li is only 3.85%, which is almost 4.2% after the original loan discount, which is really low.

However, I suddenly thought of a friend's words in my mind: banks will always be icing on the cake, and will not give timely assistance.

Yes, the loan has obviously been issued. It has been returned for several years. The bank will take the initiative to call me to apply for a new loan, and the interest rate of this new loan is lower. When will the bank be so good?

With doubts and a little busy at work, I replied to Xiao Li: "Yes, I am very busy now. I will contact you later and tell me what this loan (product) is for. "

Second communication, a little conation.

The next day, Xiao Li called again.

"Teacher Chen, when are you free, come and find out."

The other party invited me directly, but it was the golden month in September, and it was the company's National Day activity immediately. I really couldn't spare the time, so I asked on the phone, "How can I transfer this loan product?"

"Well, this loan is to repay your original loan and then use it as a mortgage to apply for a loan. After the loan comes down, you can repay the new loan. "

"Has the original loan been repaid?" I smiled and said to Xiao Li, "I don't have that much money to pay back now." Besides, if I have money to pay back, why should I borrow it? "

"It doesn't matter, we can find someone to help you repay in advance, and then just pay him directly when the loan comes down, so that the loan will be transferred."

Hearing this, do you doubt whether the other party is a liar? Yes, me too, but if it is true, I won't lose money, so I asked, "What is the new loan product?"

"This loan can be borrowed for 10 years. You only need to pay interest in the early stage and the principal in the last stage. Moreover, after the expiration of 10, if the money in your hand is not enough to repay the principal, you can continue to renew the loan. " Xiao Li said.

"How much interest is paid every month in the early stage? What if I pay in advance? Is there a handling fee for advance payment? "

Because of some work-related reasons, I am no stranger to this repayment method, and I also know something about the routine inside. In short, there are some loans with interest first and capital later. No matter how long you borrow it, whether you repay it in advance or not, the interest is calculated according to the loan amount. If so, the real interest rate will definitely be higher than my mortgage interest rate, so I asked.

"According to your outstanding loan, you need about 440,000 yuan, and the interest is about 1.3 million yuan per month. If repayment is made in advance, interest will be calculated according to the unpaid amount after repayment. For example, after five years, you will still pay half, and the interest paid every month after repayment will be more than 600 yuan. " Xiao Li explained the loan products in one breath.

The interest will be adjusted according to the repayment of the principal, which is good news, but I still have to calculate an account.

After calculating the account, the bank has a deep routine.

First of all, my current loan has already paid 6.5438+0.2 million yuan.

Secondly, if you pay off the current loan and then refinance, you need to refinance another 440 thousand.

If the principal is repaid for the last time, the total repayment amount is: 1.2 million+609,400 = 729,400.

If you choose to repay the principal of 6,543,800 yuan every three months, the total repayment amount is: 6,543,800 yuan+2,000 yuan+528,000 yuan = 648,000 yuan.

My current mortgage is 20 years, and the total repayment amount of interest+principal is 72 1.8 million.

Therefore, if I repay the principal in the last installment and apply for a new loan product, it will be higher than my original total repayment amount. As for the other algorithm, whether I support repayment of the principal every three months or not, the actual loan life has changed from 20 years to 13 years (3-year repayment+10 years of new loan products), and the interest rate converted from the actual interest expense has far exceeded my original mortgage interest rate.

In addition, seven days in advance (similar to the new loan lending time) will also generate a handling fee of about 6000 yuan. Other risks, such as liquidated damages for early repayment and how long the new loan will take, are still unknown.

Write it at the end

This story is shared with you to tell you that banks and enterprises are profit-making units and it is impossible to give you benefits easily. I hope everyone will keep their eyes open and not be routine.