In today's era, people not only need to apply for loans to buy a house, but also apply for loans for decoration, but many people don't know much about decoration loans. What is the interest rate of decoration loan of China Construction Bank? This is the initial calculation. Let's have a look.
Construction Bank renovation loan interest rate
It is understood that the renovation loan interest rate of China Construction Bank is not fixed, and the renovation loan interest rate of China Construction Bank is determined according to the personal qualification of the loan applicant. Different people apply for renovation loans in the same branch, and the loan interest rate may be different.
The renovation loan interest rate of CCB fluctuates on the benchmark interest rate. The benchmark interest rate is 4.35% for less than 1 year, 4.75% for 1-5 years and 4.9% for more than 5 years. The current bank interest rate is generally like this, so if you want to borrow money, you must know the loan like the back of your hand.
2. What's the actual interest rate of CCB's renovation by stages?
5.63%
The renovation loan of CCB is equivalent to a credit card installment loan. The interest rate of 0.25% is the monthly interest rate, the annual interest rate is 3%, and the daily interest rate is 0.0083%. For example, a loan of RMB 654.38+10,000 with a term of 1 year will pay 25 yuan's handling fee every month. 1 year, pay 300 yuan handling fee with daily interest of 0.83 yuan.
It seems that this calculation is correct, but this is only the nominal interest rate, and there is still a gap with the actual interest rate. Because the loan is repaid every month, no matter how much money is repaid, the interest is always calculated according to the total loan amount. It will not be said that the debt has decreased and the interest has decreased. Even if it's still in the last issue, it's still that much money every month.
Calculated by IRR, the real annual interest rate of 0.25% decoration loan is 5.63%, which is still higher than the nominal annual interest rate of 3%. However, the interest rate of this loan is relatively low. Although the actual repayment will be more, it is still acceptable compared with the loan interest rate on the market.
After the decoration loan interest rate is 0.25, the bank will put the money into the credit card, and the lender needs to brush it out on the credit card machine of the designated decoration company. You don't have to use money from different places to swipe your card, nor do you support withdrawal and transfer, so you should consider it clearly when handling it.
Three. CCB 202 1 renovation loan interest?
The renovation loan interest rate of China Construction Bank is not fixed, but determined according to the personal qualification of the loan applicant. Different people apply for renovation loans in the same branch, and the loan interest rate may be different.
The renovation loan interest rate of CCB fluctuates on the benchmark interest rate, which is 4.35% below 1 year (inclusive), 4.75% below 1-5 years (inclusive) and 4.9% above 5 years.
Four, the construction bank to update the loan interest rate
You can't borrow that much. The slogan of decoration loan propaganda can get a lot of money, but only a small part of it is really approved. Fill in1100,000 batches of 500,000. If it is 500,000, the monthly income should be at least about 60,000.