source:
near the end of the year, the reporter found that, since this year is in the interest rate reduction channel, the bank is now in advance to repay the loan is more "than" It's cold. The fees for early repayment of loans vary widely among banks, and the time allowed for early repayment is also different.
industry insiders say that early repayment is not necessarily suitable for everyone, and needs to be considered from four aspects of the loan interest rate, individual investment capacity, individual short-term capital demand and the economic environment.
Market: early repayment of the loan "cold"
near the end of the year, a lot of housing loan people have plenty of money, start to consider whether to pay back in advance. However, because the bank has cut interest rates for the two time this year, the situation of early repayment is not as popular as in previous years. "Compared with the beginning of the year, we now have approval time for only one month, basically the approval is very fast." A bank's personal loan department staff told reporters.
the loan manager of another state bank told the reporter, "now we have to apply for the loan three months in advance, and there are some customers in line."
the staff of the bank loan department said that the customers who asked for the early repayment of the loan at the end of the year were still a little more, but compared to the end of last year it was "cold".
in fact, after raising interest rates several times in 2011, some borrowers who were able to repay the loan chose to "bite the bullet" and return the money. This year, the situation has reversed. The central bank has cut interest rates for the two time in 6~7 month, and the power of early repayment has disappeared.
case 1:
Mr. Ding bought the first suite at the end of 2007 with a loan of 1 million yuan, at that time enjoying the thirty percent off lower interest rate of the first suite of the bank, with a loan period of 15 years.
experts: the central bank's interest rate increase or interest rate adjustment are all loan benchmark interest rates, and the discount rate enjoyed by the borrower is not affected. At present, because of tight credit, banks have only 15% off to ten percent off interest rates on a mortgage loan, and they will be more stringent for applicants' requests. If we repay the loan ahead of time, we will not only enjoy this interest rate but also carry out two times the interest rate of the 1.1 suites.
case 2:
Miss Chen bought second suites in 2008 to a bank loan of 800 thousand yuan, and the signing rate was 1.1 times as high as 20 years.
expert: although at present in the interest rate reduction channel, but Miss Chen originally bought 1.1 times the rate of interest, then according to the current interest rate, the interest of its burden is up to 7.75%, compared with the current level of the loan interest rate is higher. In addition, Miss Chen adopts equal principal and interest repayment, which is usually concentrated in the early repayment period. Miss Chen's borrowing period is 20 years. At present, it has only been 4 years. Therefore, early repayment is desirable.
generally speaking, for lenders, the repayment in advance is cost-effective until the loan period is over 1/3. And for those who have reached the mid-term repayment of the repayment period or the equivalent amount of the principal repayment has been over 1/3, the interest has basically been paid almost, the part of the early repayment is more of the principal, the rise and fall of the interest rate will not be too big on the amount of the repayment, and there is no more meaning in the choice of the early repayment of the loan.