BOC takes the lead in raising interest rate stock mortgage-born variables

First suite million loans per month more than 500 yuan ICBC has not yet made a statement on the weekend, the Bank of China announced the first increase in the stock mortgage rates, triggering market controversy.　　ICBC, ABC and CCB Guangdong branch related personage all said, as of yesterday has not received the relevant notice, want to see whether there is a related dispatch today. For banks to raise the rate of stock loans, the industry said, the possibility of difficulties in the availability or higher than the early repayment, "because as long as not speculative speculators, the difficulties of prepayment is still very large." "Generally speaking, banks can follow up the interest rate hike when the central bank increases interest rates, but when the central bank's benchmark interest rate has not changed, banks can raise lending rates on their own to see if there is an agreement in the original loan contract."　　A lawyer told reporters that if there was no such agreement in the original contract, then the bank's practice is suspected of default, loan buyers can then require banks to carry out at the original rate. However, according to Chao, director of the head office of the Bank, the bank's mortgage loan with its clients normally reviews the interest rate approach every two years. If the contract is signed last year, the interest rate will be adjusted by 70 percent, up to 85 percent (first suite), and two and three suites up to 1.1 times and 1.2 times times.　　As stipulated in the contract, most of the subsequent reviews of the interest rate approach are conducted every two years. According to this argument, if the contract already has this ordinance, then the Bank of China is legal.　　However, if the other banks follow up and the contract does not specify this clause, the client can sue the bank for default. The cost of loan is greatly increased the bank announced that in the interest rate adjustment when the way expires will be based on the agreement with the customer contract, the increase in the stock of the first set, two sets, three sets and above the mortgage interest rate floating ratio to the benchmark rate of 0.85 times times, 1.1 times times and 1.2 times times.　　It is understood that the new policy is scheduled to be implemented on April 19.　　In line with the adjusted interest rate, the cost of loans to homeowners who borrow in BOC will be greatly increased. Take the first suite according to 70 percent interest rate as an example, to increase to 85 percent, loans 1 million, 15 equal interest to calculate, the rate of 70 percent to 4.158%, monthly repayment of 7476.31 yuan, the total repayment amount of 1,345,736 yuan, the interest rate hit 85 percent for 5.049%, The monthly payment of 7933.48 yuan, the total repayment amount of 1,428,026 yuan, home buyers to dig more than 80,000 yuan.