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□ Morning News reporter Li Qiang intern Pan Tingting
Recently, many banks in Shanghai have raised the default interest on overdue personal housing loans to curb the rising bad debt ratio of this business. The fixed penalty interest once calculated at 0.21 ‰ per day is now mostly replaced by the floating penalty interest of "30% - 50% increase on the basis of the loan execution interest rate". If calculated according to the current interest rate standard for commercial housing loans, housing loan customers will pay more penalties once they are overdue.
BOC Minsheng's penalty interest rate increased most
BOC Shanghai previously charged 0.21 ‰ of the daily penalty interest for overdue housing loans. Now, it will charge 50% more to newly signed customers at the execution rate of the loan contract; Shanghai Minsheng Bank implements the standard of "the interest rate of housing loan contract rises by more than 40%"; The Agricultural Bank of Shanghai will charge 30% - 50% more on the basis of the loan execution interest rate according to the situation of different customers; However, ICBC Shanghai and other banks generally implement the loan contract interest rate up by 30%. On the whole, BOC Shanghai and Minsheng Bank saw the largest increase.
According to the regulations of Bank of China, the interest rate of the first and second house loans of the same borrower can be reduced by 10% based on the benchmark interest rate, while that of the third and fourth house loans can be reduced by 10% mortgage rate Execute according to the benchmark interest rate or floating upward. If the bank's customers calculate the benchmark interest rate of housing loans of more than five years at 6.39% next year, then the newly implemented annual penalty interest rate will be at least 6.39% × (1+50%)=9.585%, and the daily penalty interest rate will be 9.585% divided by 360, which is equal to 0.26625 ‰, an increase of 0.05625 thousandths over the original 0.21 ‰.
Relevant banks also revealed that if the bank judges that the customer is in subjective and intentional debt, then the bank will charge 100% more penalty interest at the loan interest rate level. If the repayment is not made on time for three consecutive months or six months accumulatively within a year, in addition to the penalty interest, it will be deemed as a failure of supply, and the bank may take back the property.
The new penalty interest regulations of the above banks mean that once the mortgage loan is overdue, the customer's penalty will "rise with the rise of interest rate", which will undoubtedly increase the default cost of the defaulters, and to a certain extent, curb the arrears.
The rise of penalty interest is due to the rise of bad debts
It can be predicted that banks will be more and more strict in controlling bad loans. Industry insiders believe that the property market will be higher during the boom housing price Speculation such as zero down payment in disguised form has begun to show the hidden danger of bank credit, and many banks will pay for it.
According to the statistics of the Shanghai Banking Regulatory Department, the bad debt rate of individual housing loans of Chinese funded banks is rising due to the "shrinking" of housing loan stock for several consecutive months. The Shanghai Banking Regulatory Bureau said yesterday that as of the end of June this year, the average bad debt of personal housing loans of China funded banks in Shanghai had reached 0.72%, 0.14 percentage points higher than that at the beginning of the year, compared with 0.3% in the same period last year. Some bank account managers reported that since this year, the number of overdue personal housing loans has increased, and the business volume of the housing loan collection department has increased significantly.
According to international experience, the exposure period of personal housing loan risk is usually 3 to 5 years, while the personal housing loan business in Shanghai has just emerged in the last 5 years, which means that Shanghai has entered the initial exposure period of housing loan risk. The head of Shanghai Bank's regulatory department also agreed that Shanghai Bank's personal housing loan business has entered the bad debt exposure period. In the meantime, banks should pay special attention to the maintenance, tracking and loan management of existing customers.
Due to the continuous contraction of the increase in housing loans, the focus of banks' work has now been on the management of stock housing loans, rather than new businesses. One Real estate agency I told reporters yesterday that the future may be difficult.
According to the statistics of the regulatory department, BOC Shanghai and Minsheng Bank, which have the largest increase in overdue default interest on housing loans, are the Chinese banks with the highest growth rate of personal housing loan business since last year.
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