Ms. Li has been working hard for a top 500 listed company for 5 years, and saved 250,000 yuan with her own efforts. In October 2021, she bought a 89-square-meter 3 bedroom in a non-core area of a second-tier city with a down payment of 250,000 yuan and a loan of 500,000 yuan. equal principal and interest for 20 years, the loan interest rate is 6%, the monthly payment is 3,582 yuan, and the total interest is as high as 360,000 yuan.
In 2022, due to policy adjustments, the local mortgage interest rate dropped to 4.2%. Ms. Li was very upset about this, but she did not have any extra money to repay the mortgage principal in advance. So she found an agency for consultation, and the agency enthusiastically recommended her business loan exchange mortgage business to her.
According to the intermediary, after the mortgage is transferred to a business loan, the interest rate of is only 3.2%. For 500,000 yuan, the 10-year interest is only 85,000 yuan, the monthly payment is 4,874 yuan, and the total interest is reduced by 275,000 yuan. If the bridge fund fee is included, it seems that it can be achieved by reducing it by more than 100,000 yuan. Isn’t it very pleasant?
However, this kind of operation has a great risk of invisibility.
The hidden operation of to repay loans with loans , the actual cost may increase:
1. Business loan requires the lender to have a company that actually operates . The intermediary company can provide you with a shell company, but the daily maintenance of this company requires fees. At the same time, the company is equivalent to renting it for you and is always controlled by the intermediary. The handling fee of is often as high as 2% to 3% of the loan amount.
2. loan transfer requires the original mortgage loan first. During the processing process, the bridge fund fee will be generated, and this fee is often very high. In addition, the time of the loan transfer process is uncertain, the cost continues to soar, and your money is lost every day. If the agreed interest on the bridge funds is three thousandths per day, that is, "daily interest of about 3 cents", which exceeds the bank's one-year loan benchmark interest of 17 times, and if you borrow 500,000 yuan, you will need to pay interest of 01,500 yuan per day.
3. The company's entity operating a loan will be monitored by the bank. The loan term is generally within 10 years. The operating conditions of the wallet company cannot stand scrutiny. In case of policy adjustments, the bank will collect the loan in advance or require settlement after maturity. Compared with the mortgage loan of 20 or 30 years, home buyers often ignore the pressure brought by repaying the principal and have a risk of default.
4. Short-term loans and long-term investment are illegal . If you obtain a bank loan by deceptive means and cause significant losses to the bank or other serious circumstances, you shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and a fine; if you are particularly serious, you may even be sentenced to fixed-term imprisonment of not more than three years but not more than seven years, and a fine.
