Housing demand in China Construction Bank reports slave I have a very poor, do not steal my money

 Housing demand in China Construction Bank reports slave: I have a very poor, do not steal my money
Editor's Note: Jiangsu Branch of China Construction Bank's interest rate system, through careful design to many of those mortgage interest deduction mortgage mm, my friend, death from overwork, has been very poor, even the banks have hated to draft reflects environment Everyday pilfering by the water.
Jiangsu Construction Bank Mortgage days, and several calculations Flanagan extra weight of straw? In fact, the loan interest calculation is a mathematical model is not complicated, but in the case of asymmetric information, the charge has led to the first phase shift count the number of days each rate increase and reduce the principal amount should be deducted, together with Norway after the date of play money inflated interest, has completely changed the data on the repayment bill.
Interest? interest rate system, has been quietly devouring lenders interest.
2 12, Nanjing Drum Tower District Court has received the complaint, Wang Ping will be the citizens of Nanjing Drum Tower in Nanjing Branch of China Construction Bank to court . The reasons are: Construction Bank branch in Jiangsu Province computing systems because of the interest calculation errors and the number of days of interest occupied their own interests.
2 16, Xuanwu District People's Court received the petition, the citizens of Nanjing JIANG Zheng red for the same reason the Nanjing Zhongshan Branch of China Construction Bank to court.
agent of the two lawsuits are the mirror law firm Nanjing Zhongshan Ming Tsai of the soldiers. since a dispute about the calculation of interest has been intense and the game started.
systematic errors
what interest rate system problem? Cai Bing lawyer made the following explanation in detail .2002 January, JIANG Zheng Hong (Party) Nanjing Jincheng Garden, bought a house, due to lack of funds the purchase to the Nanjing Zhongshan Branch of China Construction Bank (B) apply for an individual policy / mix of housing mortgage loans. JIANG Zheng red commercial loan of 100,000 yuan, a period of fifteen years.
Article V of the contract and repayment repayment plan, both sides agreed: the repayment date is 15th of each month, Party B commissioned monthly deducted from the repayment of loans payable account principal and interest, Party A shall be 14 days before the month will be credited to the month the amount of repayment of principal and interest should also account, to ensure the implementation of B can be charged. to equal the principal and interest repayment, the first month and last month's loan interest loans by the number of days actually and the remaining calculated each month by the entire month.
Table One JIANG Zheng red line under construction in Nanjing Zhongshan branch of the repayment schedule. table clearly shows that the starting date of interest is January 28, 2002, which means , From this day, JIANG Zheng red line started construction lent 10 million home loans.
repayment of principal and interest equal to the most commonly used method of repayment is also the approach recommended by most banks long-term, concrete is also section approach is to aggregate principal amount of the mortgage loans and the total sum of interest, and then allocated to the repayment period on average each month. As payers, JIANG Zheng red each month to repay a fixed amount of 821.33 yuan bank, but the monthly repayment of principal in the proportion of the monthly increase, the proportion of monthly interest rates decline.
2002 �� 2 16, JIANG Zheng red housing loans is the first repayment date, this time, she should be in accordance with the actual number of days to pay 10 million loan. where the number of days that an official from the bank loan JIANG Zheng red to the first charge the number of days, according to People's Bank of China, various types of savings deposit and loan interest rules, according to 360 days throughout the year, the monthly calculated according to 30 days. From January 28 to February 16 projections over a total of 18 days.
in accordance with the loan contract, the first month of the loan interest calculated according to the actual number of days credit is calculated as:
= loan principal, loan interest rates d30t t the number of days on
It can be calculated in the 18 days of access to credit, JIANG Zheng red should be required to pay interest:
100,000 yuan loan interest = principal t4.65p d30-day monthly interest rate = 279.00 yuan
t18 days resulting differences, all the disputes are of interest from 279.00 yuan on the first month of the originator.
Nanjing Zhongshan, China Construction Bank branch in the actual schedule of deductions, we can clearly be found, the Construction Bank branch in Nanjing Zhongshan, February 16, 2002 net of principal and interest of 821.33 yuan JIANG Zheng red, of which the interest 511.50 yuan, and not just calculated 279.00 yuan. in the loan interest is not complicated formulas in , 100,000 yuan loan principal is certain, 4.65% monthly interest rate is fixed, which shows that the only possibility is: the projected number of days are inconsistent.
Fortunately, this is not complicated math problem, we can actually the interest deduction to derive the reverse branch of the Construction Bank of Nanjing Zhongshan actual number of days interest.
formula from the loan interest, you can reverse the number of days derived formula:
days = loan interest t30d (loans t the principal on the interest rate)
which is calculated into the formula:
days = 511.50 yuan interest t30 days d (100000.00 Ԫ principal t4.65p month interest rate) = 33 days
This indicates that the actual situation that the CCB for the first time interest charge of 18 days is not the number of days, but 33 days.
33 �� come from? the devil in the details.
Clearly, the Construction Bank of Nanjing Zhongshan Branch, the first payment in the calculation of the number of days, it will all be included in February, a total of more interest to calculate the number of days for 15 days.
; Cai Bing lawyer told reporters.
from the date of commencement of the loan on January 28 to the actual charge on February 16, JIANG Zheng Hong occupied Nanjing Zhongshan Branch of China Construction Bank loans 18 days, the calculation of interest should be 18 days of natural , does not contain 16 to 30 days, the period of interest should be in charge again on the next calculation.
15 days of the loan interest:
= 100,000.00 yuan loan interest rate on the principal t4.65p d30 days t15 days = 232.5 yuan
This means that in the red for the first time to pay loan interest JIANG Zheng 511.50 yuan, there is 232.5 yuan is due to the extra 15 days produced.
10 million loan, for This seems insignificant. But little error, allows the lending list has undergone enormous changes. Table II is a normal situation, Nanjing Zhongshan Branch of China Construction Bank details should be charged.
charged with the actual situation of relative Comparing the matching principal and interest repayment, interest, principal and the principal balance are changed. JIANG Zheng Red uses a matching principal and interest repayment, namely: monthly payment = loan interest + principal. installment amount the same, always give priority to repayment of loan interest, and then of principal, interest and principal of the shift. In the first phase of repayment, to pay the interest on the principal amount of attrition, then led by the principal balance of the loan large. Thus, in the same repayment amount of red JIANG Zheng 821.33 yuan, since the more the interest is also the 232.5 yuan, so the principal is also correspondingly less a 232.5 yuan.
after the completion of the first repayment, JIANG Zheng Hong still occupied by the line of credit, which is the principal balance of:
principal balance of the total loan amount of 100,000 yuan = -309.83 million principal amount (already paid) = 99690.17 yuan
more importantly, more interest calculation and more than 232.5 yuan. From the beginning until the second month of the previous month to pay off all loans, the number of days to keep interest rate unchanged for 30 days, but the larger principal balance, the second payment of a corresponding larger loan interest . loan interest is calculated as:
t loan interest = principal balance of the monthly rate
by this simple formula, we can see arising from the first repayment of principal balance (this is the increase large), will result in the corresponding month in interest on loans increases. JIANG Zheng Hong real interest rate to pay the second loan:
month interest rate = 99690.17 yuan t4.65p = 463.56 yuan
but if for the first time also No more interest section, the second loan interest should be:
month interest rate = 99457.67 yuan t4.65p = 462.48 yuan
step wrong, the wrong step, and so on, in this method, the As long as more than when the first interest payment will result in the loan after the interest is increasing every month.
later, although the interest rate adjustment of monetary policy as the country has changed several times, but since the first repayment due payment changes, the total repayment amount will still be higher.
2008 �� 12 30, JIANG Zheng Red advance to pay off loans. At this point in time, the principal balance of 63,868.10 yuan, according to projections, if no systematic Error, JIANG Zheng red should be the balance of 63,717.32 yuan.
Thus, in a total of 83 months more than six years the repayment process, the actual payment (the actual principal balance) 63,868.10 yuan less should be receivable (receivables principal balance) 63,717.32 yuan, JIANG Zheng red actually have to pay to the bank 150.78 yuan.
indictment, JIANG Zheng red sued the banks do not perform the contract in accordance with the contract, intentionally overcharged the interests of borrowers, according to law shall be liable for breach of contract. under the Law CCB also overcharged us actually interest. Branch signed a housing loan contract, the contract: borrowing commercial loans 350,000 yuan, a period of fifteen years, the loan interest rate on the interest rate is 0.47925%, repayment of principal and interest payments by matching method, return of principal and interest of 2906.62 yuan per month .
8 �� 9 day starting date for interest on loans Wang Ping, September 25 for the first time payment, Wang Ping 35 million only takes 46 days to meet the loan interest is 2571.98 yuan.
actually built the line Interest calculated to September 30, calculate the number of days is 53 days, so the firm's interest payments Wang Ping becomes 2963.36 yuan.
deduct the interest more than the first month, it means less deduction of principal. because the principal base The principal should be higher than the base, with a higher monthly rate multiplied by the actual principal balance of the installments of interest actually paid the interest payable will be higher than that.
2009 �� 1 23 afternoon 2 pm, Wang Ping to the Drum Tower in Nanjing Branch of China Construction Bank to print a bank statement to verify the situation. Table III and IV is the repayment of the previous seven details the control, after the first multi-operator of interest, leading to higher principal balance, resulting in the fault has been continuously down.
Wang Ping in the indictment, the prosecution branch of China Construction Bank, Nanjing Drum Tower by covert means, deliberately occupied the interests of borrowers, in violation of the law. According to compensation for their losses totaling 138.51 yuan.
analysis of a number of the borrower's repayment schedule, we can conclude that the first month payments, the interest rate on number of days for the entire 30 months day is the reason why. because in March 2007, before deductions are generally located in the mid-day in March .2004, Nanjing Dragon from the public sector package Xin Jie Kou, Nanjing Branch of China Construction Bank loan 20 million in two years time interest starting date for the March 26, the first deduction date April 15, the monthly repayment 1324.33 yuan, the first repayment of interest to 1008.00 yuan. Jielong from the repayment schedule Zhang projection shows, Nanjing, China Construction Bank Xin Jie Kou Branch and more days of 15 days accrued interest.
2005 �� 12 months, the citizens of Nanjing, Nanjing Zhang Yongkang central door from the branch of China Construction Bank loans 20 million for a period of fifteen years the starting date of interest is December 15, debit date for the first time January 26, 2006, the monthly repayment 1635.02 yuan, the first repayment of interest to 1438.20 yuan. from Zhang Yongkang projection shows the repayment schedule, the central gate of Nanjing Branch of China Construction Bank interest more than the number of days 14 days.
present, including the world dragons, Zhang Yongkang, who's home loans have not yet finished. This means that the continued occupation of interest among the.
2007 �� 3 end of Jiangsu Province, China Construction Bank branch of an interest rate adjustment system, unified by the mid-to late interest settlement. Thus, from March 2007 after the new housing mortgage loans will not have this problem. However, before the loan customers, the error has been occur, but also systematic errors, one can only go wrong as wrong can not be corrected.
lenders are unsure of the time difference between red and Wang Ping JIANG Zheng
the indictment, listed China Construction Bank, Jiangsu Province, the two Branch, the fault of the interests of loans invaded and occupied, in addition to the fault of the interest calculation system, the second fault is that the number of days interest loans invaded and occupied the interests led to the fault.
Wang Ping, Nanjing Drum Tower and the China Construction Bank branch in the contract , the third agreement, the contract contained in the loan period start date and the date of the certificate loans Dump inconsistent, the first loan period start date to the time the loan program shall dump contained in the certificate date, due date under the borrower loan period adjusted accordingly; loans dump certificate as part of the contract, and this contract has the same effect.
on personal housing mortgage loans, bank loans only real estate developers into account, be considered as truly The purpose of the mortgage loans. So, the interest should be included in the borrower Party (the borrower) specified, and by B (CCB) approved by Party C (the developer or sell people) account for the date. In other words, the borrower Developer account customers only means included in the formal occupation of the bank loan, and since then talent should pay interest on loans.
actual operation of the loan, the borrower and the Bank signed the loan contract date and the money into real estate bank developers (or sell one) the date does not necessarily coincide account, loan payments may day, may day, and even a few days, it included more than ten days after the developer (who sell) account. from the loan contract signed to the date of the loan amounts into the developer (who sell) account during the period, lenders do not actually use bank funds, and interest is likely to happen. If that were the case, the bank loans constitute the interests of occupation behavior.
Wang Ping to buy housing for second-hand housing, loans, dump certificate (or loan payment vouchers) is from the August 9, 2006 starting, but the loans a few days after what is selling people into account, not known a.
evidence related to branch to branch. br> 100000 Ԫ d30-day interest rate on the principal t4.7925p t7 days = 108.5 yuan
Similarly, Wang Ping's lending behavior, after calculation, she might have to pay to the bank's interest rate:
350000 Yuanben d30-day monthly interest rate payments t4.65p t7 days = 391.39 yuan.
.
the Learn more about the specific calculation methods and principles, but under the guidance of the staff of the signature of the matter. repayments, because do not understand professional knowledge, there is no way to account. began, only to personal housing mortgage loan customers to send details of bill payment, before the few people will take the initiative to obtain details of bill payments.
However, the December 26, 2008 10 am, JIANG Zheng red to build Zhongshan Branch of Bank of Nanjing when the printing of bank statements, not smooth. Zhongshan Branch of the staff that can only print September 25, 2004 after the statements, in September 2004 on the bill before gone. Therefore, JIANG Zheng red in September 2004 prior to the actual repayment schedule, is the Qiang in September 2004 in accordance with its bill projections come after.
Zhang Yongkang door to the Central Branch of Construction Bank of Nanjing, payment details when you print the beginning the answer is to adjust the system, printed before 2007 are not out. Zhang Yongkang asked: Also is it? it was found?
2007 end of the year, Nanjing Zhang Qiang, a senior accountant (who shall be required to be interviewed, using a pseudonym), finally has finished all its housing loans. the last time repayment, the bank he played his entire repayment details.
perhaps out of professional habit, watching the early repayment of such high interest, Zhang Qiang, had a curiosity: the first time, what is the interest payments come from? in accordance with the formula for calculating loan interest, he carefully calculated together. calculation, to Zhang Qiang surprise: from the first month, interest seems to have gone wrong. After careful checking, the Qiang gradually strengthened their own judgments: Jiangsu, China Construction Bank's interest rate system problems.
So, he found a branch of China Construction Bank, Jiangsu ask this, but did not get a reasonable explanation.
shortly after the Jiangsu Branch of China Construction Bank suddenly found him through an acquaintance, hope he will not be questioned on the matter, can be negotiated resolve the matter. Construction Bank, Jiangsu Branch of the behavior seems to be more confirmed speculation .2008 Zhang Qiang, Zhang Qiang found a law firm in Nanjing Zhongshan Ming Tsai Mirror the soldiers, commissioned him to continue to negotiate CCB branches in Jiangsu Province, this .
Then the soldiers began to branch Cai advice, from branch to branch in Nanjing, Jiangsu Province Branch of China Construction Bank and then.
2008 �� 12 6, Jiangsu TV City Channel Local broadcast of the continue to be concerned about. before March 2007 is from Jiangsu Province, China Construction Bank branch to make a personal housing mortgage loans of people. However, the city channels eventually failed to , the expected follow-up reports were dropped.
2008 �� 11 6, and Cai Bing Construction Bank branch in Jiangsu Province to negotiate the matter. Construction Bank, Jiangsu Branch of the Ministry of Housing Finance and the Director of Consumer Credit Cong Hua Chang, who received him. Negotiation, Cai Bing asked about the interest rate system, China Construction Bank branch in Jiangsu Province is deemed at fault?
Cong Hua Chang replied: We have improved on. Our financial system is the process of continuous improvement, there may be ways hh inappropriate places, but certainly not hostile occupation. China Construction Bank branch in Jiangsu Province to be a public apology and return of unjust enrichment.
this, Cong Hua Chang responded: and borrowers to communicate, negotiation. set, and this situation is the practice of domestic banks, China Construction Bank is more than a .2 23, press again to call the Jiangsu branch of China Construction Bank, the bank Publicity Division of the Huke Chang told reporters that the soldiers lawyer algorithm Cai is understood to account for their own, many are out of nothing. However, she also emphasized that many banks are like this.
Construction Bank is the first big firms of housing credit, long maintained the largest individual housing loans and housing the status of the bank loan fund. The People's Bank of China in November 2008 the statistics show, the national individual housing loans 2.95 trillion yuan, CCB accounted for a 23%.
CCB balance of nearly 7,000 billion yuan personal loans , as part of a national joint-stock commercial banks than all the loans even more. According to the China Construction Bank 2008 mid-year report, as of June 30, 2008, the bank individual housing loans up to total loans ratio of 16.04%. CCB personal How many people involved in the mortgage, presumably is an astronomical figure.