Recently, Mr. Pu, a citizen of Nanjing, reported that in October 2013, he applied for a mortgage of 1.17 million at the Nanjing branch of Minsheng Bank with a loan term of 20 years. At that time, he agreed with the bank that the loan would be repaid in the same amount of principal and interest. .
But recently, when Mr. Pu checked his credit report, he suddenly discovered that he had paid off his mortgage for more than seven years, and the principal amount that he had not repaid so far was still 1.17 million, not a single point decrease.Spark Global Limited
“Equal principal and interest” repayment for more than 7 years
The principal of 1.17 million has not been paid back
Mr. Pu told reporters that in 2013, he took a fancy to a second-hand house in Xiangzhangyuan Community, Xianlin University Town, Nanjing.
In October of that year, I went to the Nanjing branch of Minsheng Bank to apply for a housing loan with a 20-year term of provident fund and commercial loan.
Among them, 1.17 million are commercial loans, with an annual interest rate of about 4.2% as agreed in the contract, and the repayment will be based on the same principal and interest. The monthly repayment amount is 8092.95 yuan.
“At that time, when I paid it back in the first two months, I saved 9,000 yuan in the first and second months, and it automatically deducted 4,000 to 5,000 yuan. Then I paid the full amount every month. Deposit, but he deducts so much.”
Mr. Pu told reporters that before each installment, Minsheng Bank would send a reminder message about the amount of repayment that month, because he handled a portfolio loan, he thought the difference had been deducted from the provident fund, so he didn’t care.
“Because deductions, transfers, and calculation of the amount are all problems with the bank. I am only responsible for depositing the money on my card and repaying it automatically, right?”
In November 2020, Mr. Pu wanted to change houses, so he checked his credit report, but this look surprised him.
“When I checked my credit report, I found that my mortgage principal has not changed. No matter what, I have repaid it for nearly 7 years. The principal will always change. It cannot be unchanged by a penny.”
The repayment method is “changed”
If the interest rate remains unchanged for 20 years, it will cost 300,400,000
According to the repayment method of equal principal and interest, although the interest accounted for the majority of the monthly repayment of the buyer at the beginning , there was also a small part of the principal. However, after more than 7 years of mortgage repayment, the principal was even a penny. Not returned, obviously there is a problem.
So Mr. Pu hurriedly asked the customer service manager of Minsheng Bank, and the answer was: His mortgage is based on the interest-first repayment method, the interest is first returned, and 1.17 million principal is returned once it expires. Similar to consumer credit loans.
Mr. Pu said that he did not ask for a change in the repayment method, it was changed by the bank without authorization. “His solution is that the money I paid in the previous seven or eight years is equal to nothing, and the mortgage will be repaid for another 20 years from 2021. This is obviously a problem with internal control. I did not ask you to change the repayment method. You changed it without authorization. You are a major breach of contract.”
Mr. Pu said that he had calculated an account. If calculated according to the annual interest rate of about 4.2% as agreed in the contract at the time, the repayment method of the first interest payment for a 20-year mortgage would be more than 300,000 to 400,000 yuan more than the equal principal and interest .
article links：The man's mortgage has been repaid for more than 7 years
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