Is the good day of making money while lending over?
Friends around told Xiaobian that at present, the banks customer managers are no longer promoting this making money while lending product. A friend of Citibank in charge of housing loans said: the yield of current financial products is too low, and it is obviously inversely linked with the interest rate of housing loans. At present, the repayment of housing loans is automatically transferred and deducted from wages, and the rest of the funds are not very likely to consider such products.
The rate of return of bank financial products has become the general trend. According to the monitoring data of pry standard, the average yield of closed expected return RMB products was 3.79% in the week from November 21 to November 27, saying goodbye to the era of 4%. According to rong360 data monitoring, in November 2020, the average interest rate of the first house loan in China was 5.24%.
Many mortgage customers hope that their personal assets do not depreciate, so they choose multi-channel financing. Even if there are no other investment channels and only believe in the safety of the bank, they will also use a large amount of money to buy long-term financial products, such as five-year financial products. The habitual thinking of bank customers is that the longer the deposit period, the higher the income. This kind of making money while lending products available at any time is no longer attractive to them.
It seems to be a steady profit, but it is a chicken rib
In the past few years, the financing business linked with housing loan has developed rapidly, and has been extinguished one after another recently.
From the perspective of regulatory situation, many banks financial products linked with housing loans have been suspended, and such products may be gradually rectified and withdrawn. Yu Kang, a researcher at Puyi standard, said.
A financial manager of Zhuhai branch of Guangfa bank said that jiaduohao products had been brewing for a long time to exit the market, and many sub branches had taken off the shelves of such financial products for discount of mortgage interest rate in 2018. Now the formal withdrawal from the market is due to regulatory requirements for rectification, part of the reason is to make financial products net value transformation, break the rigid exchange.
Many banks have designed exclusive financial management to attract customers idle funds, such as ICBCs personal account comprehensive financial management business, Agricultural Bank of Chinas deposit and loan win-win situation, CITIC Banks deposit and loan and Ping An Banks deposit against loan and so on. The financing income is equivalent to the deduction of loan interest.
Yu Kang believes that the original intention of the design of mortgage linked financial products is to meet the liquidity management of idle funds of mortgage customers, which is different from the general wealth management products for the purpose of asset management. Moreover, under the background of relatively abundant liquidity in the current market, the cost of capital is low, and banks have little interest in designing such mortgage linked financial products.
The product publicity materials show that when the current deposit of the customer account is 800000 yuan, the annual income of current financial management is 2400 yuan, and the annual income of jiaduohao is 31050 yuan, totaling 33450 yuan, with an annual yield of 4.18%. Some of them are demand deposits, and some are high interest financial management that can be withdrawn at any time. This part is essentially a credit product, which is a sidekick and violates the regulatory requirements for the design of financial products. He said. Zhou Zhengguo believes that if you want to get the income covering the interest of housing loans, you can buy funds or time deposits to make profits by taking advantage of the time difference between the transfer of housing loans and wealth management income; banks can also issue asset-backed securities based on personal housing loans to directly finance the capital market, so that the loan stock assets can be revitalized. Editor: Chen Yu source: Shanghai Securities News Author: Tang Yanfei, editor in charge: Zhong Qiming_ NF5619
The product publicity materials show that when the current deposit of the customer account is 800000 yuan, the annual income of current financial management is 2400 yuan, and the annual income of jiaduohao is 31050 yuan, totaling 33450 yuan, with an annual yield of 4.18%.
Some of them are demand deposits, and some are high interest financial management that can be withdrawn at any time. This part is essentially a credit product, which is a sidekick and violates the regulatory requirements for the design of financial products. He said.