Bank of Nanjing cuts mortgage interest rate

On the morning of August 22nd, the central bank announced the latest interest rate of LPR, which was lowered by 15 basis points, and the LPR for five years or more dropped to 4.3%. This is the third time since 2022 that the central bank has lowered the LPR for more than five years, and with the continuous decline of interest rates, the purchase cost of buyers is getting lower and lower.

In fact, this interest rate cut is expected. On August 15, the central bank announced that the winning interest rates of medium-term loans and reverse repurchase business in the open market both fell by 10 percentage point.

The rise or fall of MLF interest rate will usually have an impact on LPR interest rate, and then have a certain impact on loan interest rate. At that time, the industry predicted that the price of flour would fall and the price of bread would also fall. Today, the price increase of bread has just begun.

The downward adjustment of LPR means that the whole mortgage interest rate will drop, and the loan interest of buyers will drop sharply.

We should know that the housing loan interest rate in Nanjing once exceeded "6" at 202 1, reaching 6.25%. Now, the loan interest rate is already at a low level. The interest rate of the first home loan in most banks remained at 4.25%(LPR-20BP), and the interest rate of the second home loan remained at 5.05%(LPR+60BP), hitting a new low.

Now LPR has dropped again, which indicates that the mortgage interest rate in Nanjing will hit a new low. According to the latest LPR, the interest rate of the first home loan in Nanjing will be reduced to 4. 1%, the interest rate of the second home loan will be reduced to 4.9%, and the interest rate of the second home loan will be reduced to "5".

Changes in mortgage interest rates will always arouse the vigilance of buyers. The mortgage interest rate will be reduced. If a house has a total amount of 4 million, a down payment of 30%, a loan of 2.8 million and a mortgage of 30 years, it will be repaid in installments.

The loan interest rate is 6.25%, and the accumulated repayment is 340.6400 yuan, and the monthly repayment is 17240.08 yuan.

The loan interest rate is 4.25%, and the accumulated repayment is 2 15.8800 yuan, and the monthly repayment is 13774.32 yuan.

The loan interest rate is 4.20%, the accumulated repayment is 2 12.9300 yuan, and the monthly repayment is13,692.48 yuan.

The loan interest rate is 4. 15%, and the accumulated repayment is 209.9900 yuan, and the monthly repayment is 136 10.89 yuan.

The above is a detailed interpretation of matters related to the reduction of mortgage interest rate by Bank of Nanjing. The latest interest rate of LPR ranges from 15 percentage points to 5 percentage points, exceeding 5 percentage points.