What is the interest rate for a 23-year mortgage in Tianjin?

1. What is the 23-year mortgage interest rate in Tianjin

The 23-year mortgage interest rate in Tianjin is 3.9%. According to the interest rate inquiry, Tianjin’s first home loan interest rate dropped by 40 basis points in 2023.

2. What is the latest news on the interest rates of major banks in Tianjin?

The following takes Bank of China, China Construction Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China as examples to talk about the deposit interest rates of these four banks.

1. Bank of China:

Demand deposits: deposit interest rate is 0.3%, lump sum deposit and withdrawal: three-month annual interest rate is 1.35%; half-year annual interest rate is 1.55% ; The one-year deposit interest rate is 1.75%; the two-year deposit interest rate is 2.25%; the three-year and five-year deposit interest rates are 2.75%.

2. China Construction Bank

The current deposit interest rate for urban and rural residents is 0.25%, with lump sum withdrawals for 3 months, 6 months, 1 year, 2 years, 3 years, and 5 years. The interest rates are 1.25%, 1.45%, 1.65%, 2.15%, 2.6%, and 2.65%.

3. Industrial and Commercial Bank of China

The current deposit interest rate for urban and rural residents is 0.3%, with lump sum withdrawals for 3 months, 6 months, 1 year, 2 years, 3 years, and 5 years. The interest rates are 1.35%, 1.55%, 1.75%, 2.25%, 2.75%, 2.75%

4. Agricultural Bank of China

The interest rate for rural residents’ demand deposits is 0.3%, 3 months, 6 months The lump sum interest rates for one month, 1 year, 2 years, 3 years and 5 years are 1.55%, 1.55%, 1.75%, 2.25%, 2.75%, 2.75%

If residents plan to make a deposit, they can According to the interest rates of major banks or consult the business personnel of major banks

3. Confirmed! Tianjin has implemented the provident fund interest rate reduction and personal tax refund when changing houses!

It has dropped! It has really dropped! We have received official news that two of the three major new policies of the Central Bank and the Ministry of Finance before the National Day have been implemented in Tianjin. Namely: lowering the provident fund loan interest rate and getting a personal tax refund when changing a house. Another item, lowering commercial loan interest rates, is also under study. 01|The provident fund interest rate is cut and the central government has spoken, but the intensity is different. On the evening of September 30, it was announced that the provident fund interest rate would be lowered, and the next day, cities followed suit. Suzhou, Hangzhou, Wuxi, Qingdao, Chongqing, Zhengzhou, Ningbo, Dongguan, Hainan, Anhui and other places have confirmed implementation. The point is, Tianjin has also dropped! On October 11, the Tianjin Housing Provident Fund Management Center website has officially announced that the interest rate for Tianjin’s first personal housing provident fund loan will be reduced!

Starting from October 1, 2022, Tianjin The interest rates for provident fund loans for the first set of personal housing will be lowered, specifically as follows: 1. The first set of provident fund loans issued after October 1, 2022 will implement the new interest rate. For first-time personal housing provident fund loans issued after October 1, 2022 (inclusive) (the issuance date shall be based on the date of the loan note, the same below), the interest rate for a term of less than 5 years (including 5 years) will be adjusted to 2.6%, and for 5 years The interest rate for the second set of personal housing provident fund loans remains unchanged, that is, the interest rates for less than 5 years (including 5 years) and over 5 years are 3.025% and 3.575% respectively. 2. The first set of provident fund loans with a term of more than one year issued before October 1, 2022 will implement the new interest rate from January 1, 2023. For personal housing provident fund loans with a term of more than 1 year issued before October 1, 2022, the interest rate for the first personal housing provident fund loan will be 2.75% for a term of less than 5 years (including 5 years) and 3.25% for a term of more than 5 years. From January 1, 2023, they will be adjusted to 2.6% and 3.1% respectively; the interest rate for the second set of personal housing provident fund loans is 3.025% for less than 5 years (including 5 years) and 3.575% for more than 5 years. remain unchanged. For personal housing provident fund loans with a loan period within 1 year (including 1 year), the contract interest rate will be applied, and the interest rate will not be adjusted during the loan period. Note that the adjustment is for the first set! The interest rate of the first set of provident fund loans with a term of less than 5 years (including 5 years) is 2.6%, and the interest rate of the first set of provident fund loans with a term of more than 5 years is 3.1%! The interest rates of the second set of loans are not adjusted. The interest rates of provident fund loans with a term of less than 5 years (including 5 years) and more than 5 years are 3.025% and 3.575% respectively. Obviously, this is a "targeted interest rate cut" specifically targeting urgent needs. Surprisingly, policies are generally introduced with "new methods for new people and old methods for old people." Unexpectedly, this time the provident fund interest rate is rarely lowered, and the existing housing loans will also be adjusted.

It's just that the time is slightly delayed. New mortgage loans will be subject to the latest interest rates starting from October 1, with the lowest starting at 2.6%. Existing mortgage loans issued before October 1 will be adjusted on January 1, 2023. In other words, as long as it is the first home, everyone can enjoy this provident fund interest rate reduction.

If calculated based on a loan of 800,000 yuan, a loan of 25 years, and equal principal and interest, after implementing the 3.1% interest rate, the monthly payment of the provident fund loan can be reduced by 63.1 yuan, and the total accumulated interest will be reduced by 19,000 yuan.

02|The policy of refunding personal tax when changing houses has also been confirmed and implemented. After consulting the Tianjin Finance Bureau and the Nankai Taxation Bureau, the responses received were: the policy has been implemented. There are just a few conditions that need to be met: 1. The house must be sold first and then bought. The time for selling the house must be between October 1, 2022 and December 31, 2023, and the time for buying the house must be within one year after selling the house. 2. Both the house sold and the house purchased must be in Tianjin. 3. The seller and the purchaser must be the same property owner or one of the property owners.

The tax refund amount is: if the amount of the newly purchased house is ≥ the amount of the house sold, all the personal income tax paid will be refunded; For a house, only half of the personal tax can be refunded. Preparation materials and procedures: After the house change is completed, you need to take your ID card, the transaction contract for the house sale, the transaction contract for the new house purchase, the real estate certificate and its copy to the tax bureau where the house is sold. For example, I sold my house in Hongqiao and bought a house in Nankai. To get a tax refund, you have to go to the Hongqiao Taxation Bureau. This is no longer a loosening of ties; It is undoubtedly a huge benefit for the improvement of buying and selling one-to-one properties. As long as you buy a house within one year after selling the house, you will get an extra amount of money (although the individual tax is stipulated to be paid by the seller, in Tianjin, it is customary that the buyer bears all taxes). The cost of buying a home will decrease. It is conducive to activating demand for improvement and promoting market transactions. 03|Commercial loan interest rates are also lowered? What’s more important is that Tianjin’s commercial loan interest rates are also expected to be lowered. Qingyuan, Guangdong has taken the lead in responding to the policy of "phased relaxation of the lower limit of first-home loan interest rates in some cities" and adjusted the lower limit of first-home commercial loan interest rates to LPR-60 ??basis points. Calculated based on the 5-year LPR on September 20, that is 3.7%.

Yangjiang has also adjusted its interest rate, with the lowest commercial loan interest rate for first-time buyers being LPR-40 basis points. Tianjin is also among the 23 cities that allow lower mortgage interest rates. The news we heard is: Tianjin will most likely follow suit, and it may drop below 4%. If LPR also drops this month. That day, Tianjin’s first home loan interest rate may drop to 3.7-3.9%. Let's wait for the landing together.

4. What is the housing loan interest rate in Tianjin?

Each bank’s discounts have different conditions. It is recommended to consult the bank before applying for a loan and then decide which bank to choose to apply for a housing loan. .