Policy Orientation of Personal Housing Loan

Policy Orientation of Personal Housing Loans There is a clear stipulation on mortgage interest rate in the New Deal: after adjustment, the interest rate of the first home loan newly issued nationwide cannot be lower than the corresponding LPR (according to the LPR of more than five years on August 20, 4.85%); The interest rate of the second home loan shall not be lower than the LPR of the same period by 60 basis points (the LPR of the fifth phase and above was 5.45% on August 20), which is basically the same as the current personal mortgage interest rate.

At the same time, the central bank will guide the provincial interest rate pricing self-discipline mechanism and adjust the local LPR lower limit in a timely manner. Compared with before the reform, the interest rate and interest rate level of individual housing loans of households have not changed significantly. On August 17, the central bank announced a comprehensive reform of China's interest rate system and issued the loan market quotation. This means that the "benchmark interest rate for loans" policy issued by the central bank will end, and new loans in the future will rely on LPR.

The interest rate of the first commercial housing loan cannot be lower than the market quotation of the loan; The interest rate of two sets of commercial housing mortgage loans shall not be lower than the quoted interest rate of the loan market by 60 percentage points; The mortgage interest rate of commercial housing shall not be lower than 60% of the loan market interest rate; The interest rate of individual housing provident fund loans will not change.

Provincial branches of the People's Bank of China should follow the principle of "making policy according to the city", formulate corresponding interest rate standards on the basis of the unified national credit policy and according to the local real estate market situation.

For example, the original benchmark interest rate for loans with five years or more is 4.9%, and the current LPR is 4.85%. If you don't add points, the interest rate in the first month will be 5 basis points lower than the benchmark interest rate. After the second home loan is increased by 60 basis points, the loan interest rate is 5.45%(4.85%+0.6), which is about 1 1% higher than the benchmark interest rate. He also mentioned that this is the basic condition of a country. The provincial branches of the central bank will determine the lower limit of individual housing loan interest rates in different regions according to the principle of "policy based on the city" and different real estate market conditions.

The above is the main content of individual housing loan policy orientation. I believe everyone knows about these contents. I hope this article can give you some help.