Original title:

Central Bank: Most cities in China have cancelled the lower limit of housing loan interest rate

Not long ago, the People's Bank of China issued a notice to cancel the lower limit of commercial individual housing loan interest rate for the first and second housing nationwide. At present, except Beijing, Shanghai and Shenzhen, the lower limit of housing loan interest rate has been cancelled in other cities in China.

After the cancellation of the lower limit of urban housing loan interest rate, most urban commercial banks have adjusted the housing loan interest rate according to the changes in policy and market situation, and the implementation interest rate of housing loan has dropped significantly compared with the previous period.

It is estimated that after the implementation of the policy, the interest rate of the first house loan in most cities may decline by about 0.4 percentage points, and the interest rate of the second house loan may decline by about 0.6 percentage points.

According to the calculation of 1 million loan, 30 year term and equal principal and interest repayment, the total interest expense of the first house loan can be reduced by about 80000 yuan, and the interest expense of the second house loan can be reduced by about 130000 yuan.