Kunshan officially implements the new housing loan policy, and the down payment for the first house is only 20%!
2016-02-18 15:48:18 Click:

Xiaofang called major banks and found that several major banks in Kunshan have received document notices, including Bank of China, Industrial and Commercial Bank of China, China Construction Bank, China Merchants Bank, Postal Savings Bank When the latest down payment standard has been implemented, The down payment of the first house loan is reduced to 20%, and the down payment of the second house loan is 30% whether the loan is repaid or not.

and Agricultural Bank of China, Bank of Communications and other banks have not yet implemented the latest policies The previous relevant regulations are still maintained. The down payment for the first house is 25%. When the first house loan is paid off, the down payment policy of 30% is still implemented. However, the down payment ratio for the first house loan is 45% when the first house loan is not paid off. However, judging from the general trend, it is expected that all banks will implement the latest down payment standard this week, so buyers may wish to wait patiently.

In addition to the down payment ratio, the survey found that, Compared with the end of last year, the discount of bank loan interest rate for the first housing has increased Postal Savings Bank can offer a minimum discount of 10%, which is relatively low. Bank of Communications and Bank of China can offer a minimum discount of 95%, while China Merchants Bank said that it depends on the specific conditions of customers and projects. Before, all major banks basically implemented benchmark interest rates.

In the current high inventory environment, de stocking is still the most important goal. De stocking is conducive to the normal development of the real estate industry, macroeconomic adjustment, and the balance of the entire social asset structure, because real estate is a pillar industry, related to more than 60% of the industry and bank assets, and even related to employment.

First: differentiated management of real estate policies and implementation of local governance strategies.

In principle, the minimum down payment ratio for individual housing loans is 25%, and it can fluctuate downward by 5 percentage points.

It is also implemented in cities without purchase restrictions, that is to say, front-line cities with purchase restrictions are not included in this category, which once again illustrates the important strategy of local governance.

Second: It is a market rule that the number of down payment buyers increases.

Since the down payment of 25% in September last year, there has been some blowout in house purchase.

The rule of buying up or not buying down will never change, and the effect of the double sky of fire and ice can be seen at a glance.

Taking the house with a first house of 1 million yuan and a loan of 20 years as an example, the minimum down payment of 30% is calculated based on the benchmark interest rate of 4.9%, which requires 300000 yuan, the maximum monthly payment is 4802.78 yuan, and the cumulative interest paid for 30 years is 515929.17 yuan.

At present, the minimum down payment can be reduced to 20%, only 200000 yuan is needed, but the maximum monthly payment is increased to 5488.89 yuan, and the accumulated interest is increased to 589633.33 yuan.

What's the problem?

This illustrates a problem. The repayment pressure is higher and the interest paid is higher.