Since the central bank cut interest rates in October 2015, the benchmark interest rate currently implemented by banks is: the interest rate for loans less than one year (including one year) is 4.35%; The interest rate of one to five years (including five years) is 4.75%; 4.90% over five years. In 2019, the bank will also follow this benchmark interest rate.
At present, the benchmark interest rate of commercial loans with a loan term of more than five years is 4.90%. Under the influence of the purchase and loan restriction policy, local banks have different efforts to adjust the interest rate of first home loans.
The average interest rate of the first house nationwide is 5.38%, and the interest rate generally rises by 5% - 20%. The interest rate of loans for second homes has generally risen by 10% - 30%. During the same period, the benchmark interest rate of provident fund loans was 3.25%, and the interest rate of loans for second homes rose by 10%. In addition, the housing loan interest rate is also related to the personal conditions of the lender, and usually the loan interest rate with good conditions will be lower.
The second set of housing is defined as the number of times that the borrower's family (including the borrower, spouse and minor children) is recognized as the unit of housing loans. If the family has used provident fund loans or commercial loans to purchase a house, it will be regarded as the second set of housing loans.