Source: Associated Press of Finance
Gansu and Guangxi recently announced the cancellation of the lower limit of the loan interest rate for the first and second housing. Among them, Gansu Branch of the People's Bank of China issued a document today saying that Gansu Province has comprehensively optimized its housing credit policy, and the lower limit of the loan interest rate policy for the first and second set of housing in 14 cities and states, including Lanzhou, has been eliminated. In addition, the minimum down payment ratio has been reduced to 15% and 25% respectively.
The reporter of the Associated Press of Finance learned from the personal loan departments of many banks in Gansu, Guangxi's hot cities Lanzhou and Guilin that at present, no specific notice of interest rate adjustment has been received. However, the lowest interest rate of the first housing loan in Guilin has recently dropped from 3.35% to 3.25%.
Industry insiders told the Associated Press that it is expected that more cities will join the camp of canceling the lower limit of housing loan interest rate and reducing the down payment ratio in the future, but the adjustment will adhere to the city specific policy, and the reduction of high-energy cities is expected to be smaller than that of low-energy cities. As the reduction of housing loan interest rate needs to consider the interest difference of existing customers, it will take time for the adjustment to be implemented. However, under the guidance of the policy, it is expected that further reduction of housing loan interest rates across the country will be the general trend in the future.
The lower limit of loan interest rate for the first and second set of housing in Gansu and Guangxi has been cancelled before Lanzhou, Baiyin, Pingliang and Guilin
Many local officials announced the cancellation of the lower limit of the loan interest rate policy for the first and second housing. On May 24, Gansu Branch of the People's Bank of China issued a document to comprehensively optimize the housing credit policy in Gansu Province.
Among them, in terms of the lower limit of the loan interest rate policy, Lanzhou, Baiyin and Pingliang have cancelled the lower limit of the commercial individual housing loan interest rate policy for the first housing in the early stage, and the lower limit of the commercial individual housing loan interest rate policy for the second housing. Eleven cities and prefectures, including Jiayuguan, Jinchang, Tianshui, Wuwei, Zhangye, Jiuquan, Qingyang, Dingxi, Longnan, Linxia and Gannan, have abolished the lower limit of the commercial individual housing loan interest rate policy for the first and second housing.
In addition, the minimum down payment ratio of the first and second sets of housing was reduced to 15% and 25% respectively. Whether it is the down payment ratio or the loan interest rate, the People's Bank of China Gansu Branch said that within the scope of this policy, each bank can determine the specific down payment ratio of each loan in accordance with the principles of marketization and legality. In addition, each bank can reasonably determine the specific interest rate level of each loan in combination with its own business status, customer risk and other factors.
In addition to Gansu, according to the CCTV news report, the reporter learned from relevant departments today that the People's Bank of China Guangxi Branch has completely lifted the lower limit of commercial personal housing loan interest rate for the first and second housing in Guangxi since May 23, according to the regulatory requirements of local governments in Guangxi. It is understood that before this, Guilin has phased out the lower limit of interest rate for commercial personal housing loans for the first housing since April 25, which is the first prefecture in Guangxi to cancel the lower limit of interest rate for first housing loans.
On May 17, the People's Bank of China issued a notice on adjusting the interest rate policy for commercial individual housing loans, pointing out that the lower limit of the interest rate policy for commercial individual housing loans for the first and second homes at the national level should be abolished. Before Gansu and Guangxi, Fuzhou was also the first official to publicly announce the cancellation of the lower limit of housing loan interest rate. On May 22, Fujian Branch of the People's Bank of China issued an announcement to adjust the housing credit policy in Fuzhou. In terms of housing loan interest rate, the lower limit of commercial personal housing loan interest rate for the second housing in Fuzhou was cancelled on April 3, 2024, on the basis of the lower limit of commercial personal housing loan interest rate for the first housing.
Several banks in Lanzhou and Guilin: no specific interest rate adjustment notice has been received for the time being. The lowest interest rate of the first house loan in Guilin has recently dropped to 3.25%
According to the Monetary and Credit Management Division of Gansu Branch of the People's Bank of China, after canceling the lower limit of housing loan interest rate and optimizing the minimum down payment ratio, commercial banks can independently determine the specific interest rate level and down payment ratio of each loan according to customer risk status, the lower limit of the national down payment ratio and other factors. It is expected that the housing loan interest rate in most cities within the jurisdiction will continue to decline, which can ordinary people Fully enjoy the policy dividend, save the cost of housing purchase and lower the threshold for housing purchase.
After the official announcement of the cancellation of the lower limit of the loan interest rate for the first and second set of houses, the reporter of the Associated Press of Finance consulted the personal loan departments of many banks in Gansu, Guangxi's hot cities Lanzhou and Guilin. The local banks said that they had not received the notice of the adjustment of the housing loan interest rate for the time being. However, the personal loan department staff of a bank in Guilin said that the minimum interest rate for the first set of housing loans in Guilin had recently dropped from 3.35% to 3.25%.
"At present, the interest rate of the first housing loan is 3.65%, and that of the second is 4.15%." A Lanzhou joint-stock bank, a branch of a large bank and a personal loan manager told the Associated Press that they had not received the notice of adjustment for the time being. "If there is a new notice, the new interest rate will be implemented".
Personnel from personal loan departments of several banks in Guilin also said that there was no notice of adjustment at present. Among them, the personal loan department of a branch of a large bank in Guilin said that the interest rate of the first house loan was 3.25%, and that of the second was 4.15%. "The interest rate of the first house loan has just been adjusted from 3.35% to 3.25% recently". It is understood that on April 28, the Guilin Housing and Urban Rural Development Bureau issued a document saying that the lower limit of the commercial individual housing loan interest rate for the first house in Guilin will be phased out from April 25.
Wang Xiaoqiang, chief analyst of Zhuge Data Research Center, said in an interview with the Associated Press of Finance and Economics that more cities may join the camp of canceling the lower limit of housing loan interest rate in the future, especially the second tier, third tier and fourth tier cities. Due to the high increase point of stock housing loans in first tier cities, and the large adjustment of housing loans in the fourth quarter of last year, if the continuous reduction involves the psychological gap of stock housing loan customers, it is easy to cause the psychological imbalance of old customers and lead to centralized "early repayment", so the adjustment of the lower limit of the housing loan interest rate in first tier cities still needs time to consider.
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