May 15, 2022 03:05 PM (GMT+8) · EqualOcean
The central bank and the China Banking and Insurance Regulatory Commission jointly issued a document today to adjust the lower limit of the interest rate of commercial individual housing loans for the first set of housing to no less than the quoted market interest rate (LPR) of the corresponding term loan by 20 basis points. This means that after the lower limit of individual housing loan interest rate is lowered, the interest rate of the first set of housing loans can be as low as 4.4% at most. According to experts' estimation, according to the loan amount of 500000 yuan, the term of 30 years and the repayment of equal principal and interest, the interest rate will be reduced by 20 basis points, the average monthly supply expenditure will be reduced by about 60 yuan, and the interest expenditure will be reduced by about 20000 yuan in the next 30 years. In addition, the central bank's notice is mainly aimed at the new issuance of commercial personal housing loans, and the interest rate of stock commercial personal housing loans is still implemented according to the original contract.

This text is a result of machine translation.