1. Overdue repayments during the epidemic will not be included in the credit and breach of trust records

The suspension of work, business, and production during the epidemic is a difficulty for many home buyers and small and medium-sized enterprises. , there is no income and it is difficult to repay. To this end, the People's Bank of China, the Ministry of Finance, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly issued the "Notice on Further Strengthening Financial Support to Prevent and Control the New Coronavirus Infection Pneumonia Epidemic" to help loan repayers tide over this difficult period.

For small and medium-sized enterprises that have been greatly affected by the epidemic, such as wholesale and retail, accommodation and catering, logistics and transportation, cultural tourism and other industries, the central bank stipulates that financial institutions shall not blindly withdraw loans, cut off loans, or suppress loans; and use Increase financing support, appropriately lower loan interest rates, increase credit loans and medium- and long-term loans to support relevant enterprises in overcoming the impact of the epidemic disaster; at the same time, we will also establish a "green channel" for financial services, simplify business processes, improve loan approval, etc., and improve the efficiency of small and medium-sized enterprises. Enterprise business processing efficiency.

For the capital needs of epidemic prevention units and enterprises that have difficulties in market-based financing, development policy financial institutions must combine their own business scope, strengthen overall coordination, adjust credit arrangements, and reasonably meet the needs of epidemic prevention and control. Regarding personal loan repayments, the central bank pointed out that financial institutions are required to provide credit policies for those who are hospitalized or quarantined due to infection with new pneumonia, those who need to be quarantined for epidemic prevention and control, those who participate in epidemic prevention and control, and those who have temporarily lost their income due to the epidemic. Appropriate tilt will be given to the government, flexibly adjust the repayment arrangements for personal credit such as housing mortgages and credit cards, and reasonably extend the repayment period. If the repayment is overdue due to inconvenience during the epidemic, it will not be included in the credit record.

2. Central Bank Announcement: From March 1, the mortgage interest rate will be based on LPR.

At the end of 2019, the Central Bank issued the "People's Bank of China Announcement 2019 No. 30". According to the announcement, starting from March 1, 2020, financial institutions should negotiate with existing floating rate loan customers on the pricing basis conversion terms, and convert the interest rate pricing method agreed in the original contract to LPR (loan market quotation rate) as the pricing basis plus points. Formation, can also be converted to a fixed interest rate.

And what is LPR? LPR, also known as loan market quotation rate, also known as loan base interest rate, is the loan interest rate implemented by commercial banks for their best customers. Other loan interest rates can be added or subtracted on this basis. generate. The centralized quotation and publication mechanism of the loan base interest rate is based on the quoting bank's independent reporting of the bank's loan base interest rate. The designated publisher performs arithmetic calculations on the quotation to form the average interest rate of the quoting bank's loan base interest rate quotation and publish it to the public.

3. Bank: Personal loans may be discounted

The mortgage interest rate pricing method will be converted to LPR. What impact will this have on home buyers? Recently, reporters interviewed relevant persons in charge of Liuzhou’s financial industry. He Mou, head of a bank branch in Liuzhou, said that starting from March 1, the mortgage interest rate pricing method will be converted to LPR, depending on market conditions. There should be some discounts for home buyers. LPR will change every month. Currently, The downward trend is larger. Senior real estate insiders said that the conversion of the mortgage interest rate pricing method to LPR is another important measure in the country's macroeconomic adjustment, which will further stimulate home purchases and promote the recovery of the real estate market.