According to the latest LPR, on July 20th, 2022, the LPR for 1 year was 3.7%, and that for five years or more was 4.45%. Of course, loans of more than five years are mainly for mortgages, so for property buyers, they only need to pay attention to the five-year LPR, and the benchmark is 4.45%.

According to the notice issued by the central bank on May 15, 2022, the lower limit of the interest rate of the first set of commercial personal housing loans was adjusted to be no less than the quoted interest rate of the loan market minus 20 basis points in the same period, and the lower limit of the second set of commercial personal housing loans was implemented according to the current regulations.

Before the adjustment, the lower limit of the first home loan interest rate was the quoted interest rate of the loan market for the corresponding term, and the second home loan was LPR+60 basis points. According to the latest loan market quotation (LPR) on July 20th, the LPR for 1 year is 3.7%, and the LPR for five years and above is 4.45%.