The interest rate of provident fund loans is still 1-5 years 2.75% and 6-30 years 3.25%.
The central bank issued the Announcement on Interest Rate Adjustment of Newly Issued Commercial Personal Housing Loans. After the reform, the new commercial personal housing loan interest rate is based on LPR in the same period of last month.
At the same time, it is clear that the interest rate policy of provident fund personal housing loans will not be adjusted for the time being. On August 29th, the Housing Fund Management Center of the central state organs clearly stated in the official WeChat account that "the interest rate of provident fund loans will not be adjusted for the time being".
The Beijing Youth Daily reporter inquired on the official account of WeChat that the interest rate of the first home provident fund loan was 1-5 years 2.75% and 6-30 years 3.25%; The loan interest rate of second-home provident fund 1-5 years is 3.025%, and 6-30 years is 3.575%.
Extended data
The announcement of the central bank made it clear that the interest rate of the first set of commercial personal housing loans should not be lower than the quoted interest rate of the corresponding term loan market, and the interest rate of the second set of commercial personal housing loans should not be lower than the quoted interest rate of the corresponding term loan market plus 60 basis points.
Before October 8, 20 19/KLOC-0, the commercial personal housing loans that have been issued and the commercial personal housing loans that have been signed but not issued are still executed according to the original contract. The interest rate policy of provident fund personal housing loan will not be adjusted for the time being.
In the new LPR released on August 20th, the quoted market interest rate of 1 year loan is 4.25%, and the quoted market interest rate of 5-year loan is 4.85%. Since most personal loans have a term of more than five years, according to the announcement of the central bank, the interest rate of the first set of new commercial personal loans shall not be lower than 4.85%, and the second set shall not be lower than 5.45%.