Beijing, Shanghai, and Shenzhen have successively announced the lower limit of the first home loan interest rate.
On September 1st, Beijing, Shanghai, Shenzhen, and other cities successively announced the minimum interest rates for personal housing loans in their respective regions.
According to Dolphin Research APP, following the announcement of the adjustment of existing house loan interest rates, Beijing, Shanghai, Shenzhen, and other cities have successively announced the lower limit of personal housing loan interest rates in their respective regions on September 1st. From October 2019 to the present, the lower limit of the first-time commercial personal housing loan interest rate in Beijing is the corresponding loan market quoted interest rate (LPR) plus 55 basis points (BP). From July 24th, 2021, to the present, the executed lower limit level in Shanghai is LPR plus 35 BP. From May 15th, 2022, to the present, the executed lower limit level in Shenzhen is LPR plus 30 BP, and the national lower limit level is LPR minus 20 BP.
Specifically, the official website of the Beijing branch of the People's Bank of China (PBOC) announced that from October 2019 to the present, the lower limit of the first-time commercial personal housing loan interest rate in Beijing is the corresponding loan market quoted interest rate (LPR) plus 55 BP. The national lower limit of the first-time commercial personal housing loan interest rate is: from October 2019 to May 2022, it is LPR, and from May 2022 to the present, it is LPR minus 20 BP.
The official website of the Shanghai headquarters of the PBOC announced the relevant information on the self-discipline lower limit of the first-time commercial personal housing loan interest rate in Shanghai, among which the executed lower limit level from July 24th, 2021, to the present is LPR plus 35 BP.
The official website of the Shenzhen branch of the PBOC announced the historical adjustment of the lower limit of the first-time house loan interest rate in Shenzhen, from May 15th, 2022, to the present, the executed lower limit level in Shenzhen is LPR plus 30 BP, and the national lower limit level is LPR minus 20 BP.
This article is selected from the official websites of the Beijing, Shanghai, and Shenzhen branches of the People's Bank of China; edited by Xu Wenqiang from Zhongtong Finance.