After the cold winter of the year of the ox, the housing credit environment in many places began to change at the beginning of the year of the tiger.
According to the report, Industrial And Commercial Bank Of China Limited(601398) , Agricultural Bank Of China Limited(601288) , Bank Of China Limited(601988) , China Construction Bank Corporation(601939) , Bank Of Communications Co.Ltd(601328) , Postal Savings Bank Of China Co.Ltd(601658) six major banks have reduced the housing loan interest rate in Guangzhou from today on. At the same time, Nanning issued new regulations on housing provident fund loans, and the down payment ratio of second homes was reduced to 30%.
Affected by the good news, Guangzhou local developers Guangzhou Pearl River Industrial Development Co.Ltd(600684) rose sharply today.
In addition, a number of other real estate stocks rose at the end of the day, and the sectors were collectively red.
six banks will simultaneously reduce the housing loan interest rate in Guangzhou
According to CCTV news, Industrial And Commercial Bank Of China Limited(601398) , Agricultural Bank Of China Limited(601288) , Bank Of China Limited(601988) , China Construction Bank Corporation(601939) , Bank Of Communications Co.Ltd(601328) , Postal Savings Bank Of China Co.Ltd(601658) six banks have reduced the housing loan interest rate in Guangzhou from today on. Among them, the preferential approval interest rate of the first house is reduced from the previous LPR + 100bp (5.6%) to LPR + 80bp (5.4%), and the preferential approval interest rate of the second house is reduced from the previous LPR + 120bp (5.8%) to LPR + 100bp (5.6%).
The reporter preliminarily calculated that the loan is 2 million yuan, with a 30-year term and equal principal and interest repayment. The first house loan buyers can pay about 250.96 yuan less each month, and the second house loan buyers can pay about 253.48 yuan less each month.
In addition, the people’s Bank of China authorizes the national interbank lending center to announce that the quoted interest rate (LPR) of the loan market on February 21, 2022 is: 1-year LPR is 3.7%, and more than 5-year LPR is 4.6%. It was the same as last month. Previously, the quoted loan market interest rate (LPR) on December 20, 2021 was 3.8% for one-year LPR and 4.65% for more than five-year LPR.
According to Nanfang Daily, a person in charge of the personal loan department of a large state-owned bank told reporters that different from the strong market demand and tight mortgage amount in the same period last year, since the beginning of this year, real estate transactions have been relatively light and the bank mortgage amount has been abundant. There is still room for continuous downward mortgage for some time in the future.
Shanghai mortgage interest rate has been adjusted with LPR
the approval of second-hand housing loans was accelerated
Every reporter learned that, in addition to Guangzhou, at present, the first mortgage interest rate of major banks in Shanghai has decreased to 4.95% following the recent LPR change, and the second home loan interest rate is 5.65%.
On July 24 last year, the interest rate of the first house loan in Shanghai was adjusted from 4.65% to 5% (LPR + 35bps at that time), and the interest rate of the second house loan was increased from 5.25% to 5.7% (LPR + 105bps at that time).
According to the loan market quotation rate (LPR) in January 2022 released by the central bank, the LPR for one-year term is 3.7% and that for more than five years is 4.6%. Among them, the five-year LPR linked to housing loans was reduced by 5 basis points, which was also the first reduction in 20 months.
Following the change of LPR with a term of more than 5 years, the lending rates of the first and second homes of major banks in Shanghai have also been reduced by 5 basis points, but the increase rate compared with LPR remains unchanged. “All banks are the same”, a number of individual loan managers told reporters. At the same time, they reminded us to pay attention to the changes of LPR every month, and the mortgage interest rate will be adjusted accordingly.
Take the commercial loan of “loan 1 million, 30 years, equal principal and interest” as an example. The original interest rate of the first house loan was 5%, which required a monthly repayment of 5368.22 yuan, with a total interest of 932600 yuan; After the interest rate of the first house loan is reduced to 4.95%, it needs to repay 5337.7 yuan per month, with a total interest of 921600 yuan.
Similarly, the original loan interest rate of the second house was 5.7%, which required a monthly repayment of 5804 yuan, with a total interest of 1.0894 million yuan; After the loan interest rate of the second house is reduced to 5.65%, it needs to repay 5772.36 yuan per month, with a total interest of 1.078 million yuan.
In addition, recently, every reporter went to a number of bank outlets in Shanghai as a buyer to consult the housing loan business. During the communication process, he learned that many banks have accelerated the approval and lending process of second-hand housing loans.
“It depends on whether the information is complete. If the information is complete, it’s very fast to do (mortgage) approval now.” Industrial And Commercial Bank Of China Limited(601398) the individual loan manager of a sub branch told reporters.
Agricultural Bank Of China Limited(601288) a person from the personal loan department of a sub branch told reporters: “if you buy a house through some large real estate agents, you can directly apply for a loan from our bank now; if you are some small agents, it depends on whether the agent is in the intermediary access list of our bank. If it is not in the list, you can’t make a mortgage for the time being.” He also mentioned that under normal circumstances, the information is complete to apply for housing loans, and now the approval is basically three to four weeks.
The reporter learned from the consultation that at present, the overall process of Bank approval and lending of second-hand housing loans takes about two months. Compared with the bank lending time of three or four months or even six months due to the shortage of housing loan quota last year, the current lending rhythm has been significantly accelerated.
new regulations on housing provident fund loans in Nanning:
the proportion of down payment for second house is reduced to 30%
In addition to the decline in mortgage interest rates, many places have recently adjusted the proportion of down payment of individual housing loans.
On February 17, according to Zhongxin Jingwei report, the reporter learned from Bank Of China Limited(601988) , Agricultural Bank Of China Limited(601288) , Industrial And Commercial Bank Of China Limited(601398) , China Construction Bank Corporation(601939) relevant business outlets in Heze City, Shandong Province that the four major banks reduced the down payment ratio of individual housing loans in the city, and the down payment ratio of “no house, no loan” buyers decreased from the previous lowest 30% to the lowest 20%.
Shanghai Securities News recently reported that many banks in Ganzhou, Jiangxi have reduced the down payment ratio of the first house loan to 20%. Local real estate agents said that at present, large state-owned banks, China Citic Bank Corporation Limited(601998) , Guangfa bank and China Merchants Bank Co.Ltd(600036) all implement this house loan policy. The local credit manager of Agricultural Bank Of China Limited(601288) said that although the minimum down payment of Ganzhou’s first house loan can be reduced to 20%, it still needs to be “different from house to house”. Whether we can get the minimum down payment depends on the situation of developers.
In addition, according to Guangxi News Network reported today, on February 18, Nanning housing provident fund management center issued the implementation rules for the management of individual housing loans of Nanning housing provident fund, which will come into effect on March 1. A number of policies have been implemented to benefit the people, including that the proportion of down payment of provident fund loan for the second house shall not be less than 30% of the housing value, that is, the loan amount shall not be higher than 70% of the housing value.
This is good news for improved home buyers. Because the down payment ratio of the previous two suites should not be less than 40% of the housing value, after the implementation of the new regulations, the down payment pressure of house buyers to change houses will be reduced.
It is worth noting that many housing loan policies have been adjusted since this year.
On January 12, Guangxi Beihai housing provident fund management center issued the notice on adjusting the housing provident fund loan policy, which made it clear to reduce the down payment ratio of provident fund loans, making it the first city in China to reduce the down payment ratio this year.
On January 18, Zigong housing provident fund management center of Sichuan Province issued the notice on issues related to the adjustment of housing provident fund policies, relaxed the recognition policy of housing units and implemented the recognition standard of “only recognizing loans but not houses”.
