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 major banks lowered the housing loan interest rate in Guangzhou, and the preferential approval interest rate of the first and second homes decreased by 0.2%. What is the interest rate level and down payment ratio of banks in Nanjing? The individual loan managers of many banks said that at present, the bank’s housing loan quota is sufficient and there is no need to queue up. The housing loan interest rate is about 5.4-5.9%. Generally, customers with good credit investigation and complete materials can make a payment in more than 10 working days, and one bank can complete the approval in even one working day. However, there is no change in the down payment, which is still the lowest 30%.
The lowest interest rate of the first house in Nanjing can reach 5.5%, and the fastest speed of mortgage approval is only one day
On February 22, the reporter learned from many banks in Nanjing that the loan interest rate of the first house has been lowered recently. At present, the latest five-year LPR of the central bank is 4.6%. The first house loan interest rate of commercial banks is basically 100-130 basis points higher than the central bank’s LPR, and the housing loan interest rate is between 5.6% – 5.9%. Compared with the 5.9% – 6.1% mortgage interest rate learned by the reporter in the interview on January 20, it decreased significantly within one month.
A customer manager of a joint-stock commercial bank told reporters that for the sale of second-hand houses, the mortgage interest rate of the bank in January was about 5.8%, which is now reduced to 5.7%, and the lowest can even be reduced to 5.5%, depending on the credit investigation and qualification of the lender and the intermediary situation of second-hand houses cooperating with the bank.
As for the loan interest rate of first-hand houses, it depends on the specific developers and real estate. However, some bank staff said that whether it is a first-hand house or a second-hand house, the change of mortgage interest rate is basically synchronous. If the loan is 1 million yuan, the repayment method and time shall be equal to the principal and interest for 30 years. Calculated according to the current mainstream interest rate of 5.7%, compared with the mainstream interest rate of 6% a month ago, the buyer of the first mortgage can pay 191.51 yuan less each month and save 68900 yuan in 30 years.
In addition to the reduction of interest rates, another obvious advantage is that the lending time is shortened and the approval speed is accelerated. The account manager of one bank said that the latest approval could be completed in one working day at the fastest. The staff of a real estate agency company in Gulou District, Nanjing said, “the next payment is also fast. Major banks now have a lot of funds in hand, waiting for buyers to borrow.” She said it only takes about a month from signing to getting the house.
The lowest down payment ratio in Nanjing is still 30%
Mortgage interest rate cut in line with expectations
In addition to the decline in mortgage interest rates, the proportion of down payment for buying houses in many cities has decreased. On February 17, some banks in Heze City, Shandong Province said that they would adjust different down payment ratios according to the situation of home buyers. Among them, the down payment ratio of “no house, no loan” home buyers fell to 20%.
However, the reporter learned from a number of banks and real estate intermediary companies that the minimum down payment ratio of house purchase in Nanjing is still 30%.
Deng Haozhi, a real estate economist, believes that after the comprehensive reduction of reserve requirements and interest rates last year, mortgage interest rates in many parts of the country have begun to decline. In line with the national and local requirements for stabilizing the property market, the four major banks followed up the reduction of mortgage interest rates, which is very in line with expectations. After the interest rate is lowered, it will be of positive help to the market recovery. This is very helpful to release purchasing power. It must be the general trend that the property market in first tier cities takes the lead in recovering.
A real estate industry researcher in Nanjing said that the decline of loan interest rate will stimulate the demand for personal housing loans. The housing loan environment continues to be loose, and buyers who just need to buy houses can save a sum of interest. He predicted that the loosening of real estate policy has just begun, and will be relaxed in the second and third quarters on the whole.
