Recently, the reporter called the staff of a number of banks in Shandong and learned that many banking institutions in Tai’an, Linyi and Yantai have generally reduced the interest rate of personal housing loans.
“Yes, it did. It just fell.” Industrial And Commercial Bank Of China Limited(601398) Tai’an Branch’s head of personal loan department said on the afternoon of March 19, “the amount of personal housing loan this year is much looser than last year, and the actual interest rate of personal housing loan has been reduced accordingly. At present, the average interest rate of our first house loan is about 5%, and the average interest rate of second house loan is about 5.3%, down about 20 BP and 30 BP respectively.”
The person in charge said that at present, the policy lower limit of individual housing loan interest rate is “the loan for the first house shall not be lower than LPR and the loan for the second house shall not be lower than LPR + 60BP”. This policy framework has not changed. The bank will adjust it at any time according to the market conditions above this lower limit.
In addition, the reporter also learned from the staff of Bank Of China Limited(601988) Yantai Branch that the average interest rate of the first house of the bank was reduced to 5.1%, and the average interest rate of the second house was reduced to 5.3%, which was also lower than before. The staff member also said, “this is part of the ‘spring action’ carried out by our bank. Of course, this is only the average interest rate level. Specifically, the interest rate level of each individual housing loan is related to many factors such as the borrower’s credit level and repayment ability, which should be analyzed in detail.”
Industrial Bank Co.Ltd(601166) Linyi Branch also said that personal housing loans are high-quality assets of banks. At present, it is a critical period for all banks to strive for a “good start”. Many banks have strengthened the marketing of personal housing loans by reducing loan interest rates. In many banks, the interest rate of the first house has been reduced to 5% and that of the second house has been reduced to 5.2%. Each bank will We will make independent adjustments to the supply and demand of housing loans and interbank interest rates.
