In 2023, the interest rate of the first home loan basically decreased, which was around 4. 1%, with a certain difference.

However, it is relatively declining at present.

What's the interest rate for the first home loan?

Now basically every family can buy a house, not because there are many people, but because there are loans to buy a house. Buyers only need to pay a certain down payment, and the rest of the house can be loaned to the bank. This policy provides convenience for families with housing needs and insufficient funds, but they must pay relevant interest when choosing a mortgage loan to buy a house. Generally, the loan interest rate for buying the first suite will be lower than that for the second suite, so what is the interest rate for the first home loan? Let's take a look with Bian Xiao.

1. What's the interest rate for the first home loan?

1, commercial loan, the average interest rate for applying for commercial loan to purchase the first suite is about 5.38%, and 5%-20% is implemented on the basis of the benchmark interest rate of 4.90%. Of course, there are also some gaps in the adjustment of local policies and banks; 2. Provident fund loans. It is fixed to apply for a provident fund loan to buy the first suite. The interest rate of loans for more than five years is 3.25%, and the annual interest rate of loans for less than five years is 2.75%.

Second, what are the benefits of being the first suite?

Each region has different standards for the identification of the first suite, which can be divided into three ways: house recognition, loan recognition, loan recognition and house recognition. Once the first suite is confirmed, there will be many preferential policies when applying for a loan. The first advantage is that the down payment ratio is low, which is very important for buyers with insufficient down payment. Generally, the down payment for the first suite only needs about 30% of the total house price.

Secondly, it is more favorable in terms of loan interest rate. Generally speaking, the loan interest rate of the first suite is determined according to the benchmark interest rate or the floating interest rate of 10%, while the loan interest rate of the second suite will rise by 20%. If it is recognized as the first suite, the deed tax will be less, and only 1% will be levied for the purchase of houses below 90 square meters.