The central bank and the China Banking Regulatory Commission today introduced a new policy of "denying loans but not housing". Families whose first home loan has been settled can enjoy the preferential policies for the first home when they buy a second home.
According to the notice, for families who purchase the first set of ordinary self-occupied housing by loan, the minimum down payment ratio of the loan is 30%, and the lower limit of the loan interest rate is 0.7 times the benchmark interest rate of the loan, which is determined by the banking financial institutions independently according to the risk situation. For 1 housing families who have settled the corresponding housing loans, in order to improve their living conditions, they apply for loans to buy ordinary commercial housing again, and banking financial institutions implement the first home loan policy.
In cities where the "purchase restriction" measures have been cancelled or not implemented, for families who own two or more houses and have settled the corresponding home purchase loans, banking financial institutions should carefully grasp and specifically determine the down payment ratio and loan interest rate level according to the borrower's solvency, credit status and other factors. Banking financial institutions can issue housing loans to non-local residents who meet the policy conditions according to the local urbanization development plan.
Banking financial institutions should shorten the loan approval period, reasonably determine the loan interest rate, and give priority to meeting the credit needs of households to purchase the first set of ordinary self-occupied housing and improved ordinary self-occupied housing.
The industry believes that the first suite identification standard is relaxed. On the whole, buyers who have no house but have loan records under their names, and those who improve their houses through "selling one for one" will enjoy the first set of home purchase concessions. After the adjustment of the first suite, the down payment will be changed from 60% to 30%, and the loan interest rate will be implemented according to the standard of the first suite, which is equivalent to reducing the threshold for buying a house by half, or will prompt those who have just been hurt by the policy to return to the market.