From June 8, 20 19, 10, the new commercial personal housing loan interest rate is formed by adding the quoted interest rate in the loan market in the latest month as the pricing benchmark.

The added value shall meet the requirements of national and local housing credit policies, reflect the loan risk and be fixed during the contract period. When the borrower applies for a commercial personal housing loan, he may negotiate with the banking financial institution to agree on the interest rate repricing period. The shortest repricing period is 1 year. On the interest rate repricing date, the pricing benchmark is adjusted to the loan market quotation for the same period in the latest month.

Extended data:

Provisions on the relevant requirements of individual housing loan interest rate:

1. Personal housing loan interest rate is an integral part of the loan interest rate system. In the process of reforming and perfecting the formation mechanism of LPR, the pricing benchmark of individual housing loans also needs to be changed from the loan benchmark interest rate to LPR to better play the role of the market.

2. The provincial branches of the People's Bank of China shall, in accordance with the principle of "taking measures according to the city", determine the lower limit of the interest rate of the first and second sets of commercial personal housing loans within their jurisdiction on the basis of the unified national credit policy and changes in the local real estate market situation. Banking financial institutions should reasonably determine the specific bonus value of each loan according to the lower limit of bonus.

The Central People's Government-China People's Bank announced the adjustment of the interest rate of individual housing loans.