The term of mortgage loan is one year, and the benchmark interest rate of LPR is 3.85%. The benchmark of LPR over five years is 4.65%, and the benchmark is generally 100 times.

The base point of mortgage is determined by the bank according to several factors, such as everyone's credit qualification, local housing purchase policy and local market situation.

The minimum purchase ratio of the first suite is 30%; The family has 1 apartment in Ningbo, and the loan has been settled; The down payment ratio for purchasing ordinary self-occupied houses shall not be less than 40%; For those who own 1 house and the loan is not settled, the down payment ratio for purchasing ordinary self-occupied houses shall not be less than 60%.

654381The latest LPR guidance interest rate released on October 20th shows that compared with last year, the mortgage interest rates of many banks in Ningbo are lowered by 5BP. That is, the first home loan interest rate LPR+75 basis points (5.4%) and the second home loan interest rate LPR+ 100 basis points (5.65%) are implemented.