The suspension of work, business and production during the epidemic period is a difficulty for many property buyers and small and medium-sized enterprises, and it is difficult to repay without income. To this end, the People's Bank of China, the Ministry of Finance, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the Foreign Exchange Bureau jointly issued the Notice on Further Strengthening Financial Support to Prevent and Control novel coronavirus, so as to help the loan repayment groups tide over this difficult period.
For small and medium-sized enterprises in wholesale and retail, accommodation and catering, logistics and transportation, cultural tourism and other industries that are greatly affected by the epidemic, the central bank stipulates that financial institutions shall not blindly lend, cut off loans or pressure loans; And support related enterprises to overcome the impact of epidemic disasters by increasing financing support, appropriately reducing loan interest rates, increasing credit loans and medium and long-term loans; At the same time, it will also establish a "green channel" for financial services, simplify business processes, improve loan approval, and improve the business efficiency of SMEs.
For the capital demand of epidemic prevention units and enterprises with difficulties in market financing, development policy financial institutions should strengthen overall coordination, adjust credit arrangements according to their own business scope, and reasonably meet the needs of epidemic prevention and control. Regarding the repayment of personal loans, the central bank pointed out that financial institutions are required to appropriately tilt credit policies, flexibly adjust personal credit repayment arrangements such as housing mortgages and credit cards, and reasonably postpone the repayment period. If the repayment is overdue due to inconvenience during the epidemic, it will not be included in the credit record.
2. Announcement of the central bank: From March 1, the mortgage interest rate will be implemented according to LPR.
At the end of 20 19, the central bank issued Announcement No.30 of the People's Bank of China. According to the announcement, starting from March 1 2020, financial institutions should negotiate with customers of existing floating-rate loans about the conversion terms of the pricing benchmark, and convert the interest rate pricing method agreed in the original contract into LPR (loan market quoted interest rate) as the pricing benchmark, or convert it into a fixed interest rate.
What is LPR? The quoted interest rate in the LPR loan market, also known as the preferential loan interest rate, is the loan interest rate that commercial banks implement for their best customers, and other loan interest rates can be generated by adding or subtracting points on this basis. The centralized quotation and release mechanism of preferential loan interest rate is based on the quotation bank's independent quotation of its preferential loan interest rate, and the publisher is designated to perform arithmetic operation on the quotation to form the average interest rate quoted by the quotation bank's preferential loan interest rate and announce it to the public.
3. Bank: Personal loans may be discounted.
The pricing method of mortgage interest rate is changed to LPR. What kind of impact does this have on property buyers? Recently, the reporter interviewed the relevant person in charge of Liuzhou financial industry. He Mou, the person in charge of a branch in Liuzhou, said that from March 1, the mortgage interest rate pricing method was changed to LPR. Depending on the market situation, there should be some discounts for buyers at present. LPR changes every month, and the current downward trend is even greater. Senior real estate professionals said that the conversion of mortgage interest rate pricing method to LPR is another important measure of national macro-control, which further stimulates the demand for house purchase and promotes the recovery of the real estate market.