Zhengzhou new home loan interest rate

The current Zhengzhou housing loan interest rate is 5.39%, while the current long-term loan interest rate of more than 5 years is 4.60. That is, the basic interest rate increases by 79 basis points, which is equal to the old basic interest rate of 4.9% and then increases by 10%. The interest rate for second-hand houses is 4.9%. That's a five-year low, and rates are also down a bit from last year, which in most cases was 6.13%.

In addition, if you meet the following conditions: If you have graduated in recent years, have a higher education, and have purchased your first home, you can enjoy the Zhengzhou Municipal Government’s preferential treatment for talents. Policy, mortgage interest rates can be reduced to a maximum of 4.7%.

Since last year, Zhengzhou’s housing loan interest rates have been in a state of rising and falling fluctuations. The loan interest rate for first homes was only 5.88% in the first half of last year. However, with the central bank's "three red lines" and "two red lines" for real estate companies and banks, the real estate market has been strictly controlled. Therefore, banks have not only extended loan terms, but also loan interest rates have continued to rise, reaching 6.13% in August and reaching a maximum of 6.37% in October.

How much down payment is needed to buy a house in Zhengzhou?

The housing prices in Zhengzhou are directly related to the location and the size of the house.

1. The house prices of each building are different, the lowest is 7,000 to 8,000 square meters, and there are basically very few houses below 6,000 square meters;

2. The down payment is 20% -30%, depending on the loan term, if you choose 5 or 10 years, the monthly repayments will be more, if you choose 20 or 30 years, the monthly repayments will be lower, and the interest rate will also change.

Note: It is recommended to go to multiple communities and ask. If it is not convenient to go to the construction site, you can also check the phone numbers of these communities and simply ask about the price.