What is the interest rate for the first home loan in Dongguan

The provident fund loan to purchase the first home in Dongguan is based on the central bank's benchmark interest rate. The commercial loan to purchase the first home is based on the borrower's qualifications and is subject to the central bank's benchmark interest rate. Floating on the base interest rate. Currently, the central bank’s benchmark interest rate is:

1. Commercial loans:

1. The loan period is within one year (including one year), and the interest rate is 4.35%;

2. The loan period is one to five years (inclusive), and the interest rate is 4.75%;

3. The loan period is more than five years, and the interest rate is 4.90%.

2. Provident Fund Loan:

1. The loan period is less than five years (including five years), and the interest rate is 2.75%;

2. The loan period is five years Above, the interest rate is 3.25%.

For more information about the first home loan interest rate in Dongguan, enter: View more content Dongguan bank mortgage interest rate in December

Dongguan bank mortgage interest rate in December, 2022 Dongguan city mortgage interest rate is divided into three Types: 1. Commercial mortgage: the benchmark interest rate for the first home is 7.05%, the 15% discount is 5.9925%, and the benchmark interest rate for the second home is 7.755%. Guangdong house purchase loan interest rate

What is the Guangzhou house purchase loan interest rate 2023 latest

Source: Jiwu.com Release time: 2023-03-14 10:03:00 1261 views

< p>Introduction: It is very common to buy a house with a loan now, which has led to many young people becoming house slaves. A large part of the pressure comes from the interest generated by the loan interest rate. So, what is the interest rate for house purchase loans in Guangzhou?

Nowadays, it is very common to take out a loan to buy a house, which has led to many young people becoming house slaves. A large part of the pressure comes from the interest generated by the loan interest rate. So, what is the interest rate for house purchase loans in Guangzhou?

Guangzhou home purchase loan interest rate

At present, the general interest rate for first-time home buyers in Guangzhou remains unchanged, that is, the 1-year LPR is 3.65%, and the 5-year or above LPR is 4.3%. There is no Interest rate cut notice.

According to the latest LPR of more than 5 years, the lower limit of first-time home loan interest rate is 4.1%, because according to the central bank’s regulations that allow cities where housing prices have fallen month-on-month and year-on-year for three consecutive months after breaking the lower limit of interest rates, there are now nearly 10 cities have lowered first-home loan interest rates to "3". It is worth noting that Guangzhou, as a first-tier city, is not included in this round of "interest rate cuts."

The trouble with Guangzhou’s housing loan interest rates not being lowered

Guangzhou’s higher housing loan interest rates and strict purchase restriction policies have prevented the release of market purchasing power. In addition, Foshan, Dongguan and other surrounding cities with strong spending power have Cities have relaxed purchase and loan restrictions one after another. Qingyuan, Jiangmen, Zhaoqing and others are returning to their hometowns to buy properties, diverting a large part of Guangzhou's purchasing power.

From this perspective, there is still room and necessity for Guangzhou’s overall interest rate to be lowered. Guangzhou's large supply of new homes, large transaction volume, and low prices are closer to the characteristics of the real estate market in second-tier cities. It is necessary to adjust some current restrictive measures in the real estate market as soon as possible, including lowering interest rates. What is the interest rate for a first home loan in Dongguan

Mortgage interest rates are generally based on the central bank's benchmark interest rate. Each region and individual bank will determine the actual interest rate based on its own actual situation and the applicant's credit conditions.

Currently, the interest rates for first-time home loans in Dongguan are as follows:

1. The Dongguan Branch of the People’s Bank of China stated: When applying for a first-time commercial home loan, the minimum down payment ratio must be no less than 30%, and the loan interest rate must not be less than 30%. Lower than 0.7 times the benchmark interest rate, that is, it cannot be lower than 3.43%;

2. Dongguan Bank Dongguan Branch: The first home loan interest rate is an average of 25% higher than the benchmark interest rate, and the average interest rate is 6.125%;

3. Agricultural Bank of China and Industrial and Commercial Bank of China Dongguan Branch: first-time home loan interest rates are mainly raised by 20%-25% based on the benchmark, with interest rates between 5.88%-6.125%;

4. China Construction Bank, Postal Bank Dongguan Branch: Make timely adjustments based on customer qualifications and market conditions.

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