1. Commercial loans Under normal circumstances, commercial banks have to increase the benchmark interest rate by 10%, which is 7.21%, based on the 6.55 benchmark interest rate announced by the People's Bank of China. According to national regulations, the interest rate for second-home mortgages should be 1.1 times the benchmark interest rate. The benchmark interest rate for commercial loans is 6.55% (10-year term), and the benchmark interest rate for provident fund loans is 4.5%.

Identification of second and second homes:

To confirm the mortgage interest rate for a second home, or the loan interest rate for a second home loan, you must first confirm how it belongs to the second home. Then we need a standard for confirming the second house. What counts as a second home? First, the borrower’s family is used as the criterion for determining the number of home purchases. If you have used a bank loan to purchase an independent house, and if the per capita housing area is lower than the local average, and then apply for a loan from the bank, the borrower should provide the results of the total family housing area query issued by the local real estate management department based on the housing registration information system. In other cases, it belongs to the second suite. All are charged according to the second house interest rate.

Adjustment of loan interest rates for third and second home loans

In order to allow the central bank to better control credit risks and reduce housing prices, the interest rates are raised. Enjoy a 15% discount on the interest rate for your first home loan. The interest rate for second homes generally rises by 10%, and the down payment ratio is relatively high.

The role of loan interest rate adjustment for fourth and second homes

Can effectively reduce bank credit risks. Can reduce real estate price increases. Reduce the willingness to invest in real estate, thereby easing the high housing prices. Narrow the gap between rich and poor. Promote social stability.

In short, the adjustments to second-home loan interest rates and second-home purchase loan interest rates are adjustments and improvements to the country’s housing market policies, which have a restraining effect on the overheated housing market. This plays a role in the entire macroeconomic adjustment and reform.