1. The first home loan with a commercial loan amount of more than 2 million yuan (inclusive) will be given a 15% discount on the benchmark interest rate;

2. The first home loan policy requires a down payment of 30%, and the benchmark interest rate is implemented, that is, the loan interest rate for more than five years is 6.55%;

3. For families who purchase the first set of self-occupied housing with a construction area of less than 90 square meters (including 90 square meters), the down payment ratio of housing provident fund loans shall not be less than 20%;

4. The down payment ratio of housing provident fund loans shall not be less than 30% for families who purchase the first set of self-occupied housing and whose construction area in Xing Tao is over 90 square meters.

The criteria for determining the first suite in Shanghai are as follows:

1. If the loan has already bought a suite and the commercial loan has been paid off, then the loan to buy a house is the first suite;

2. I bought a suite with a loan and then resold it. If the housing registration system can't find the real estate, but the bank credit information system can find the loan record, I will borrow money to buy the first suite;

3. Buy a suite in full, and then borrow money to buy a house.

4. There are commercial loan records of two suites under the personal name. The loan is paid off and sold, and the first suite can be considered if the sales certificate can be produced;

5. If there is a set of commercial loans in the name of the individual, the loan has been paid off, and another set of provident fund loans has been sold, then buying a house is the first suite.

Shanghai provident fund mortgage policy is as follows:

1, down payment ratio: if the area of the first suite does not exceed 90 square meters, the down payment ratio shall be at least 20%; The minimum down payment ratio of the second suite is 60%; Banks that need to borrow three suites may not issue loans according to the house price; In other cases, the minimum down payment is 30%;

2. Loan amount: the maximum amount of personal provident fund loan is 500,000 yuan, and the maximum amount of family provident fund loan is 6,543,800 yuan. If supplementary provident fund is paid, the maximum amount of personal provident fund loan is 600,000, and the maximum amount of family provident fund loan is1.20,000.

To sum up, the first home loan refers to the loan issued by the bank to the borrower to purchase the first self-occupied ordinary house. According to the existing implementation standards for the first suite, the down payment ratio of commercial loans for new houses is 30%, the down payment ratio of provident fund loans for first suites below 90% shall not be less than 20%, and the down payment ratio of housing provident fund loans above 90% shall not be less than 30%. There are many preferential policies for the first home loan in Shanghai, and different loan and repayment methods can be chosen according to different economic conditions.

Legal basis:

Article 6 of the Detailed Rules for the Implementation of the Measures of Shanghai Municipality for the Administration of Housing Provident Funds and Individual Housing Loans

One spouse has applied for a provident fund loan, and the other spouse cannot apply for a provident fund loan before paying off the principal and interest of the loan.

Article 2 of the Notice of China People's Bank and China Banking Regulatory Commission on Further Improving Housing Financial Services.

For families who purchase the first ordinary self-occupied house by loan, the minimum down payment ratio of the loan is 30%, and the lower limit of the loan interest rate is 0.7 times of the benchmark loan interest rate, which is determined by the banking financial institutions independently according to the risk situation. For 1 housing families who have settled the corresponding housing loans, in order to improve their living conditions, they apply for loans to buy ordinary commercial housing again, and banking financial institutions implement the first home loan policy. In cities where the "purchase restriction" measures have been cancelled or not implemented, for families who own two or more houses and have settled the corresponding home purchase loans, banking financial institutions should carefully grasp and specifically determine the down payment ratio and loan interest rate level according to the borrower's solvency, credit status and other factors. Banking financial institutions can issue housing loans to non-local residents who meet the policy conditions according to the local urbanization development plan.

Banking financial institutions should shorten the loan approval period, reasonably determine the loan interest rate, and give priority to meeting the credit needs of households to purchase the first set of ordinary self-occupied housing and improved ordinary self-occupied housing.