Yes, the down payment ratio will be increased according to the regulations.

Article 3 of the Notice on Strictly Using Loans to Purchase Houses and Apply for the Purchase of Second or Above Houses, jointly issued by the People's Bank of China and the China Banking Regulatory Commission, the down payment ratio of loans shall not be less than 40%, and the loan interest rate shall not be lower than the same level in the same period announced by the People's Bank of China.

Extended data

The Notice mainly adjusts the following policies: First, further tighten the loan conditions for real estate development. The circular stipulates that commercial banks shall not issue loans to real estate development enterprises that have been verified by the competent departments of land, resources and construction as hoarding land and housing.

Second, strictly manage housing consumption loans, the demand for small and medium-sized self-occupied housing loans, and improve the down payment ratio and interest rate level of the second (inclusive) housing loans. At the same time, it is strictly forbidden to issue housing mortgage loans whose loan amount fluctuates with the real estate appraisal value and is not specified for use.

The third is to clearly raise the minimum down payment ratio and interest rate level of commercial housing purchase loans. The fourth is to strengthen the management of real estate credit information. Commercial banks are required to do a good job of pre-lending inquiry and post-lending related information entry, and make full use of credit information. Fifth, all commercial banks (including foreign banks) are required to formulate or improve the operating rules for the management of real estate credit business in accordance with the spirit of the Notice and related policies, and report to the regulatory authorities.