At present, some banks in Tianjin have lowered the interest rate of the first home loan from the original benchmark interest rate 10% to 5%. Some bankers said that due to cost accounting considerations, in the first home loan business in this city, the loan interest rate level with the benchmark interest rate rising by 5% will become the mainstream, and there is still room for further reduction in the later period.

Many banks, such as Tianjin Construction Bank, ICBC, Bank of China and Shanghai Pudong Development Bank, have started to implement the interest rate standard of floating 5% on the basis of the benchmark interest rate, and Bank of Shanghai even lowered the interest rate of the first home loan to the benchmark interest rate level.

Bankers also said that what kind of interest rate citizens can get when applying for the first home loan depends on a series of specific factors such as the borrower's credit status, income level, industry, buying real estate and holding bank financial assets.

The loose interest rate of the first home loan is mainly due to the consideration of cost accounting by banks. Personal mortgage loan business is a business with meager profit but relatively small risk in banks.

It is estimated that the benchmark interest rate will rise by 5%, which will become the mainstream interest rate of the first home loan business in Tianjin. If banks continue to loosen up later this year, mortgage interest rates may continue to fall.

Now only the floating ratio of the first home loan interest rate is lowered, and the down payment ratio of the first home loan is still 30%. The interest rate of the second home loan has not been adjusted, and most of them are still rising from the benchmark interest rate of 10% to 15%, and the down payment ratio is 60%.