3.8%

According to the "Notice on Establishing a Long-term Mechanism for Dynamic Adjustment of Interest Rate Policies for New Individual Housing Loans for First Homes" issued by the People's Bank of China and the China Banking and Insurance Regulatory Commission (Yinfa [2022] 294), it was decided that starting from February 27, the lower limit of the interest rate policy for newly issued first-home housing loans in Huai'an City will be gradually lowered. That is, based on the latest loan market quotation rate, the lower limit of the interest rate for newly issued first-home housing loans will be reduced to 3.8%. .