Recently, the Housing and Construction Department of Shandong Province jointly issued the Opinions on Promoting the Stable and Healthy Development of the Real Estate Market in Shandong Province (hereinafter referred to as the Opinions). According to the Opinions, the lower limit of housing loan interest rate in Shandong Province is 0.7 times of the benchmark loan interest rate. For families with 1 apartment who have settled the corresponding housing loans, banking financial institutions will implement the first home loan policy.
The first home loan is still the first after paying off the loan.
According to the "Opinions", the minimum down payment ratio of commercial personal housing loans in Shandong Province for families applying for the first set of ordinary self-occupied housing is 30%, and the lower limit of loan interest rate is 0.7 times of the benchmark loan interest rate. In fact, as early as September 30 last year, the central bank issued the same notice, proposing that the lower limit of the loan interest rate should be 0.7 times of the benchmark loan interest rate for families who purchase the first set of ordinary self-occupied houses by loans, which should be determined independently by banking financial institutions according to the risk situation. The Opinions on Promoting the Stable and Healthy Development of the Real Estate Market in our province also responded to the policy of the central bank last year.
At the same time, in order to improve the living conditions of residents, the Opinions also proposed that for families who own/kloc-0 apartments and have settled the corresponding housing loans, banking financial institutions should implement the first set of housing loan policies in order to improve their living conditions, which also changed the previous provision of "recognizing houses but not repaying loans" for the first set of housing.
In addition, for households with 65,438+houses and outstanding housing loans, in order to improve their living conditions, the Opinions require that the minimum down payment ratio should be no less than 40%, and the specific down payment ratio and interest rate level should be reasonably determined by banking financial institutions on the basis of the national unified credit policy and the self-discipline mechanism of interest rate pricing in Shandong Province, according to the borrower's credit status and repayment ability.
The commercial loan interest rate is close to 30% of the public loan interest rate.
"30% interest rate" is something that many property buyers are eagerly looking forward to, but from the current point of view, it seems a bit difficult to see it again. According to industry insiders, according to the latest interest rate policy adjusted by the central bank, the benchmark interest rate for loans with a term of more than five years is 5.4%. If you make a 30% discount on this benchmark, the loan interest rate will be only 3.78%, which is basically close to the provident fund loan interest rate. At present, the income of wealth management products of most banks is still between 5% and 6%, which is 1.22 to 2.22 percentage points higher than the 3.78% after 30% discount on loans, while the benchmark interest rate of bank deposits over five years is 3.35%. However, in order to attract deposits, many banks have raised deposit interest rates. If the policy of 30% discount on loans is really implemented, then banks will have little profit.
To sum up, housing loans in Shandong Province will present the following characteristics:
1 The minimum down payment ratio of the first home loan is 30%, and the lower limit of the loan interest rate is 0.7 times of the benchmark interest rate.
2 If you own 1 apartment and the mortgage has been settled, you can borrow money to buy a house, and the first housing loan policy will be implemented.
3 If you own 1 apartment and the mortgage is not settled, the minimum down payment ratio for refinancing to buy a house shall not be less than 40%.
Industry: It is difficult to return to the 30% discount on mortgage.
A related person from a bank in the provincial capital said that at present, most interest rates of commercial banks are 15% off, and the four major state-owned banks are 10% off. There is basically no loan interest rate below 10% in Jinan. "Now the bank's five-year deposit interest rate can basically be above 4%. If it can really get a 30% discount, then the bank will suffer losses. " This also means that although the mortgage interest rate has indeed entered the downward channel, it is difficult to achieve a 30% discount on the mortgage interest rate.
However, from another perspective, the "Guiding Opinions on Improving the Provident Fund Management System and Expanding Housing Consumption" recently issued by Shandong Province requires that cities with housing provident fund loan rates below 85% should actively carry out business-to-public business, and allow paid employees to convert the commercial housing loans they have handled into housing provident fund loans. In cities where the proportion of housing provident fund loans is higher than 85%, the loan application of employees who meet the conditions of housing provident fund loans can be approved by the housing provident fund management center, and commercial banks can issue individual housing loans on a pilot basis. The housing provident fund management center will give interest spread subsidies, and the subsidy funds will be included in the housing provident fund business expenses. To some extent, this is more in line with the possibility of realizing the policy of "30% discount" on the interest rate of the first home commercial loan.