The quoted interest rate of the loan market under the new mechanism (hereinafter referred to as the new LPR) was announced, with a one-year period of 4.20% and a five-year period of 4.85%. Implement the positioning of "the house is for living, not for speculation" and the long-term management mechanism of the real estate market.

The central bank has set a lower limit for the mortgage interest rate mechanism, that is, the interest rate of the first set of commercial personal housing loans shall not be lower than the quoted interest rate of the corresponding term loan market, and the interest rate of the second set of commercial personal housing loans shall not be lower than the quoted interest rate of the corresponding term loan market plus 60 basis points.

Bank loan time varies:

In terms of lending time, different banks have different lending cycles. The principle of lending time of Agricultural Bank is the first half of the year, usually two or three months, depending on the loan scale. Guangfa Bank has complete information and can lend money in 2 to 3 weeks. Other banks also expressed uncertainty about the specific amount. In case of tight quota, the loan time may be delayed.

In an interview with Leju in Guiyang, the general manager of a real estate agency in Guiyang said that at present, all commercial banks in Guiyang can basically make second-hand housing loans, but the loan amount of banks has been relatively tight, and the corresponding approval process is very strict.