In fact, the state has issued a policy requiring banks to implement it on October 27th, 2008, while banks did not implement it until October 27th, 2009. Loans processed before June 27th, 2008 and enjoying 15% interest rate discount will enjoy 30% discount. For loans after June 27, 2008, as long as it is the first individual ordinary housing loan, you can enjoy a 30% discount. For loans that have been lent and enjoy a 15% discount, an application for converting the 15% discount into a 30% discount should be processed within the specified time.
All major banks are the same, as long as they meet the requirements, they can apply for new policies/new interest rates.
2. There is no 30% discount for provident fund loans.
Whether it is a 15% discount or a 30% discount, it means that for commercial mortgages, provident fund loans cannot enjoy interest rate concessions. The interest rate of the provident fund loan itself is favorable. For example, the benchmark interest rate of the latest commercial loans with a term of more than five years is 5.94%, and the 30% discount rate is 4. 158%. The interest rate of provident fund loans for more than five years is 3.87%.