In 65438+February, housing accumulation fund centers in many cities across the country, including Qinhuangdao City and yongcheng city, Jiangxi Province, etc. Was released to the outside world. From 2023 1 October1day, the interest rate of individual housing provident fund loans will be adjusted:
The first set of individual housing provident fund loans issued before June 65438+ 10/in 2022 will be subject to the adjusted housing provident fund loan interest rate standard from June 65438+1 0/(inclusive). The interest rate of the first individual housing provident fund loan will be lowered to 2.6% for less than 5 years (including 5 years) and to 3.1%for more than 5 years; The interest rate of the second set of personal housing provident fund loans is 3.025% for less than 5 years (including 5 years) and 3.575% for more than 5 years.
According to Time Finance's inquiry, before the adjustment, the interest rate of the first suite for less than 5 years (including 5 years) was 2.75%, and the interest rate for more than 5 years was 3.25%; After adjustment, it was 2.6% and 3. 1% respectively, both decreased by 15 basis points. The interest rate of the second set of housing provident fund loans has not changed.
According to incomplete statistics, Hangzhou, Taiyuan, Dongguan, Zhengzhou, Nanning, Shijiazhuang, Wuxi, Luzhou, Xiangyang, Yichang and other provinces, as well as Beijing, Anhui, Jilin and other provinces, all announced relevant news on June 5438+00, prompting the implementation of the existing housing provident fund loan interest rate on June 1 next year.
The loan interest rate of housing provident fund will be lowered by 0. 15 percentage point, and the policy issued by the central bank on September 30, 2022 will be implemented.
65438+February 2 1, Bobby Chen, Executive Dean of China Real Estate Data Research Institute, told Time Finance that this move is an incentive measure for the consumer side, from incremental interest rate adjustment to stock interest rate adjustment.
"This is the lowest interest rate level in history, which reflects the conduction effect of encouraging consumption, including stock consumption, and even selling old houses for new houses."
It is worth mentioning that since September this year, the "business to public" (commercial loans to provident fund loans) that have been closed for many years have been restarted in some cities in China, such as Ji' an, Zigong and Qingdao. , and received a positive response from the lender. For example, one third of the loans in Ji 'an are from 10 to 15.
Bai Wenxi, vice chairman of China Enterprise Capital Alliance and chief economist of IPG China, pointed out to Time Finance 12 on February 22nd that the demand in this area is still quite large, but it was limited by the conditions and amount of provident fund loans before, which could not fully meet the demand. The high proportion of "business to public" in some cities is related to the fact that these cities have greatly increased the amount of provident fund loans and greatly reduced the conditions and interest rates of provident fund loans.
The proportion of "business to public" has increased significantly.
On September 30, 2022, the People's Bank of China decided to adjust the interest rate of individual housing provident fund loans from June 65438+1 October1,and lowered the interest rate of the first set of individual housing provident fund loans by 0. 15 percentage points. At that time, the central bank stipulated that the housing provident fund loans issued before June 65438+1 October 2022 should be adjusted to the latest interest rate standard from June 65438+1 October 2023.
Bobby Chen said that this can help consumers to ease the pressure of consumption expenditure and meet the demand of encouraging rigid house purchase, because the demand for provident fund is definitely rigid and improving.
After calculation, take the housing loan of 600,000 yuan with a maturity of 20 years and equal repayment of principal and interest as an example: the first housing loan, the annual interest rate of commercial housing loan is 4. 1%, and the interest rate of housing provident fund loan in the same period is 3. 1%, and the spread is 1 percentage point. The interest of 20-year commercial housing loan is 74,369.82 yuan more than that of housing provident fund loan.
Because provident fund loans have obvious advantages over commercial loans, this policy has received positive response in some cities.
According to Jinggangshan Daily, statistics show that after the release of the New Deal, Ji 'an Housing Provident Fund Center added 1079 loans in June 2022, up 2 17% year-on-year. 65438+ 10/to 1 65438+10/5, Ji 'an Housing Provident Fund Center * * issued loans 1543, 678/kloc-0.
The above-mentioned "business-to-public" refers to the transfer of commercial housing loans to individual housing provident fund loans, and refers to the commercial housing loans that employees who have paid housing provident fund have handled but have not yet settled, and are transferred to individual housing provident fund loans with the consent of the original commercial loan bank.
Since September this year, the "business to public" that has been closed for many years has been restarted in some domestic cities such as Ji' an, Zigong and Qingdao. Due to the huge demand for "business to public", and the required funds may exceed the balance of local housing provident fund funds, the conditions for "business to public" are different in different cities.
Taking Qingdao as an example, after investigation, the relevant departments in Qingdao found that developers refused to use housing provident fund loans or refused loans in disguise, and after 20 17, there were cases in which workers and staff members assumed a higher interest burden. Therefore, in June 5438+early February this year, Qingdao promulgated the Interim Measures for the Management of Commercial Housing Loans to Personal Housing Provident Fund Loans, that is, the beneficiaries of the policy of "commercial to public", and it is necessary to trace their historical deposits. The original commercial loans ranged from 20 17 1 (inclusive) to 202 1 65438.
Bobby Chen said that the overall situation of "business to public" in China still depends on the planning of local provident funds, and the demand is definitely strong, but it still depends on whether there is enough capacity and sufficient funds to realize "business to public".
The lowest housing provident fund interest rate in history.
According to June this year, the Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the People's Bank of China jointly issued the annual report of 20021National Housing Provident Fund. In 20021year, the national housing accumulation fund deposit was 29156.87 million yuan, and the individual housing loan was1396.422 million yuan. By the end of 2026, 42,347110,000 individual housing loans and1253,028110,000 yuan had been granted, up by 7.9 1% and 12.54% respectively.
The report also mentioned that the personal housing loan interest rate of housing provident fund is lower than the loan market quotation (LPR) in the same period 1.05- 1.4 percentage points. Personal housing loans issued by housing provident fund in 2026,5438+0 can save about 307.54 billion yuan for the loan workers during the repayment period, and the average interest expense can be saved for each loan.
It is reported that the central bank last adjusted the interest rate of the provident fund in 20 15 years. 2065438+On August 26th, 2005, the central bank lowered the loan interest rate from 3% to 2.75% for less than five years, and from 3.5% to 3.25% for more than five years.
"At present, the interest rate for loans over five years is 3. 1%? It is indeed the lowest interest rate level of provident fund loans in history. " Bai Wenxi pointed out to Time Finance. Take Miss Chen as an example. 2065438+February 2006, 65438+2006, she borrowed 850,000 yuan from the provident fund, with equal principal and interest, and the monthly repayment amount was 482 1. 16 yuan. By February this year, the principal of 64697 1.75 yuan had not been paid. After the implementation of the New Deal, the principal and interest are still equal. In June next year, the repayment will be 4774.09 yuan, 45438+ 10, which is about 456 yuan less than that in 38 yuan in the past.
In Bai Wenxi's view, this is actually related to the countercyclical adjustment of LPR commercial loans entering the downward channel for a long time.
12 On February 20th, the People's Bank of China authorized the National Interbank Funding Center to announce the latest loan market quotation (LPR) as follows: 1 year LPR is 3.65%, and the LPR over five years is 4.3%. So far, from the situation of the whole year, after the first three downward adjustments, the LPR of 1 year and over 5 years decreased by 15 basis points and 35 basis points respectively.
On February 20th, 65438, RealData released the Briefing on Mortgage Interest Rate of Baicheng Bank, which showed that the first set of average interest rates was 4.09% and the second set was 4.9 1%, which was basically the same as last month. Among them, as of 65438+February 18 and 19, the mainstream interest rate of the first home loan in cities has dropped below 4.0%.
It is worth mentioning that, in addition to the reduction of the interest rate of provident fund loans, the LPR5 for more than five years has been reduced by 35 basis points this year, and the interest rate of buyers of existing commercial loans will also be adjusted in the new year. The specific adjustment range and cycle are subject to the details of the loan contract.
Take Mr. Zhang in Guangzhou as an example. Last year, he bought a house with a commercial loan of 6.5438+0.96 million. Since he borrowed money at 654.38+0, he began to repay the loan in February. The loan contract he presented to Time Finance showed that the interest rate was the current LPR plus 40 basis points, and the price was readjusted every February.