Group 1 - The People's Bank of China (PBOC) has decided to lower the personal housing provident fund loan interest rate by 0.25 percentage points, with the five-year and above first home loan rate decreasing from 2.85% to 2.6% effective May 8, 2025 [1][2] - The adjustment applies to both new and existing housing provident fund loans, with new loans immediately reflecting the new rates, while existing loans will see a rate reduction starting January 1, 2026 [1] - For a loan amount of 1 million yuan with a 30-year term, the monthly payment will decrease from 4,136 yuan to 4,003 yuan, resulting in a total interest savings of approximately 47,600 yuan [1] Group 2 - The reduction in housing provident fund loan rates is seen as a significant measure by the PBOC to stimulate consumer spending and enhance housing consumption [2] - Experts believe that lowering the housing provident fund rates will effectively reduce the threshold for home purchases, thereby stimulating housing demand and supporting the sustainable development of the real estate market [2]
公积金贷款利率5月8日起下调 100万元房贷能少还多少钱？
Yang Shi Xin Wen·2025-05-07 07:25