Shen Zhen Shang Bao·2025-09-12 12:50Core Viewpoint - The recent policy changes in Shenzhen's housing market have led to major banks adjusting their commercial housing loan interest rate pricing mechanisms, eliminating the distinction between first and second homes, which is expected to benefit a larger number of existing mortgage borrowers [1][2]. Group 1: Policy Changes - Several major banks, including Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, and others, have announced that they will no longer differentiate between first and second home loans in their interest rate pricing [1][2]. - The specific interest rate for each customer's commercial housing loan will now be determined based on the Shenzhen market interest rate pricing self-discipline mechanism, along with the bank's operational status and customer risk profile [1][2]. Group 2: Impact on Existing Loans - The new policy allows existing mortgage customers to apply for adjustments to their loan rates, particularly benefiting those with second home loans, effective immediately [1][2]. - Agricultural Bank of China's Shenzhen branch has indicated that if the existing loan rate exceeds the average new loan rate by more than 30 basis points, borrowers can apply for a rate adjustment [2]. - The adjustment process for existing loans is streamlined, allowing borrowers to apply through online banking channels, with successful applications taking effect the same day [2][3].