Sou Hu Cai Jing·2025-09-22 17:08Core Points - The People's Bank of China announced that the Loan Prime Rate (LPR) for one year is set at 3.0% and for five years or more at 3.5%, remaining unchanged for four consecutive months [1] - In Shenzhen, the new policy effective from September 5 states that there will be no distinction between first and second home loan interest rates, both set at 3.05% [3][4] - Several banks in Shenzhen have begun to optimize and adjust the pricing mechanism for commercial personal housing loans following the new policy [5] Group 1 - The LPR remains stable, indicating a consistent monetary policy environment [1] - Shenzhen's new policy simplifies the mortgage landscape by unifying interest rates for first and second homes [3][4] - Banks are actively responding to the new policy by adjusting their loan pricing mechanisms [5] Group 2 - Existing borrowers of second home loans may now apply for interest rate adjustments if their original loan rates exceed the national average by 30 basis points [8] - The adjustment process for existing loans is facilitated through online channels, allowing borrowers to check eligibility and submit applications without fees [6][7] - The criteria for rate reduction are based on the comparison of original loan rates to the current national average, creating a clear threshold for borrowers [8]