明起存量“公积金+商贷”利率下调

Core Viewpoint - The People's Bank of China has announced a reduction in the personal housing provident fund loan interest rate by 0.25 percentage points, effective from January 1, 2026, for outstanding loans issued before May 8, 2025, without requiring borrower applications [1][3]. Group 1: Loan Rate Adjustments - For first-time homebuyers, the interest rate for loans with a term of 1-5 years will decrease from 2.35% to 2.1%, and for loans over 5 years, it will drop from 2.85% to 2.6% [2][3]. - For second-time homebuyers, the interest rate for loans with a term of 1-5 years will decrease from 2.775% to 2.525%, and for loans over 5 years, it will fall from 3.325% to 3.075% [2][3]. Group 2: Commercial Loan Rate Changes - Starting from January 1, 2026, both commercial loan rates and provident fund loan rates will be reduced nationwide [3]. - The five-year Loan Prime Rate (LPR) was lowered to 3.5% on May 20 of this year, impacting commercial loans [3]. Group 3: Repricing Mechanism - For first-time home loan customers with a pricing mechanism of LPR-30BP, the new loan rate will be adjusted to 3.2%, while those with LPR-45BP will see their rates drop to 3.05% [4]. - A new pricing mechanism for commercial personal housing loans will be implemented starting November 1, 2024, allowing borrowers to adjust the repricing cycle to 3 months, 6 months, or 1 year [4].