Core Points - The People's Bank of China announced a reduction in personal housing provident fund loan rates by 0.25 percentage points, effective from May 8, 2025, with first-time home loan rates adjusted to 2.1% for loans of 5 years or less and 2.6% for loans over 5 years [1] - The adjustment applies to both new and existing housing provident fund loans, with existing loans' rates set to decrease starting January 1, 2026, which will alleviate borrowers' interest burdens and effectively increase disposable income [2] Group 1 - The new rates for first-time home loans will save residents over 20 billion yuan in interest annually, supporting rigid housing demand and stabilizing the real estate market [1] - For a 1 million yuan, 30-year first-time housing provident fund loan, the monthly payment will decrease from 4,136 yuan to 4,003 yuan, resulting in a reduction of approximately 133 yuan per month and a total interest savings of about 47,600 yuan [2]
明天起，下调个人住房公积金贷款利率！你的贷款利息能省多少？
21世纪经济报道·2025-05-07 04:00