上海：下调个人住房公积金贷款利率

Core Viewpoint - The People's Bank of China has decided to lower the interest rates for personal housing provident fund loans, effective from May 8, 2025, which is expected to impact the housing market positively [1] Summary by Relevant Sections - Interest Rate Changes - The interest rate for first-time personal housing provident fund loans will be reduced to 2.1% for loans of 5 years or less and to 2.6% for loans exceeding 5 years [1] - For second-time personal housing provident fund loans, the rates will be lowered to 2.525% for loans of 5 years or less and to 3.075% for loans exceeding 5 years [1] - Implementation Timeline - The new rates will apply to personal housing provident fund loans issued on or after May 8, 2025 [1] - Existing loans that have not matured before May 8, 2025, will transition to the new rates starting January 1, 2026 [1]