第一财经·2025-09-12 16:18Core Viewpoint - The recent policy changes in Shenzhen's housing market, effective from September 12, 2025, eliminate the distinction between first and second home mortgage rates, potentially lowering the new second home loan rates by 40 basis points [4][6]. Group 1: Policy Changes - Shenzhen's new housing policy allows banks to no longer differentiate between first and second home loans, impacting the pricing mechanism for commercial personal housing loans [5][6]. - Twelve banks, including major institutions like Industrial Bank and Agricultural Bank of China, have announced adjustments in line with the new policy [3][5]. Group 2: Interest Rate Adjustments - The new second home loan interest rate is expected to decrease by 40 basis points, resulting in significant savings for borrowers. For a loan of 1 million yuan over 30 years, total repayment costs could decrease by nearly 80,000 yuan, with monthly payments reduced by approximately 220 yuan [6][7]. - The previous interest rates for first and second homes were LPR-45BP and LPR-5BP, respectively, indicating a limited difference in rates prior to the policy change [6][7]. Group 3: Impact on Existing Loans - Existing second home loans may also see adjustments due to the new policy, as banks can now modify the interest rates based on the latest market conditions [9][10]. - Borrowers with existing loans that exceed the average new loan interest rate by 30 basis points can apply for adjustments, potentially lowering their rates significantly [9][10]. Group 4: Application Process - Different banks have varying processes for borrowers to apply for interest rate adjustments, with some offering online applications through mobile banking platforms [11].