yesterday, the Beijing Municipal Housing Fund Management Center issued a notice of the adjustment of housing provident fund deposit and lending rates, which refers to the individual housing provident fund loans of 1-5 years (including 5 years) the interest rate adjustment of 4.20% ,5-30 years ( including 30 years) interest rate adjustment of 4.70%. After adjusting for the first suite of fund 800,000 loan, the repayment period of 20 years of home buyers, for monthly 88 yuan less.
provident fund loans than commercial loans also 482 yuan less per month
in accordance with the new interest rate and announced yesterday, the buyers with the provident fund loan of 800,000, repayment of 20 years, after adjusting the first suite for the month was reduced by approximately $ 88 to reduce the amount of limited. The first suite of loans, for example, commercial loans, 800 000, repayment of 20 years, calculated in accordance with the current implementation of the minimum business loan rate by 8.5 fold, for the month was 5630 yuan, the provident fund loans compared to 482 yuan less.
loans for more than a year to implement the new rates in the new year
Beijing Housing Fund Management Center, the previous loans in June this year, 8 May (excluding) for a period less than a year (including year) of individual housing provident fund loans after June 8, still in the original interest rate, interest-bearing is not segmented; individual housing provident fund loans, period of more than one year after June 8, still in the original interest rate, since January 1, 2013 (inclusive), individual housing provident fund loan term interest rate as adjusted.
In addition, has signed a loan contract, and to loan the date the borrower signed the notice of adjustment of lending rates for June this year, dated 8 May (inclusive) after the individual housing provident fund loans shall be only after the release of personal housing accumulation fund loans .
■ point of view
Provident Fund interest rate advantage
cut interest rates to reduce
Centaline, director of market research, introduction, before the beginning of this year, the first suite of commercial loans is basically concentrated around the benchmark interest rate is 7.05% and 4.9% of the provident fund, the interest rate gap of 2.15%, 80 Million Loan 20 year period, the monthly gap reached more than 900 yuan.The interest rate cut later, if the commercial loans be able to perform 20% discount rate, then, after the first suite of provident fund interest rate of 4.7% and commercial loans 20% off rate of 5.44% compared to only 0.74 percentage point gap between the monthly gap of only 328 yuan. In addition, Beijing and other cities fund the loan ceiling is too low, only 800,000, the first suite of home buyers often need to have a very large down payment before the loan portfolio is relatively more complicated. Therefore, Dawei cut interest rates after the Beijing provident fund interest rate advantage of lower, more buyers may choose to commercial loans to home buyers.
Source: Beijing Zhongyuan market research department of the reporter Xue-Mei Sun
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