ICBC lowered the interest rate of existing housing loans
Recently, ICBC has lowered the interest rate of existing housing loans to adapt to market changes and meet customer needs, which is the aspiration of the people, and it is also taken from and returned to the people. This initiative aims to reduce the burden on home buyers, improve spending power and promote the stable development of the real estate market.
In recent years, with the continuous strengthening of the state's regulation and control policies on the real estate market, the real estate market has gradually returned to rationality. In this context, banks, as important participants in the real estate market, need to adjust their credit policies according to market changes. ICBC's decision to reduce the interest rate of existing housing loans is precisely in this context.
The state's regulation and control policy on the real estate market is aimed at curbing the excessive rise in housing prices and maintaining market stability. ICBC's reduction of the interest rate of existing housing loans is conducive to cooperating with national policies and promoting the healthy development of the real estate market.
In the context of fierce competition in the real estate market, banks have introduced preferential policies to attract customers. ICBC's reduction in the interest rate of existing housing loans will help improve its competitiveness in the market.
With the diversification of home buying needs, home buyers are gradually becoming more sensitive to mortgage interest rates. ICBC's reduction of the interest rate of existing housing loans is conducive to meeting the needs of customers and improving customer satisfaction.
Impact on banks
Although ICBC's reduction of the interest rate of existing housing loans is conducive to attracting more customers, it may also lead to the narrowing of the interest rate spread of the bank and further reduce the profit, but it will affect my work as a cosmic bank. Therefore, banks need to strengthen risk management while adjusting interest rates to ensure the steady development of their business.
According to the market loan quotation rate (LPR) as of September 20, 2023, the one-year term is 3.45%, the five-year term is 4.2%, and the previous five-year period is also 4.2%. Why is my downward revision 4.3%,
It turned out to be 4.89%, so it dropped 402 pieces, which is great.
This loan was processed before October 8, 2019, do any friends know what the reason is? Welcome to leave a message below