Today, the real estate market ushered in a major positive, announcing three positives in succession.
1. Abolish the lower limit of the interest rate policy for commercial personal housing loans for the first and second houses at the national level;
2. The interest rate of the first set of personal housing provident fund loans for less than 5 years (including 5 years) and more than 5 years will be adjusted to 2.35% and 2.85% respectively;
3. The minimum down payment ratio for the first house is adjusted to not less than 15%, and the second set is not less than 25%.
Among them, the interest rate of provident fund loans is relatively high.
After the policy was released, the Chengdu Provident Fund Center clarified Chengdu's provident fund interest rate adjustment policy!
First of all, if you buy a house after the New Deal, then directly implement the latest loan interest rate, that is, 2.85% for the first set of more than 5 years and 3.325% for the second set; If you have applied for a CPF loan before the new policy, but it has not yet been approved, the latest interest rate will be automatically applied, and no action is required.
And if you have already bought a house before, and the previous loan interest rate is implemented. In January 2025, the interest rate of the CPF component will be automatically adjusted to the latest (i.e. 2.85% for the first set and 3.325% for the second set).
We can calculate an account, if the provident fund loan is 800,000 yuan, according to the previous interest rate of 3.1%, the monthly repayment is 3,416 yuan, and the total interest is 429,800 yuan.
If calculated according to the latest interest rate of 2.85% for the first house, the loan of 800,000 yuan will have a monthly payment of 3,308 yuan and an interest of 391,000 yuan.
It is equivalent to a monthly payment of 108 yuan less after the new policy, and the total interest is 38,800 yuan less.
The gap between the two is very small, so if it is a previous provident fund loan, don't worry, you can implement the latest interest rate in January 2025, and you will repay 108 * 12 = 1296 yuan more in a year, and now there are only more than 7 months to go until January 2025, and you can eat a few less hot pots!