On October 25, the six major banks adjusted the interest rates of existing housing loans in batches

On October 12, the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, the China Construction Bank, the Bank of Communications, and the Postal Savings Bank of China announced that they would adjust the interest rates of the stock of housing loans in batches on October 25.

According to the announcement, the adjustment will be for commercial personal housing loans, and the interest rate of the existing housing loans (including the first, second and above) will be adjusted in batches. Among them, the interest rate in Beijing, Shanghai, Shenzhen and other regions is higher than the LPR (loan prime rate) minus 30 basis points for the first home loan and the interest rate in other regions is higher than the LPR minus 30 basis points for all existing housing loans will be adjusted to the LPR minus 30 basis points.

In Beijing, Shanghai, Shenzhen and other regions where there is a lower limit on the interest rate of newly issued commercial personal housing loans, the interest rate of two or more housing loans higher than the lower limit of the corresponding policy will be uniformly adjusted to the lower limit of the corresponding local policy. At the same time, loans that can be included in batch adjustment must be priced at a floating rate, and loans with fixed interest rates and benchmark interest rates must be converted to a floating interest rate before adjustment.

In addition, customers with two or more existing housing loans in Beijing, Shanghai, Shenzhen and other regions who currently meet the criteria for the first home can apply to the bank to adjust the loan to the first home loan.

According to the announcements of major banks, for floating rate loans that can be included in this batch adjustment,

Industrial and Commercial Bank of China

Scope of adjustment: For personal housing loans that meet the following conditions at the same time, the interest rate adjustment of the stock housing loan will be implemented: 1. Commercial personal housing loans that have been issued for the purpose of purchasing residential buildings, including ordinary pure commercial personal housing loans and commercial personal housing loans in provident fund portfolio loans. 2. The stock of personal housing loans (including the first, second and above) with an interest rate higher than -30BP on the basis of LPR. 3. It must be a floating interest rate pricing method, and loans with fixed interest rates and benchmark interest rates must be converted to floating interest rates before being adjusted.

Application and adjustment time: 1. For eligible stock personal housing loans, the contract loan interest rate will be adjusted in batches on October 25, and the new interest rate level will be implemented from the same day after batch adjustment, and the interest before the adjustment will be calculated according to the original contract interest rate level. 2. For the current implementation of fixed interest rate or benchmark interest rate pricing and "two sets to the first set" business, customers can apply through mobile banking or loan service banks from the date of announcement to October 24 (inclusive), and after the review is passed, the loan interest rate will be adjusted in batches on October 25, and the new interest rate level will be implemented from that day, and the interest before adjustment will be calculated according to the original contract interest rate level. 3. Starting from October 25 (inclusive), customers can continue to initiate the application for pricing method conversion and "second set to first set" through mobile banking or loan service bank, and our bank will adjust the interest rate of the eligible loans on the day of successful conversion, and the interest before adjustment will be calculated according to the original contract interest rate.

Abc

Scope of adjustment: the first, second and above existing housing loans that have been issued.

Adjustment effective time and service channels: (1) For the convenience of customers, the existing housing loans that meet the interest rate adjustment policy will be adjusted in batches from October 25.

Bank of China

Scope of adjustment: The existing commercial personal housing loans that have been issued.

Adjustment rules: 1. For loan prime rate (LPR) loans, if there is no lower limit of the new mortgage interest rate increase policy or the lower limit of the increase policy is not higher than -30BP, if the LPR increase is higher than -30BP, the LPR increase will be adjusted to -30BP

2. The benchmark interest rate loan of the People's Bank of China shall first apply for conversion into LPR floating rate loan, and the interest rate shall be formed based on the latest month's loan prime rate (LPR) as the pricing benchmark, and the increase will be equal to the difference between the original contract interest rate level and the loan market prime rate (LPR) of the latest month, and then adjusted according to the above rules.

3. The fixed-rate loan shall be converted into an LPR floating rate loan first, and the interest rate shall be formed by using the loan prime rate (LPR) of the latest month as the pricing benchmark plus points, and the increase rate shall be equal to the difference between the original contract interest rate level and the loan market prime rate (LPR) of the latest month, and then adjusted according to the above rules.

China Construction Bank

Scope of adjustment: Commercial personal housing loans that have been issued before October 25 (exclusive) and have signed contracts but have not been issued (including the first, second and above personal housing loans, and the commercial personal housing loans in the provident fund portfolio loan) can be included in this batch adjustment if they meet the following conditions.

1. The loan interest rate adopts the loan market prime rate (hereinafter referred to as "LPR") as the pricing benchmark for the floating interest rate method of adding points (the increase can be negative), and the agreed interest rate level is higher than -30BP on the basis of LPR, which can be included in this batch adjustment.

2. Loans whose interest rates are fixed at benchmark interest rates or fixed interest rates, and whose execution interest rate is higher than the LPR-30BP announced in the latest month, must apply to our bank before October 23 (inclusive) to convert into floating rate loans with LPR as the pricing benchmark (hereinafter referred to as "fixed to floating"), which can be included in this batch adjustment. The following loans are not included in this batch adjustment: personal commercial housing (including commercial and residential housing) loans, provident fund personal housing loans; Loans with interest rates not higher than -30BP on the basis of LPR; Loans and fixed-rate loans that are still priced at the benchmark rate on October 25.

Not included in this batch adjustment of loans: personal commercial housing (including commercial and residential housing) loans, provident fund personal housing loans; Loans with interest rates not higher than -30BP on the basis of LPR; Loans and fixed-rate loans that are still priced at the benchmark rate on October 25.

Bank of Communications

Scope of adjustment: 1. All commercial personal housing loans that have been issued, including the first, second and above existing housing loans. 2. Commercial personal housing loans for the purpose of purchasing housing, including commercial personal housing loans, commercial personal housing loans in provident fund portfolio loans, excluding housing provident fund loans, housing provident fund loans in portfolio loans, commercial housing loans for the purchase of shops or commercial and residential houses.

Interest rate adjustment rules: 1. The markup range of the stock floating rate mortgage based on the loan prime rate (LPR) is adjusted to -30BP. If the lower limit (if any) of the interest rate increase for newly issued commercial personal housing loans currently implemented in the city is higher than -30BP, the increase will be adjusted to the lower limit of the interest rate increase in the city. This adjustment only changes the LPR markup range of the loan interest rate under the original contract, and other loan elements agreed in the original contract will not be adjusted in principle.

2. If the current interest rate of the existing housing loan is not higher than the above-mentioned target value, no adjustment will be made.

3. The existing housing loans priced at the benchmark interest rate or using the fixed interest rate method can be converted into the form of LPR plus points, and then adjusted according to the above rules.

4. After the change of interest rate adjustment takes effect, the adjusted interest rate will be implemented from the date when the change takes effect.

Postal Savings Bank of China

Adjustment Range:

The scope of adjustment does not include: the part of provident fund loans in commercial real estate (including commercial and residential housing), provident fund loans and portfolio loans.

Adjustment:

1. For the stock floating rate mortgage with LPR as the pricing benchmark, our bank takes the initiative to adjust the markup value.

2. For fixed-rate existing housing loans and floating rate loans priced based on the benchmark interest rate, the adjustment shall be made after confirmation by the customer.

3. For other special circumstances such as "non-first set to first set", the customer shall negotiate with the loan handling bank.