Secured business loan 85 percent interest to buy first home
the same day, financial institutions loan guarantees adjustment to the minimum level of interest rate floating range for benchmark interest rates of 0.7 times. Adjusted current account interest rate of 0.35, and one-year deposit interest rate is 3.0.
this morning, Beijing issued a circular housing Provident Fund management centres: individual housing Provident Fund deposit that year deposit rate from 0.4% to 0.35%; personal housing accumulation Fund loans secured loans rate 0.2%, of which 1-5 year loan interest rate from fell to 4%, more than the 5-year loan interest rate from 4.7% to 4.5%; Provident Fund supported affordable housing pilot project lending rate has also been reduced from 5.17% to 4.95%.
Beijing Evening News reported that the Provident Fund loans to Beijing capped at 800,000 yuan to buy first home, loans, 20 years on, after the rate cut, the monthly repayment amount will be reduced by 87 Yuan at 5061. But if on a commercial loan guarantee 85 percent interest to buy first homes, the same loan amount, monthly payments for 5535, two months for gap of only 474, provident fund interest rate advantage is reduced.