Beijing'S First Mortgage Interest Rate Entered The Downstream Channel &Nbsp; The Lowest 15% Off.

To guarantee the supply of the first suite loan and encourage the interest rate reduction, the differential housing credit policy has been repeatedly emphasized by the relevant departments recently.

With this, the relaxation of the first suite policy has gradually spread across the country.

Four major banks lowered their first mortgage interest rate

In February this year, the four major banks of industry, agriculture, China and construction held a symposium. They jointly agreed to control the first mortgage interest rate under the benchmark interest rate.

The first suite loan market has changed.

In 2011, most banks raised their first mortgage interest rate to 1.1 or 1.05 times the benchmark interest rate.

Two weeks ago, CCB took the lead in the first set.

Some foreign banks also responded quickly, such as Standard Chartered and Citigroup to reduce the first mortgage interest rate to ten percent off.

In addition, the first suites of the Beijing market interest rate than the benchmark floating 5%-10% and CITIC, Beijing bank [10.12 0.40% shares of the bar research newspaper] and so on.

There are still many shareholding systems.

However, with the high level emphasis on differential housing loan policy, the whole industry has lowered the first suite interest rate has become a trend.

Everbright Bank [2.97 0.34% shares bar Research Report] a branch of Beijing branch said that the bank is considering lowering the first suite interest rate, "has reported to the head office, has not yet been approved."

Similar to the Beijing market, ABC, CCB and BOC in the four major industries also launched the first mortgage interest rate of 10 percent off in Shanghai.

But the first suite of the down payment ratio has not been adjusted, the 30% pay bottom line is not relaxed, in the actual payment process is generally higher than 30%.

"The first suite can borrow up to 7 of the house price, of which the Yishoufang is calculated according to the paction price. The second-hand housing is calculated according to the valuation price, and the assessment price is lower than the paction price generally 10%, so the first payment is equivalent to about 3.5-4 of the house price."

A state-owned bank Beijing branch loan business person in charge.

The lowest 15% off Beijing's first mortgage interest rate entered the downstream channel.

First set

On March 12th, Liu Shiyu, deputy governor of the central bank, said that the differential housing credit policy should be fully implemented.

"Banks must guarantee their loans for the first set of self occupied ordinary commercial housing for individual residents". On the pricing issue, financial institutions should be encouraged to weigh the price between the central bank's benchmark interest rate and the lower limit of the preferential interest rate of the first set of ordinary residential loans according to the financial condition of the borrower.

Huaxia Bank [11.02 0.64% shares research report] a personal loan department analysis, recently, the relaxation of the first suite policy of the banks has two main reasons. First, with the reduction of the reserve ratio in February 24th, the 400 billion liquidity has been released. The banks have begun to consider some low returns, but are conducive to adjusting the loan structure and increasing the loan business of the customers, such as mortgage loans; on the other hand, the credit demand of the real economy is decreasing, especially this year's economic growth rate has been lowered. The loan demand in the future may be more affected, and the banks can make up for some insufficient demand from the mortgage loan.

Under the continuous housing market regulation policy, the mortgage business of commercial banks has shrunk compared with the past.

The loan department of the state-owned banks said that the volume of mortgage business last year was only around 30% in 2010, with the shrinking volume and the adjustment of the bank's mortgage policy.

And in February this year, the volume of housing market volume was warmer, and commercial banks also saw some opportunities.

"We expect that if housing prices drop further to the level of customer satisfaction, the volume of pactions will soon rise and demand for mortgage business will also rise."

The above figures are expected.

"Last year, we mainly focused on personal consumption loans and personal loans, and the proportion of mortgage business in loans was very small. Over 20%, it is estimated that the proportion of mortgage business will increase this year. Our goal is to achieve more than 30%."

The above state-owned bank Beijing loan department personage said.