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PBOC To Cut Rates for Personal Housing Provident Fund Loans; Rates for 1st Homes w/ Terms of 5+ Yrs Axed to 2.6%
The People’s Bank of China (PBOC) announced that the interest rates of personal housing provident fund loans will be reduced by 0.25 ppts, effective tomorrow (8th). The adjus...
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PBOC To Cut Rates for Personal Housing Provident Fund Loans; Rates for 1st Homes w/ Terms of 5+ Yrs Axed to 2.6%
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The People’s Bank of China (PBOC) announced that the interest rates of personal housing provident fund loans will be reduced by 0.25 ppts, effective tomorrow (8th).

The adjusted rates for first-home loans will be 2.1% for terms up to 5 years (inclusive) and 2.6% for terms over 5 years.

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For second-home loans, rates will be no lower than 2.525% for terms up to 5 years (inclusive) and 3.075% for terms over 5 years.

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