Ji'nan lowered the interest rate of provident fund loans: more than five years to 3.75%
source: Shun Net - Ji'nan daily
reporter from Shandong Ji'nan housing provident fund management center, the Ji'nan housing provident fund deposit and loan interest rate has been reduced by 0.25 percentage points again, from the previous downgrade for only two months, This is also the third downgrade in nearly half a year.
Ji'nan housing provident fund management center responsible person said that since May 11, 2015, the implementation of the new personal housing provident fund deposit and loan interest rates. The interest rate of personal housing provident fund transferred from the previous year to 1.85%, down by 0.25 percentage points, was 2.1%. The individual housing provident fund deposit rate remained unchanged at 0.35%. Under the five year period (including five years), the interest rate of housing provident fund loan is down from 3.5% to 3.25%, down 0.25 percentage points; the rate of housing provident fund loan rate above five years is down from 4% to 3.75%, and it is down 0.25 percentage points.
it is worth noting that, in March 1, 2015, with the reduction of financial institutions' RMB loans and deposit benchmark interest rates, the housing provident fund loan interest rate was also lowered by 0.25 percentage points. Earlier than November 22, 2014, with the interest rate adjustment of the central bank, the interest rate of housing provident fund has also been lowered.
with the first suite of 1 million yuan, the duration of 30 years, the same amount of interest repayment as an example, the interest rate adjustment, the monthly supply will be reduced from 4774 yuan to 4631 yuan, reduced by 143 yuan. If we reduce the total interest rate two times this year, we will reduce the monthly repayment amount by around 288 yuan. If we reduce the interest rate by three times, we will save more than 400 yuan a month.