A number of banks in Ji'nan cancelled lending rates and implemented benchmark interest rates.
http://www.sd.xinhuanet.com/sd/jn/2017-05/19/c_1121002324.htm
Xinhua News Network reporter Tang Fuchen
since the upgrading of the limited purchase policy, the property market has cooled down significantly, and the behavior of investment buying has been significantly curbed. In this context, home buyers in the market are now basically just a family, they need to buy a house to borrow, and compared with the previous, the major banks basically abolished the interest rate policy.
Mr. Liu's account is not in Ji'nan. In April this year, he saw a set of second-hand houses in the Hongjia building section. This is the first set of houses he bought in Ji'nan. It just caught up with the Ji'nan "420" limited purchase and upgrade, and the first payment needed 60%. After the first payment, the rest of the money, Liu Xian chose commercial loans. After consulting a number of banks, Mr. Liu found that the major banks in Ji'nan basically cancelled the previous interest rate preferential policies, mostly implementing the benchmark interest rate of 4.9%, and Mr. Liu's monthly supply pressure was a lot larger. "We just need it. There is no way to get high interest rates. We must get loans. Count down, my daughter-in-law and my daughter-in-law seven thousand or eight thousand yuan a month, basically top two of our wages, usually if there are other expenses, but also only rely on the family of the elderly subsidized.
some experts believe that after the purchase, the banks generally tighten the preferential policies for the housing loan, which is mainly to standardize the market behavior and avoid the influx of bad funds to make the housing loan market healthy and rational development. At present, raising mortgage interest rates and raising the cost of capital purchase has become the next trend of regulation in major cities.