The 30 Percent Off Preferential Rate Of Mortgage Loans Is Abolished Today.

Reporters learned that at present, a number of bank head office has issued a notice to the branches, requiring that it be comprehensive in November 1st.

Related experts said that the implementation of the 30 percent off preferential interest rate was a temporary measure taken by the government to stimulate real estate purchases in the downturn of the property market in 2008, and the current economic environment is sufficient liquidity to blow up the real estate bubble.

"Once housing prices fall, banks need to take a lot of risks, so banks need to tighten the real estate loans by raising the threshold of interest rates."

Insiders believe that because the stock loan is not in the adjustment, and some banks have already raised the implementation standards of mortgage interest rates earlier, so the scope of this change is not large.

A number of banks confirmed that since November 1st, the minimum standard for commercial banks to purchase the first set of housing loans has changed to: the minimum down payment is 30%, the interest rate is 15% lower than the benchmark interest rate of the same period; the two housing is the minimum 50% of the down payment, and the interest rate is 1.1 times the same as the benchmark interest rate, which prohibits the provision of loans for third or more housing.

However, for those who have applied for loans and have not yet been approved, the interest rates of banks are not the same.

A bank loan approval department personage said, after receiving the new notice, the bank loan approval department has stopped the application of the 30 percent off interest rate, now the backlog of mortgage loans basically in accordance with the new interest rate implementation.

However, a bank official said that the new standard is only effective for the customers who apply for loans after November, and the mortgage customers who have submitted applications are still in line with the old preferential interest rate standard. "Some customers can still catch up with the last 30 percent off discount rates."

We are more concerned about it.

Analysts said that this new regulation and the previous first issued housing down payment ratio of not less than 32% policies superimposed after implementation, buyers need to invest in the cost of housing will further enhance.

A 30 year 1 million housing mortgage loan, the implementation of the benchmark interest rate of 6.14%, the interest rate from 30 percent off to 15% off, the monthly payment should be more than 555.31 yuan, 30 years will be more than 200 thousand yuan.

Therefore, the new housing interest rate standards will have a significant inhibitory effect on housing demand, housing buyers' wait-and-see sentiment is strong, and the volume of housing will be significantly reduced.

One industry insider said that if the implementation of the 30 percent off interest rate on mortgage loans, such a spread rate simply can not bear the operation cost of bank funds, including marketing costs, reserve costs, and daily operating costs, that is, the implementation of the new rules of interest rate concessions. Considering the provision, there is little profit margin for banks.

"Now that the 30 percent off discount is abolished, commercial banks are naturally happy to implement it."