In view of the fact that the basic quasi-interest rate of commercial loans with a term of more than five years is 4.90% and the influence of the policy of restricting purchases and loans, local banks have made different adjustments to the interest rate of the first home loan. According to the latest data from the Bank Information Network, the average interest rate of the first suite in China is 5.38%, and the interest rate generally rises by 5% to 20%. The interest rate of the second home loan generally rises 10 to 30%. During the same period, the benchmark interest rate of provident fund loans was 3.25%, and the interest rate of second-home loans generally rose 10%. The second suite is defined as the number of mortgages determined by the borrower's family, including the borrower, spouse and minor children. Families who have used provident fund loans or commercial loans to buy houses and apply for mortgages again are regarded as second suites.

If you need to apply for a loan from a bank, you should know how to calculate its interest rate. The People's Bank of China previously announced the commercial loan interest rate. Since 2008, the lower limit of commercial personal housing loan interest rate has been expanded to 0.7 times of the basic quasi-interest rate, and the down payment ratio for house purchase has been adjusted to 20%. The first is the loan interest rate and down payment ratio of financial institutions to customers. The loan interest rate will be determined according to factors such as whether the lender buys a house for the first time, whether the house is occupied by itself, whether the house type and construction area are ordinary houses, the borrower's credit history and repayment ability.

Then, if it is the first time that citizens buy ordinary housing and improved ordinary housing and need loans, then financial institutions will give some support in terms of loan interest rate and down payment ratio according to preferential conditions. For non-owner-occupied loans, financial institutions will raise interest rates appropriately. Finally, the interest rate of individual housing provident fund loans will be lowered. If the loan term is less than five years, it will be adjusted from the current 4.32% to 4.05%. If the loan term exceeds five years, it will be adjusted from 4.86% to 4.59%, down by 0.27 percentage points respectively. If it is a provident fund loan for more than five years, the interest rate is 4.59%, and the minimum commercial loan is 7.83* 0.75.48%.