People's Bank of China and China Banking Regulatory Commission, Circular on Further Duly Carrying out Residential Financing Service Work

中国人民银行、中国银行业监督管理委员会关于进一步做好住房金融服务工作的通知

Policy relaxed on granting of the second housing mortgage loans.

2 minute readNovember 10, 2014 at 09:46 AM

clpstaff

& clp articles

Issued: September 29 2014

Main contents: For a household purchasing its first unit of own-use ordinary residential premises with a loan, the minimum down payment rate shall be 30%, with the lower limit on the loan interest rate being 0.7 times the benchmark loan interest rate

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