The People’s Bank of China (PBC) decided to lower the interest rates on personal housing provident fund loans for first-time home buyers by 0.15 percentage points. Starting from October 1, 2022, the interest rates on 5-year-and-below loans and on 5-year-above loans will be adjusted to 2.6 percent and 3.1 percent, respectively. For second-home buyers, the interest rate floors remain unchanged at 3.025 percent for 5-year-and-below loans and 3.575 percent for 5-year-above loans.
Date of last update
Nov. 29 2018
