The People's Bank of China has decided that, starting from May 8, 2025, the personal housing provident fund loan interest rate will be lowered by 0.25 percentage points, with interest rates for first-time personal housing provident fund loans adjusted to 2.1% for loans of 5 years or less (including 5 years) and 2.6% for loans over 5 years. For second-home personal housing provident fund loans, the interest rates will be adjusted to no less than 2.525% for loans of 5 years or less (including 5 years) and 3.075% for loans over 5 years.
On May 7, the Financial Associated Press reported that the People's Bank of China issued a notice regarding the reduction of personal housing provident fund loan interest rates.
The People's Bank of China has decided that, starting from May 8, 2025, the personal housing provident fund loan interest rate will be lowered by 0.25 percentage points, with interest rates for first-time personal housing provident fund loans adjusted to 2.1% for loans of 5 years or less (including 5 years) and 2.6% for loans over 5 years. For second-home personal housing provident fund loans, the interest rates will be adjusted to no less than 2.525% for loans of 5 years or less (including 5 years) and 3.075% for loans over 5 years.
