Yesterday, it was learned from the Municipal Housing Provident Fund Management Center that according to the "Notice of the People's Bank of China on Reducing the Interest Rate of Personal Housing Provident Fund Loans", starting from May 8, 2025, the interest rate of personal housing provident fund loans will be reduced by 0.25 percentage points.

It is reported that the interest rate of personal housing provident fund loans will be lowered by 0.25 percentage points, and the interest rates of the first set of personal housing provident fund loans under 5 years (including 5 years) and more than 5 years will be adjusted to 2.1% and 2.6% respectively, and the interest rates of the second set of personal housing provident fund loans under 5 years (including 5 years) and more than 5 years will be adjusted to 2.525% and 3.075% respectively.

The adjusted interest rate shall be applied to loans issued after May 8, 2025 (inclusive) (including those approved but not issued); For loans issued before May 8, 2025, if the loan term is 1 year, the original loan contract interest rate will be implemented. If the loan term is more than 1 year, the adjusted interest rate will be implemented from January 1, 2026.