However, some state-owned commercial banks in Shanghai appear in the implementation of 'relaxation' phenomenon, that is strictly a 4 percent down payment, but rates did not increase by 10%. So, the Shanghai two sets of mortgage interest rates of 10% is strict enforcement of the 6 CBRC month requirement is not new, probably by the end of the year the Bank has completed the relevant mortgage index.
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the Nanjing and Guangzhou, most recently the banks have also tightened the two suites policy. Currently, almost all commercial banks in Nanjing will be two interest rates go up by 10% suites. Guangzhou will be canceled in the near future, however, specific implementation details have to wait for formal notification this week.
Shanghai Second home loan interest rate from November 1 onwards will be strictly in accordance with the benchmark rate of 10% implementation. Shanghai property market has always been the national property market benchmark, the Shanghai two sets of mortgage interest rates and strict credit policy may be strict in the vane housing. In the same vane as the property market in Beijing, two suites interest rates from the 10% rule as early as July began strictly enforced. Beijing in July this year from the strict implementation
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Shanghai Second home loan interest rate from November 1 onwards will be strictly in accordance with the benchmark rate of 10% implementation. Shanghai property market has always been the national property market benchmark, the Shanghai two sets of mortgage interest rates and strict credit policy may be strict in the vane housing. In the same vane as the property market in Beijing, two suites interest rates from the 10% rule as early as July began strictly enforced.
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