From September 25, major banks will start adjusting interest rates for existing first-home loans. China Construction Bank and others have launched the “existing mortgage interest rate adjustment” function. Previously, China Construction Bank stated that starting from September 12, the function can be used to check the status of the first or second set of loans when the loan is issued through the mobile banking APP, the CCB Smart Personal Loan applet, and other channels. In addition, ICBC stated that it will officially launch the first or second home loan identification status query function in its mobile banking APP on September 14, 2023, through the APP plate of “existing mortgage interest rate adjustment”. Agricultural Bank of China also said that users can check whether their existing mortgage interest rates meet the conditions for reduction, the extent of the reduction, and other related matters on the APP starting from September 15, 2023.

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