Agricultural Bank of China: Execution Interest Rate Of Newly Issued Personal Housing Loans Has Dropped By More Than 100 Basis Points

According to the Beijing News, on April 28, the Agricultural Bank of China held a performance briefing for the first quarter.

Zha Chengwei, general manager of the Personal Credit Department of the Agricultural Bank of China, said that the bank will actively follow the dynamic adjustment mechanism of the first set of housing loan interest rates and the requirements of "benefiting enterprises and people", and guide the branches in corresponding cities to lower interest rate pricing in a timely manner.

In March 2023, the new executive interest rate of personal housing loans issued by the Agricultural Bank of China was 4.13%, a year-on-year decrease of 136.5 basis points.