Central Bank: Reduce personal housing provident fund loan interest rates by 0.25 percentage points starting from May 8

Published: May 7, 2025 13:49

Save

The People's Bank of China (PBOC) issued a notice regarding the reduction of interest rates for personal housing provident fund loans.

The PBOC has decided to lower the interest rates for personal housing provident fund loans by 0.25 percentage points, effective from May 8, 2025. The interest rates for first-home personal housing provident fund loans with terms of 5 years or less (including 5 years) and over 5 years will be adjusted to 2.1% and 2.6%, respectively. The interest rates for second-home personal housing provident fund loans with terms of 5 years or less (including 5 years) and over 5 years will be adjusted to no less than 2.525% and 3.075%, respectively.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn