The minimum down payment for commercial loans for households registered in Hainan Province to buy their first home in Haikou drops to 25%

On the afternoon of September 20th

Hainan Provincial Market Interest Rate Pricing Self-Discipline Mechanism issued an announcement stating that

Haikou City's differentiated housing credit policy will be moderately adjusted

Starting from September 21st

Hainan Province household registration households in Haikou

The minimum down payment for commercial loans for purchasing first homes will be reduced to 25%

The announcement pointed out that in order to promote the stable and healthy development of the real estate market in Haikou City, in accordance with the spirit of relevant documents of the People's Bank of China and the State Administration of Financial Supervision, in accordance with the regulatory requirements of the Haikou Municipal Government, and in combination with the real estate market situation in Haikou City, after research, the self-regulatory mechanism for market interest rate pricing in Hainan Province has been determined: starting from September 21, for households with household registration in Hainan Province, To purchase commercial housing in Haikou City with a loan, the minimum down payment ratio for commercial personal housing loans for the first house will be adjusted to 25%, and the minimum down payment ratio for commercial personal housing loans for the second house will be adjusted to 35%; the lower limit of the interest rate policy for commercial personal housing loans for the second house will be adjusted to no less than the loan prime rate (LPR) plus 30 basis points for the corresponding period.