Search
Shanghai Simplifies Mortgage Interest Rates, Offering Savings on Second Homes: 80,000 Yuan Less in Interest on a Million-Yuan, 30-Year Loan
2025-08-25 /
Read about 0 minute
Author：小编
Shanghai has revamped its pricing mechanism for commercial personal housing loan interest rates, eliminating the distinction between first and second homes. Consequently, the interest rate for second homes has been uniformly lowered to 3.05%. For individuals taking out a million-yuan loan over a 30-year period with equal principal and interest payments, this adjustment translates to a monthly installment reduction of roughly 220 yuan and a total interest savings of 80,000 yuan. This reform is anticipated to bolster the affordability for homebuyers aiming to upgrade their living conditions.
-
C114 Communication Network -
Communication Home
7 X 24 Track global technological trends
