“National subsidy” for buying a house is online, saving up to nearly 50,000 yuan in interest

Starting today, residents who use newly issued commercial personal housing loans to buy houses can enjoy loan interest discounts if they meet the conditions. This is the first time at the national level that interest rates are discounted for personal mortgages.

Who can enjoy it? How much can you save? How to do it? Let’s see together.

Who can enjoy it? Meet three conditions at the same time

This interest discount policy focuses on the first-time buyers who are in urgent need, and focuses on supporting ordinary families to purchase new small and medium-sized houses at lower prices. According to the notice, residential households must meet the following three conditions at the same time:

一是使用 Newly issued commercial personal housing loansThe purchase of a first home does not include replacement of existing loans. The determination of “first house” shall be carried out in accordance with the current policy. Both new and second-hand houses are available。

Second, the building area of ​​the purchased house Not exceeding 120 square meters。

The third is the price of the house purchased. No more than 1.5 million yuan。

The state has relevant policy support for groups who use provident fund loans to buy houses and use loans to buy affordable housing. Enjoy without stacking。

Example: Customer A plans to purchase a second-hand house in city A, with a construction area of ​​100 square meters and a price of 1.4 million yuan, which meets the requirements for first home loan recognition in city A. According to the interest discount conditions, if Customer A applies for a second-hand housing loan from the bank and the loan is issued after October 1, 2026 (inclusive), he can enjoy this fiscal interest discount policy.

Why set a threshold? Precisely benefit target groups

Relevant persons in charge of the three departments said that the central government’s implementation of the interest discount policy for residents’ home purchase loans is an exploration of ways to protect and improve people’s livelihood in the housing field. By defining the total price of the house, the area of ​​the house, the loan category, etc., it will benefit the target group as accurately as possible. Help families with relatively low incomes who are preparing to buy the most ordinary houses to “reduce their monthly payments.”

How much can you save? Up to nearly 50,000 yuan

The loan size eligible for discount interest can be up to 1 million yuan, the state provides an annual discount of 1 percentage point, based on the current first-home commercial loan interest rate of approximately 3%. This is equivalent to a discount of one-third of the interest rate.

The maximum term of the interest subsidy is 5 years. If a home buyer takes out a loan of 1 million yuan to buy a house and the term exceeds 5 years, Cumulatively, interest expenses can be reduced by nearly 50,000 yuan.

Wu Jing, director of the Real Estate Research Center of Tsinghua University, calculated a more detailed calculation for home buyers: based on a 1 million yuan loan, 30-year equal principal and interest, and an interest rate of 3.05%, the monthly repayment amount is about 4,243 yuan. As the loan balance decreases month by month, the interest discount amount decreases year by year during the five-year subsidy period. The subsidy amounts in the five years are 9,861 yuan, 9,565 yuan, 9,277 yuan, 8,998 yuan, and 8,727 yuan respectively, totaling approximately 46,000 yuan.

How to do it? “Enjoy without applying” automatic deduction

Carrying out commercial personal housing loan business 全部銀行, can handle interest discount business.

The procedures for applying for interest discounts are quite convenient. As long as the home buyer authorizes the bank to handle it on his behalf when signing the loan contract, the bank will automatically deduct the interest discount amount from the repayment amount in each period when collecting interest on a monthly basis. Realize “enjoy without applying”.

The bank will promptly inform the borrowers of the interest discount enjoyment status through mobile phone text messages, App messages, etc., so that borrowers can “know what they are doing”.

The six major banks have issued announcements to warn against fraud

On September 30, six large state-owned commercial banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China, issued an announcement stating that they are actively promoting interest discounts on commercial personal housing loans, optimizing the application process, simplifying procedures, and providing interest discount services to customers who meet policy requirements.

The six major banks all reminded: In the process of handling commercial personal housing loan interest discount business, The bank does not charge any fees, consumers should beware of criminals committing fraudulent activities on the pretext of applying for interest discounts. The bank will not entrust any third-party organization or personnel to handle it on its behalf.

How long is the policy period? Tentatively scheduled for 1 year

The policy will be implemented from October 1, 2026, and the implementation period is tentatively scheduled for one year.

This time, the country’s use of fiscal leverage will not only stabilize the real estate market, but also reduce the cost of home purchase, allowing new citizens such as migrant workers, young people such as newly employed college students, and urban working-class families and other groups who just need to buy homes to reduce costs and burdens, helping more people to live in a place of residence.