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Starting from October 1st, the policy of subsidized housing loans for residents will be officially implemented nationwide. Each bank acted quickly, clarifying service processes and improving system functions in the first place, making the "no application, enjoy" policy a reality, and helping eligible homebuyers enjoy subsidized benefits as soon as possible.

Ms. Chen, who has been working in Guangzhou for many years, recently purchased a 92 square meter two bedroom apartment and applied for an 800000 yuan housing loan from Agricultural Bank of China. After enjoying the interest subsidy, it is expected to save a total of about 40000 yuan in interest. After working hard in Guangzhou for so many years, I finally have my own small home, and I also caught up with the good interest subsidy policy. The burden on my shoulders has become much lighter, "said Ms. Chen.

Ms. Chen's mortgage interest subsidy benefits from the joint release of the resident housing loan interest subsidy policy by the Ministry of Finance, the People's Bank of China, and the State Administration for Financial Regulation on September 29th. According to policy arrangements, eligible residents' housing loans can enjoy a 1 percentage point discount support, with a maximum discount period of 5 years, and the maximum loan size eligible for discount can reach 1 million yuan. The policy implementation period is tentatively set at one year.

The day after the policy was released, six major banks including Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, China Communications Construction Bank, and Postal Savings Bank of China issued announcements to actively promote the implementation of the policy of subsidized housing loans for residents. Each bank reiterated the three "hard levers" proposed by the policy: using newly issued commercial personal housing loans to purchase the first home; The purchased housing has a building area of 120 square meters or less (including 120 square meters); The price of the purchased housing is below 1.5 million yuan (including 1.5 million yuan).

According to industry insiders' calculations, based on the current interest rate level of commercial personal housing loans for first-time homebuyers, a 1 percentage point discount is equivalent to about one-third of the interest rate discount. For a long-term 1 million yuan commercial personal housing loan, the interest subsidy policy can help the borrower reduce interest payments by up to 50000 yuan cumulatively.

On the first day of policy implementation, multiple banks have already issued eligible subsidized loans.

In Sichuan, Ms. Luo, who had been planning to buy a house for a long time, made a decisive decision to buy a house the day after the release of the interest subsidy policy. After obtaining a 750000 yuan mortgage from Bank of China, it is expected to save over 30000 yuan in interest over 5 years. Interest subsidies have effectively reduced the cost of purchasing a house, "said Ms. Luo.

The reporter learned from China Construction Bank that on the first day of policy implementation, the bank's branches in Chengdu, Sichuan, Shuangliu, Yibin, Nanchong, and other areas respectively issued subsidized loans of 2.1 million yuan to four homebuyers, covering both newly-built commercial housing and second-hand housing.

Golden September and Silver October "is the traditional peak season for the real estate market. To ensure the precise implementation of policies benefiting the people, various banks actively visit real estate sites, exhibitions, and intermediary stores, set up service booths, conduct one-on-one professional calculations, and actively serve the group of first-time homebuyers.

The reporter learned that on the first day of the National Day holiday, Industrial and Commercial Bank of China Chengdu Branch issued 8 housing loans that met the conditions for interest subsidies, with a total amount of 4.228 million yuan invested; During the National Day holiday, China Construction Bank Guangdong Branch processed over 500 million yuan in subsidized loans.

Mr. Chen from Weixian, Handan, Hebei has been working in the south for many years. During the National Day holiday, he returned to his hometown to buy a house and applied for a 500000 yuan housing loan from the bank. The Agricultural Bank of China's Handan branch in Hebei has opened a green channel for returning to his hometown to buy a house. The bank employees explained the policies clearly, and even during the National Day holiday, I was able to apply for loans smoothly. The interest subsidy policy also helped me save about 25000 yuan in interest, "Mr. Chen said.

In addition to serving the group of returning home buyers, financial institutions also focus on the housing needs of new city residents and promote policy dividends directly to potential homebuyers.

Ms. Wu, a resident of a new city in Hangzhou, is interested in a second-hand house and has not sold it for a long time. The ICBC customer manager helped me calculate that after the 480000 yuan loan interest subsidy, I could save about 16000 yuan in interest over 5 years, which prompted me to quickly make up my mind to sign a contract to buy a house, "Ms. Wu said.

In addition, various banks are actively promoting the "no application, enjoy" processing method, optimizing the processing flow, and simplifying the application process.

Buyers do not need to apply for interest subsidies separately. We will make preliminary judgments during loan processing, informing them of the interest subsidy ratio, period, amount, and other factors. After the loan is approved, the interest subsidy amount will be automatically deducted from the repayment amount for each installment, "said a relevant person from China Construction Bank.

Various banks have stated that they will continue to increase the promotion of housing subsidy policies, optimize business processing procedures and service experiences, continue to implement mortgage subsidy policies in detail, and promote the benefits of subsidy dividends to more families in need.