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ICBC Announces Adjustment to Interest Rate on Existing Mortgages, Uniformly Set at LPR-30 bps
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ICBC (01398.HK) (601398.SH) announced that it will implement a batch adjustment to the interest rate on existing mortgages on October 25, and the interest rate will be uniformly adjusted to the loan prime rate (LPR) minus 30 bps. For loans with interest rates higher than LPR-30 bps, the interest rate will be adjusted to LPR-30 bps. This adjustment does not apply to second-home loans in Beijing, Shanghai, Shenzhen and other regions. If the interest rate is already equal to or lower than LPR-30 bps, it is not within the scope of this adjustment. The bank expected all adjustments to be completed by the end of October, with the specific time to be determined based on each individual's loan repricing date. This interest rate adjustment only applies to commercial personal housing loans. AAStocks Financial News |
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