Multiple places have followed up on the official announcement to lower the interest rate of provident fund loans, with the minimum rate reduced to 2.1%.

On May 7, the Housing Fund Management Centers in Sichuan, Anhui, Hainan, Shanghai, Chongqing, Changsha, Shijiazhuang, and other places announced in a public notice that starting from May 8, the personal housing provident fund loan interest rates will be adjusted. The interest rates for first-time personal housing provident fund loans for less than 5 years and more than 5 years are reduced to 2.1% and 2.6% respectively, while the interest rates for second-time personal housing provident fund loans for less than 5 years and more than 5 years are reduced to 2.525% and 3.075% respectively. For personal housing provident fund loans disbursed after May 8, the new interest rates will be applied. For personal housing provident fund loans disbursed before May 8 and not yet due, the new interest rates will be applied starting from January 1, 2026. It is understood that on May 7, the People's Bank of China announced a 0.25 percentage point reduction in personal housing provident fund loan interest rates starting from May 8.