The interest rate for provident fund loans has been lowered. Nearly one thousand people visited a property in Shenzhen in a single day. Over a 30-year loan term, one can save up to 110,000 yuan.

On May 8th, according to the decision of the central bank, Shenzhen began to synchronously reduce the personal housing provident fund loan interest rate by 0.25 percentage points, with the interest rate for first-time personal housing provident fund loans of 5 years or more adjusted to 2.6%. A reporter visited a targeted housing project in Longhua District of Shenzhen where the sales center was crowded with customers. The sales manager told the reporter that the targeted customers accounted for about 40-60% of the total, and they were greatly affected by the policy of lowering the interest rate of housing provident fund loans. Calculated at the maximum family amount of 2.31 million yuan for a 30-year loan, customers can save about 110,000 yuan in interest. Recently, the daily flow of customers at the housing project has been around 1,000 people.