According　to　the　relevant　notice　issued　by　the　People＇s　Bank　of　China，　the　provident　fund　loan　rate　of　stocking　house　was　cut　accordingly　in　Xianning，　and　the　new　rate　was　implemented　on　1　January．

On　May　17，　2024，　the　People＇s　Bank　of　China　issued　the　＂Notice　on　Lowering　the　Interest　Rate　of　Individual　Housing　Provident　Fund　Loans＂，　which　said　that　for　individual　housing　provident　fund　loans　issued　before　May　18，　2024，　the　interest　rate　will　be　reduced　by　0.25　percentage　points，　and　the　new　interest　rate　will　be　implemented　from　January　1，　2025．

The　interest　rate　is　adjusted　according　to　the　corresponding　first－time　homebuyers　and　second－time　homebuyers．　For　the　first－time　homebuyers，　the　interest　rate　for　loans　under　five　years　（including　five　years）　will　be　reduced　to　2.35％，　and　that　of　more　than　five　years　will　be　reduced　to　2.85％；　for　the　second－time　homebuyers，　the　interest　rate　for　loans　under　five　years　（including　five　years）　will　be　reduced　to　2.775％，　and　that　of　more　than　five　years　will　be　reduced　to　3.325％．

The　interest　rate　of　housing　provident　fund　loans　has　been　lowered，　so　the　citizens　will　pay　less　loan　interest．　For　a　loan　of　500，000　yuan　with　a　term　of　25　years，　if　the　first－time　homebuyers　choose　an　equal　principal　and　interest　repayment　method　（the　monthly　payment　remains　the　same），　after　the　interest　rate　reduction，　the　monthly　payment　will　be　reduced　from　2397.14　yuan　to　2332.23　yuan，　a　decrease　of　64.91　yuan；　the　total　interest　expense　will　decrease　from　about　219，100　yuan　to　about　199，700　yuan，　and　interest　expense　decreased　by　about　19，400　yuan．

The　public　can　check　the　adjusted　loan　repayment　situation　through　the　WeChat　Official　Account　＂Xianning　Provident　Fund＂．　（Xianning　Daily／Huang　Lanfen）