Two Departments: Individual Housing Loan Term Extended from Maximum 30 Years to 40 Years, Monthly Mortgage Payment-to-Income Ratio Capped Below 50%

The People's Bank of China and the National Financial Regulatory Administration issued new real estate credit management rules, systematically reforming the credit system across the entire chain of development, purchase, and operation. Individual housing loans have a maximum term of 40 years, with existing loans eligible for negotiated repayment adjustments; housing rental group purchase loans have a maximum term of 30 years, with loan amounts generally not exceeding 80% of appraised value, further meeting rigid and improvement housing demands and supporting the stable and healthy development of the real estate market.