Shanghai's new real estate policy implemented on the first day: Existing customers can apply for adjustments online, and part of the second home loan rates have been reduced by 9 basis points.

Shanghai's new round of mortgage interest rate adjustments officially took effect on September 1st. Reporters learned from several banks that existing mortgage customers can apply for rate adjustments through online channels, and some customers completed the operation on the same day with the interest rate level also decreasing. The core of this adjustment lies in the "uniform pricing for first and second homes" and the "normalization of interest rate adjustments for existing loans", which are also important parts of the new housing policy implemented on August 25th. A Shanghai mortgage customer told reporters that on that day, he completed the adjustment of the interest rate on his existing mortgage through the bank's mobile app, lowering the rate on his second home loan from 3.45% to 3.36%, a decrease of approximately 9 basis points. Several bank officials told reporters that on the first day of the policy implementation, the number of online applications noticeably increased, and the backend processing volume significantly rose, so some customers may need to wait until the next day to complete the bulk adjustments.