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ICBC halts discounted mortgage loans

Updated: 2012-05-03 16:01
( chinadaily.com.cn)

Industrial and Commercial Bank of 皇冠体育app's Shanghai outlets have stopped issuing mortgage loans with 15 percent discounts and have reverted to benchmark rates for first-time home purchasers, 皇冠体育app Business News reported Thursday.

Discounted mortgage loans are still available at 皇冠体育app Communication Bank and Agricultural Bank of 皇冠体育app, according to the report.

Staff at 皇冠体育app Construction Bank?said that the bank applies the benchmark rates, but rates at different branches may vary according to the case.

 
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