[What are the main contents of the interest discount policy for residential home purchase loans? The three departments answered reporters’ questions] Relevant persons in charge of the Ministry of Finance, the People’s Bank of China, and the State Administration of Financial Supervision answered reporters’ questions on the implementation of the interest discount policy for residents’ home purchase loans. Regarding the main content of the policy, the relevant person in charge said that the central government's policy of discounting interest rates for residents' home purchase loans is an exploration of ways to protect and improve people's livelihood in the housing field. By defining the total price of the house, the area of ​​the house, the loan category, etc., it will benefit the target group as accurately as possible and help families with relatively low incomes who are preparing to buy the most ordinary houses to "reduce their monthly payments." First, focus on the immediate needs of the first home, and focus on supporting ordinary families to purchase new small and medium-sized houses at lower prices. The main purpose is to use limited fiscal funds to benefit more groups in urgent need, and to provide interest discount support to households that meet the following conditions: First, use newly issued commercial personal housing loans to purchase first homes, excluding existing loan replacements. Among them, the identification of "first-time housing" is implemented in accordance with current policies, including both new homes and second-hand homes. Second, the building area of ​​the purchased house does not exceed 120 square meters. Third, the price of the house purchased does not exceed 1.5 million yuan. The above-mentioned conditions are set mainly to focus on supporting the basic housing purchase needs of groups in urgent need. Taking into account the different income, housing area, price levels, etc. of residents in different cities, the central level coordinates to benefit people's livelihood, ensure basic needs, wide coverage, promote fairness and financial possibilities, and strive to balance it across the country. For relevant groups who use loans to purchase affordable housing and provident fund loans to purchase houses, the state has relevant policy support, and this time they will not enjoy policy support at the same time. Second, we will provide an interest discount of 1 percentage point to reduce the interest cost of residents’ loan purchases. The loan size that can enjoy discount interest is up to 1 million yuan, and the financial department will provide an annual discount of 1 percentage point. According to the current commercial personal housing loan interest rate for first homes, it is equivalent to one-third of the discounted interest rate, and the interest discount period can be up to 5 years. For example, for a long-term commercial personal housing loan of 1 million yuan, considering that most mortgages pay interest and repayment on a monthly basis, and the loan balance decreases month by month, the interest discount policy can help the borrower reduce the cumulative interest payment by up to nearly 50,000 yuan. The specific interest discount amount enjoyed by households varies depending on the loan size, term, repayment method, etc. Third, the subsidy should be fully utilized and the fiscal subsidy funds should be fully guaranteed. The policy starting date is October 1 this year, and the policy implementation period is tentatively scheduled for one year. During this period, eligible households can enjoy fiscal interest discount support. There is no upper limit on the total scale of funds during implementation. The budget has been fully arranged and settlements are based on facts.