Calculate your monthly home loan payment with current LPR rates — no signup, no ads blocking the answer
| Year | Annual Payment | Principal | Interest | Balance |
|---|
If you're buying property in China — whether you're a Chinese citizen or a foreigner with working rights — your mortgage rate is based on the Loan Prime Rate (LPR) published by the People's Bank of China. Banks then add or subtract basis points depending on your situation.
As of May 2026, the 5-year LPR sits at 3.50% (unchanged for 12 consecutive months). First-time homebuyers typically get a 20 basis point discount (3.30%), while second-home buyers pay a 20 bps premium (3.70%). These aren't negotiable — they're set by policy.
Equal Payment (等额本息) — You pay the same amount every month for the entire loan. Early payments are mostly interest; later payments are mostly principal. This is the most popular option because it's predictable.
Equal Principal (等额本金) — You pay a fixed amount of principal each month, plus interest on the remaining balance. Monthly payments start high and decrease over time. Total interest paid is lower, but the first few years can be rough.
Most people go with Equal Payment because it's easier to budget. But if you expect your income to drop (or plan to prepay early), Equal Principal saves you money in the long run.
Yes, but with conditions. You need at least 1 year of continuous work in China, a valid residence permit, and proof of income. Down payment requirements are higher — typically 30-50% depending on the city. First-tier cities (Beijing, Shanghai, Shenzhen, Guangzhou) have stricter rules and higher down payments than second and third-tier cities.