Mortgage Calculator — China
Estimate your monthly mortgage payment in CNY using China's typical rates, and see the full interest cost. No signup, no tracking.
Local rates & providers
Mortgage rates based on 5-year LPR (~3.60%) + markup. First-home ≈ 3.1–3.8%, second-home slightly higher. PBOC uses 7-day reverse repo rate (1.50%) as main policy tool. Providers: ICBC, CCB, ABC, BoC, CMB.
Reference figures, ~2026. The People's Bank of China (PBOC) sets the policy rate; your offered rate depends on your profile, deposit and the lender. Verify current rates before deciding.
Worked example
For every ¥1,000,000 borrowed at 3.60% over 20 years:
- Monthly payment: ¥5,851
- Total repaid: ¥1,404,268
- Total interest: ¥404,268
Scale this to your loan amount — e.g. ¥3,000,000 costs about 3× these figures. A larger deposit and shorter term cut the interest sharply.
Frequently Asked Questions
How is the mortgage payment calculated in China?
Lenders use the reducing-balance formula P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the loan, r the monthly rate and n the number of months. The fin·calc tool applies the same formula with China's typical rate.
What is the current home loan rate in China?
As a 2026 reference, typical rates are around 3.6% per year, linked to the People's Bank of China (PBOC) policy rate. Mortgage rates based on 5-year LPR (~3.60%) + markup. First-home ≈ 3.1–3.8%, second-home slightly higher. PBOC uses 7-day reverse repo rate (1.50%) as main policy tool. Providers: ICBC, CCB, ABC, BoC, CMB.
How much deposit do I need?
A larger down payment lowers both your rate and total interest, and reduces the lender's risk. Most lenders also add valuation, legal and registration costs on top of the deposit.
Can I reduce the total interest?
Yes — a bigger deposit, a shorter term, and extra or early repayments all cut total interest significantly. Use the prepayment option in the calculator to see your exact saving.