What is the mortgage interest rate in Leping urban area?

3.65%. According to the enquiry of China Travel Service. Com, the annual interest rate of leping city mortgage is 3.65% for loans with less than 5 years (including 5 years) and 4.3% for loans with more than 5 years. Mortgage loan means that the debtor legally transfers the ownership of the property to the creditor, but the creditor does not own the property. Once the debt secured by the property is paid off, the transfer of property ownership will end.