Tianjin has become the latest Chinese city to loosen housing policies in a bid to boost the property sector.
According to a circular issued by local authorities on Wednesday, the minimum down-payment ratio for individual commercial housing mortgages has been lowered to 15 percent for first-home purchases and 25 percent for second-home purchases.
Tianjin also removed the lower limits for individual commercial housing mortgage rates for first-time and second-time home purchases.
This allows banks to reasonably set lending rates for each mortgage based on factors such as the banks' operating situations and customer risks.