The State Financial Supervisory Administration and the People's Bank of China issued a notice to issue the “Administrative Measures on Personal Housing Loans”. The lender should focus on assessing the borrower's ability to repay, and reasonably set the upper limit of the borrower's monthly mortgage expenditure to income ratio and the upper limit of all monthly debt expenses to income ratio based on factors such as local real estate market conditions, borrower income and debt situation. Among them, the monthly mortgage expenditure to income ratio is controlled below 50%, and the monthly debt expenditure to income ratio is controlled below 60%. The calculation formula is:

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