China citizens with full capacity for civil conduct, Hong Kong, Macao and Taiwan natural persons with full capacity for civil conduct with the right of abode in Chinese mainland, and foreigners with full capacity for civil conduct with the right of abode in Chinese mainland can apply for loans to purchase houses.
But whether the mortgage can be approved mainly depends on the following points:
1, first of all, you must have a stable income, ensure that you can repay the loan principal and interest, and have a good credit.
2. The house has legal and effective construction, overhaul and purchase contracts and other supporting documents required by the loan bank.
3. There is a fund of 30% of the total purchase price to pay the down payment of the house.
4. Other conditions stipulated by the lending bank.
Extended data:
The maximum loan amount is 80% of the total price or evaluation value (whichever is lower) of the house purchased (built or overhauled); The loan period is generally not more than 30 years.
The loan interest rate is subject to the relevant interest rate policies of the People's Bank of China and China Banking Regulatory Commission. There are two repayment methods for housing loans with a loan term of more than one year: average capital repayment method and equal principal and interest repayment method.
Baidu encyclopedia-personal housing loan