As housing prices remain high, more and more people are choosing to buy houses with installment loans.

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Take Shanghai as an example. So, what is the general loan interest rate for a first home in Shanghai? What are the criteria for identifying a first-time home in Shanghai? Don’t worry, if you are interested in this, you might as well follow me to learn more!

What is the interest rate for first-time home loans in Shanghai

Currently, the interest rate for first-time home loans in Shanghai is 4.9. Currently, almost all banks offer discounts of 95% off. However, one thing to note is that if you have a record of housing loans (including provident fund loans and commercial loans) nationwide, applying again in Shanghai will be considered a second set of policies. In addition, banks will offer interest rates with different discounts or floating ranges based on individual credit scores.

What are the criteria for identifying the first house in Shanghai?

1. The criteria for identifying the first house in Shanghai: After buying a house with a loan and the commercial loan has been paid off, if you buy a house with another loan, it will be regarded as your first house. A suite; if you buy a house with a loan and later sell it, and the property cannot be found through the real estate registration system, but the loan record can be found in the credit system, then you can buy a house with a loan, which is regarded as your first house. If you buy a house with full payment and then take out a loan to buy a house, it is also considered your first house.

2. I bought a house with full payment, but later changed hands, and the property could not be found in the real estate registration system. I then took out a loan to buy a house, which is regarded as the first house; I have commercial loan records for 2 houses under my name, and all of them were settled. If it is sold and two housing sales certificates can be provided at the same time, it will be regarded as the first house when buying a house with a loan.

3. If the commercial loan for one house under your personal name has been paid off, and the provident fund loan for another house has been sold, and you can provide proof of the sale of the house, you can apply for a commercial loan before buying a house, which will be regarded as your first house. One spouse uses a commercial loan to purchase a house before marriage, the other spouse uses a provident fund loan to purchase a house before marriage, and takes out a joint loan in the name of the couple after marriage.

Editor’s summary: After reading the above introduction, I believe everyone has a better understanding of the interest rate for first home loans in Shanghai. If you want to know more relevant information, please continue to pay attention to our website, and we will present you with more exciting content in the future.

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