How much can I borrow?
1. There are generally two types: commercial mortgage and provident fund loan. It is very simple to apply for a loan from a commercial bank to buy a house, which supports 80% of the total house price (70% in some areas). Of course, the final failure depends on the borrower's ability to make ends meet. For example, your monthly income is only 5,000 yuan, but the house you buy needs to pay more than 5,000 yuan a month. Obviously, such a loan line will not be granted to you. Therefore, it is generally required that the income must be twice the monthly payment.
2. Due to the influence of the policies of provident fund management centers around the country, there is no unified calculation method for the amount of provident fund loans. Generally speaking, there is an upper limit on the amount of provident fund loans (loanable amount). First, at least 30% down payment must be met (the proportion of second-hand houses is higher).
3. Mortgage loan mainly refers to real estate mortgage and automobile mortgage. The car mortgage can be 70% of the loan evaluation value, whether it is a car mortgage or not. Property mortgage loan has a certain relationship with the geographical location of the house, but it can generally reach 70%, at least 50% and at most 80% of the property valuation.
How is the loan amount assessed?
1, personal credit
No matter what kind of loan you apply for, personal credit information is very important. Only those who apply for loans with good credit records can enjoy more preferential policies, such as low interest rates, low requirements and high loan quotas.
2. The age of the lender
Age is also a reference standard for loans. Banks have requirements on the age of lenders. Generally, the age of lenders is 18-65 years old. The people who generally work in society (25-40 years old) are the groups favored by banks. If you are too old, the loan pass rate is relatively low.
3. Professional nature and position
Banks give loans, mainly depending on your financial resources. Banks prefer groups with stable jobs and high incomes. If they have a high position, they are more likely to lend money.
4. Income level
Personal bank loans also depend on your income level. If the lender's income level is high, the loan will be easier.
5. Marital status
Generally speaking, the amount of married loans will be higher than that of unmarried loans, because people with families are more willing to repay debts and have a higher success rate in recovering loans.
6. Mortgage depends on collateral.
If it is a mortgage loan, the bank will decide your loan amount according to the collateral you provide.
When applying for a loan, we should pay attention to the specific process and the amount of the loan, and handle the loan in time according to local policies. The above is about how much money can I borrow? This paper introduces how to evaluate the loan amount. When handling a loan, we should pay attention to the loan process and the estimation of the loan amount, and we should not blindly apply.