In Shenzhen, we sometimes encounter economic difficulties. If it's small money, it's ok to borrow it from friends. However, if it is a large sum of money, we may need to apply for a loan. If we have a property in our name, we can apply for a mortgage loan. So what are the ways to apply for real estate mortgage in Shenzhen?

(1) Apply to the bank for real estate mortgage loan

Borrowers can mortgage their own or others' houses and apply for mortgage loans from banks. The general loan term is mainly medium and long term. Now many banks don't pledge real estate licenses. After the borrower handles the mortgage loan, the real estate license will still be returned to the owner. Remember to cancel the mortgage registration after the payment is paid off, otherwise the property ownership will not be owned by you.

(2) Pawnshop real estate mortgage loan

Pawnshops are not limited to the past, seize opportunities and combine with public demand. So now most pawn shops can handle real estate mortgage loans. The borrower needs to apply for a loan with the ownership of the real estate, and the pawnshop can pay the use fee in advance. According to the agreement between the borrower and the pawnshop, pay off all the money and redeem the pawn within the agreed time. Because the real estate mortgage loan of pawnshop is mainly short-term financing, the longest loan period is 12 months.

(3) Real estate mortgage loans of microfinance companies

Small loan companies are familiar to everyone. Borrowers can apply for loans from small loan companies with real estate mortgage. According to the regulations, the upper limit of the expected annualized interest rate is 4 times of the expected annualized interest rate.