Because when borrowers borrow money, banks will audit borrowers, and parents, as the same borrowers, also need to audit and investigate their parents' work units and income flows. If they are too old, the bank may think that their parents are unable to repay the loan and may fail to pass the borrower's loan review.
In addition, according to the regulations, both the borrower and * * * have good credit status and no bad credit records. * * * Either the children or the borrower has a good career prospect, and may not have a stable career and income, but they must have 100% capacity for civil conduct. The monthly repayment amount of the loan shall not be higher than 50% of the total monthly income of the borrower's family, and the monthly repayment amount of all debts of the borrower's family shall not be higher than 55% of the total monthly income.
1. If you want to apply for this loan, there are restrictions on the age of both parents, and they are required to be under 65. If they are too old, there is no way to apply for a loan. If you choose this loan method, you can only get 50% loan. Through relay loans, the pressure on young people to buy a house can be alleviated.
There are not many banks that can handle relay loans now. If you want to handle this business, you need to consult which banks can do it first. Is the interest rate of this relay loan high?
3. Relay loan means that parents come to buy a house and their children are the same borrower. Some children are not eligible for loans. If their parents have it, they can borrow money in their parents' names, which can increase real estate sales and enable young people to buy houses. But now many areas have stopped these businesses.
Legal basis:
Article 35 of the Commercial Bank Law: Commercial banks should strictly examine the borrower's loan purpose, repayment ability and repayment method. Commercial bank loans shall be subject to the system of separating loan review from grading approval.