Generally speaking, the borrower's personal housing loan for affordable housing cannot be higher than 70% of the housing value or actual housing cost assessed by the real estate appraisal agency;
Loan term: 1-20 years.
Loan interest rate: in accordance with the relevant provisions of the People's Bank of China.
After signing the house subscription book with the developer, the buyer can apply for a loan at the loan bank with the subscription book, and then go to the law firm designated by the bank to review the individual repayment ability after passing the preliminary examination. After the bank has passed the preliminary examination, the customer must also sign a formal purchase contract with the developer, pay the down payment and complete the personal income certificate (which can be issued by the personnel and labor department of his work unit). After the above contents are reviewed by the lawyer, the lawyer will issue a legal opinion. In addition, the lender must go to the insurance company designated by the bank to buy house property insurance (the time is the same as the loan period). After the above completion, the borrower can sign a loan and mortgage contract with the bank, and then the bank will directly transfer the money to the developer's account, and the borrower will start to repay the loan principal and interest on a monthly basis.