Yes, the apartment belongs to commercial land, so the loan can only be borrowed for 10 years at most.
. However, apartment loans have certain advantages, such as unlimited purchases and loans. Therefore, users who can't borrow money to buy a house can consider borrowing money to buy an apartment.
In addition, apartments cannot use provident fund loans, and users can only apply for commercial loans when applying for apartment loans.
Extended data:
Mortgage, also known as house mortgage.
Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the notarization of real estate mortgage registration according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.
classify
housing loans
Personal housing loan refers to the loan issued by the bank to the borrower for purchasing ordinary housing for personal use. The borrower must provide a guarantee when applying for a personal housing loan. Personal housing loans mainly include entrusted loans, self-operated loans and portfolio loans.
Entrusted loans for individual housing refer to loans issued by banks to individuals who purchase ordinary housing according to regulations, and the source of funds is housing provident fund deposits. Also known as provident fund loans.
Self-operated loan
Personal housing self-operated loans are loans granted to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, the loan names of banks are different. China Construction Bank is called individual housing loan, and Industrial and Commercial Bank and Agricultural Bank are called individual housing guarantee loan.
Consortium lending
Personal housing portfolio loan refers to a loan issued to the same borrower with housing provident fund deposits and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans.
Mortgage repayment methods: average capital, equal principal and interest, biweekly payment, etc.
Loan amount: 80% of the value of the loanable property after being audited by the bank.
Mortgage down payment: 30% down payment for the first home mortgage loan and 50% down payment for the second home mortgage loan.
Loan life: 30 years for first-hand houses and 20 years for second-hand houses. At the same time, the loan period plus the applicant's age must not exceed 70 years old.
Loan interest rate: the benchmark interest rate of the first home loan for more than five years is 6.55%, and the interest rate of the second home loan is 7.26% when the benchmark interest rate rises 1. 1 times.
How to repay the average capital loan of the apartment in advance?
No matter what kind of loan it is, it must be repaid in advance, and it must be repaid in advance within the first third of the repayment period, which can save interest. 10 year means prepayment within the first three years. If it has been paid back for five years, it is not worthwhile to pay it back in advance. Most of the interest has been paid to the bank.
The apartment pays * * * 300,000 yuan a month. Will there be interest after the down payment of 50,000 yuan?
Yes, if the total house price is 300,000 yuan and the down payment is 50,000 yuan, then the loan is 250,000 yuan. Whether the principal and interest are equal or not, interest will be generated every month. Note that it is not the monthly interest, but the interest is taken into account when calculating the monthly payment.
Can the apartment be mortgaged?
Individuals who purchase apartments in full can apply for mortgage loans, and the maximum amount of mortgage loans they can apply for is 70% of the house price. There must be a valid and legal purchase contract.
1, eligible apartments can apply for mortgage loans. Apartments are generally commercial properties and residential properties. If you want to apply for a mortgage, you need to have fixed assets as collateral.
2. The conditions that need to be met when applying for a mortgage loan by using the apartment are: legal identity, stable income, ability to repay the loan principal and interest on time, no bad credit record, and legal and effective housing transaction contract.
3. If the newly purchased house is used as the maximum mortgage, it must have a legal and effective purchase contract, the service life of the house is within 10 years, and a down payment of not less than 30% of the total price of the purchased house has been prepared or paid.
What is the general interest rate for apartment mortgage loans?
1, apartment mortgage interest rates is generally implemented according to the commercial loan interest rate, but many banks have raised the benchmark interest rate for apartment loans a lot, and some even raised it by about 40%, which is related to regional policies.
2. The interest rates of loans executed by different banks are different. The loan interest rates implemented by major banks fluctuate on the benchmark interest rate of the central bank, and the fluctuation range mainly depends on the personal qualifications of borrowers. If the borrower's personal qualifications are better, the loan interest rate will be more favorable.
3.0-6 months, with annual interest rate of 4.35%; 6 months-1 year, with an annual interest rate of 4.35%; 1-3 years, with an annual interest rate of 4.75%; 3-5 years, with an annual interest rate of 4.75%; 5-30 years, with an annual interest rate of 4.90%.
Matters needing attention in buying a house with a loan.
Nowadays, more and more people buy houses after 90' s, and the concept of young people buying houses now is very different from that of those who bought houses before. Many friends don't care which floor is good when choosing apartment, but choose their favorite number. Of course, this is a minority, so how many floors should I buy an apartment?
Nowadays, more and more people buy houses after 90' s, and the concept of young people buying houses now is very different from that of those who bought houses before. Many friends don't care which floor is good when choosing apartment, but choose their favorite number. Of course, this is a minority, so how many floors should I buy an apartment? Apartments are usually high floors. Considering the lighting effect and the noise of the surrounding environment, the higher the floor, the better. Let me tell my friends about the precautions for buying a house with a loan.
On which floor should I buy an apartment?
The fifth to eighth floors, 12 floors, 15 to 17 floors, and the twentieth floor are all good. The reason is that if it is a tall building, the surrounding buildings will not be too low. The light below the fifth floor may be bad. 1 building is generally humid. Now there are more and more geothermal buildings, and the pipes are all on the second floor, which is not good. Besides, the urban dust belt is generally 9 to 9. 13 floor is also difficult to clean, because in western theory, there is no more unlucky number than 13. This is a taboo in China, which is generally understood as 18 hell. 2 1 is the top floor, with many problems.
Matters needing attention in buying a house by loan
Note: First of all, do what you can.
When applying for personal housing loans, borrowers should make a correct judgment on their economic strength and repayment ability, make a correct and objective prediction of their future income and expenditure, and choose the appropriate loan amount.
Note 2. Choose a good loan bank.
If you buy an existing house or a second-hand house, you can generally choose your own loan bank. The more services the mortgage bank provides, the more flexible and diverse the services you get. From the buyer's point of view, there is no doubt that the more choices the buyer has, the better.
Note 3: Choose the appropriate repayment method.
At present, there are basically two repayment methods: one is equal principal and interest repayment, and the other is equal principal repayment. The advantage of matching principal and interest repayment is that borrowers can accurately grasp the monthly repayment amount and arrange family income and expenditure in a planned way. Average capital's repayment method is more suitable for individuals who have strong repayment ability at the initial stage of repayment and want to pay a large amount at the initial stage of repayment to reduce interest expenses.
Note 4. Provide true information to the bank.
When a bank applies for a loan, it usually requires the borrower to provide proof of income, including the borrower's occupation, position and recent economic income. If your income doesn't reach a certain level, it means that you don't have enough repayment ability. If you provide false certificates to meet the loan conditions, the bank's trust in you will be greatly reduced, which will affect your loan application.
Note 5: Provide an accurate personal address.
If the address provided by the borrower to the bank is accurate, it will be convenient for the bank to contact. When the People's Bank of China adjusts the loan interest rate, you can receive the interest rate adjustment notice from the bank in time. In addition, it is especially important to remind borrowers that when you move to a new house, you must inform the loan bank of your new contact address and contact information in time.
Pay attention to six, to repay on time.
The borrower must pay attention to whether there are enough funds in his repayment account before the agreed repayment date every month to prevent the default from being punished by the bank and leaving a bad credit record in the bank.
Which floor should I buy for an apartment? Generally speaking, it is a good choice if you don't mind some traditional figures in China. Generally speaking, apartments with more than 8 floors are better. Good lighting effect, good air and quiet. I have also told my friends in detail the precautions for buying a house with a loan, mainly according to my income ability. Otherwise, in case of emergency, the impact of not repaying the loan on time is also very obvious. I hope the above content will be helpful to everyone.
How about the procedures of housing loan, provident fund and commercial loan portfolio loan?
First, the application process of portfolio loan to buy a house
1, application
The borrower applies for housing provident fund loans to the real estate credit departments of CCB in all districts and counties with a copy of the purchase contract and the developer's housing sales license, ID card, housing provident fund savings magnetic card and seal (marriage certificate or other proof of husband-wife relationship is required for couples to use housing provident fund loans), and fills in the Application Form for Individual Housing Provident Fund Loans (Combined Loans).
Step 2 review
According to the information provided by the borrower, the loan bank examines whether the borrower meets the loan conditions, calculates the loan amount and determines the loan term.
3. Sign a loan contract
After the loan bank examines the borrower's application, the borrower signs a loan contract and a mortgage contract with the bank (signing a pledge contract without housing guarantee).
4. Go through the loan guarantee procedures
After the signing of the loan contract, there are two ways to guarantee the housing provident fund loan (portfolio loan) to the relevant departments. The borrower can choose which one according to his actual situation.
(1) The borrower can mortgage its own, * * * own or third-party property.
(2) Pledge the securities recognized by the lending bank, such as national debt and bank time deposit certificate, and the borrower will hand over the securities to the lending bank for safekeeping.
5, housing mortgage insurance procedures.
After handling the mortgage or pledge formalities in the property right department, the loan contract, mortgage contract (pledge contract), house ownership certificate, mortgage certificate and other loan materials shall be submitted to the loan bank for home insurance formalities.
6. Sign the repayment agreement and transfer money.
If the repayment is made by withholding the savings card, the borrower will apply for withholding the savings card at the savings outlet and sign a withholding agreement with the lending bank, and the bank will transfer the money to the card selling unit; The borrower shall withdraw the repair and construction loan as agreed in the loan contract.
Second, the provident fund loan application process
1, application
Submit a written application for housing provident fund loan to the provident fund management center, truthfully fill in the application form for housing provident fund loan and submit the materials.
2. First trial
The provident fund management center conducts a preliminary examination of the applicant's materials, including the applicant's qualifications, loan amount, term, etc. After passing the preliminary examination, a Notice of Collateral Review and Evaluation will be issued.
Step 3 evaluate
After receiving the notice of mortgage review and evaluation, the applicant will take the notice to the designated evaluation institution to evaluate the value of the house to be purchased. If you can afford it, there is no need to evaluate it.
Step 4 review
The applicant shall go to the provident fund management center for loan review with the assessment report issued by the assessment agency and the preliminary examination materials required by the provident fund management center. Upon passing the examination, the Provident Fund Management Center shall issue the Notice of Investigation on the Entrusted Loan Guaranteed by the Provident Fund Management Center.
5. Guarantee procedures.
The applicant holds the evaluation report and goes through the guarantee formalities according to the guarantee method of his choice.
6. Sign a loan contract
After approval, the applicant can sign a loan contract, and the whole process is completed. It should be noted that the application for housing with provident fund loans must meet the requirement that individual urban workers and their units must continuously pay housing provident fund for one year.
Third, the commercial loan application process
1, application
After completing the house sales contract, you can submit materials to apply for a commercial loan from the bank. The materials to be submitted include ID card, household registration book, original and photocopy of marriage certificate; Foreign household registration needs to provide temporary residence permit or residence permit; Income certificate issued by the work unit; Sales contract, down payment invoice or receipt; Proof of salary or other assets in the past six months.
2. The bank is under investigation.
After the bank receives the application materials of the loan applicant, it will review the materials. The general review time of commercial loans is 15 working days (the specific time is subject to the bank notice), during which the telephone contact is kept open.
3. Bank verification and approval
This link is an important link in commercial loans, and the lending bank will verify the housing situation, the borrower's qualification and credit status.
4. Both parties shall go through relevant formalities.
After the loan is approved, open an account in the bank, apply for a debit card and sign a loan contract. At the same time, handle mortgage, guarantee, pledge, insurance and other related guarantee procedures. Important note: When signing a loan contract and handling the guarantee procedures, you must know the detailed rules in the contract, make clear your rights and obligations, and avoid unnecessary misunderstanding.
5. Banks issue loans.
After all the loan procedures are completed, the bank will transfer the loan funds to the account of the real estate developer, and the loan relationship will be established, and the lender will repay the loan according to the regulations.
Extended data:
I. Amount of housing loan:
1. residence: the maximum loan amount can reach 70%-80% of the appraised price.
2. Apartment: The maximum loan amount shall not exceed 60% of the appraised price.
3. Villa residence: The maximum loan amount shall not exceed 70% of the appraised price.
4. Commercial house: The maximum loan amount shall not exceed 60% of the appraised price.
Two. Loan repayment method:
1, average capital
It is to divide the total loan into equal parts during the repayment period, and repay the equal principal and interest generated by the remaining loans in the current month every month.
Monthly repayment amount = (loan principal/repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
Features: Because the monthly repayment amount is fixed and the interest is getting less and less, the lender is under great pressure to repay at first, but with the passage of time, the monthly repayment amount is getting less and less.
2. Equal principal and interest
During the repayment period, the same amount of loans (including principal and interest) will be repaid every month.
Monthly repayment amount = [loan principal × monthly interest rate ×( 1 monthly interest rate) repayment months ]=[( 1 monthly interest rate) repayment months]