What is farmers' housing loan?
According to official website, Agricultural Bank of China, the "farmers' housing loan" product is the first mortgage loan product specifically for farmers to buy houses in cities in China, with the purpose of satisfying farmers' housing purchases in cities.
What are its advantages?
The characteristics of farmers' family loans mainly include the following points:
1. In view of the housing needs of farmers, a special group, and lowering the threshold for buying houses, farmers have their own evaluation criteria for buying houses. Although it is not explicitly stated, it is definitely different from the evaluation standard of urban workers.
2. Income recognition is more flexible. Farmers can prove their income by issuing income certificates, or joining the income stream of banks, or increasing the credit certificates of policy financing guarantee institutions.
3. The loan cost has been reduced. The Agricultural Bank of China made it clear that loans with a down payment ratio of 30% or more will enjoy preferential interest rates. Reduce the loan cost of farmers.
4. Flexible repayment. The income of farmers is not as stable as that of the working class. According to the characteristics of farmers' income fluctuation, ABC can choose monthly, quarterly, semi-annual and annual repayment frequency.
5. Farmers are exempt from liquidated damages for prepayment. Under normal circumstances, banks will impose fines on early repayment of mortgage loans.
Characteristics of farmers' family loans
In principle, the housing area shall not exceed 144 square meters (excluding), which is to support the demand of ordinary housing.
The key point for farmers to buy a house is to ensure a stable income. While creating favorable conditions for loans, it is very important to ensure that farmers have a stable income to support loans.
(The above answers were published on 20 16-02-22. Please refer to the actual situation for the current purchase policy. )
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