1. After the Shanghai New Deal was implemented on March 25, 2016, the minimum down payment requirements for ordinary second-home loan portfolios were improved

For households that own one house, in order to improve living conditions, the If you apply for a commercial personal housing loan to purchase an ordinary owner-occupied house, the down payment ratio shall not be less than 50%; if you purchase a non-ordinary owner-occupied house, the down payment ratio shall not be less than 70%.

2. What are the procedures for portfolio loans in Shanghai?

The procedure for purchasing commercial housing and affordable housing in Shanghai and applying for personal housing provident fund loans (portfolio loans) can be divided into seven steps:

Step 1: Go to the lending bank to submit a loan application

The borrower goes to the CCB Real Estate Branch in each district or county with a copy of the house purchase contract and the developer’s house sales license, ID card, housing provident fund savings card, and seal. The credit department applies for a housing provident fund loan (if you use a housing provident fund loan for both spouses, you must also bring a marriage certificate or other proof of the relationship between husband and wife) and fill out the "Personal Housing Provident Fund Loan (Portfolio) Loan Application".

Step 2: Bank review

The lending bank will assess whether the borrower meets the loan conditions based on the information provided by the borrower, calculate the loan amount, and determine the loan term.

Step 3: Go to the lending bank to sign a loan contract

After the lending bank reviews the borrower's application, the borrower signs a loan contract and a mortgage contract with the bank (if a mortgage is not required, a house guarantee is required) contract).

Step 4: Go to the property rights department to handle loan guarantee procedures

There are two guarantee methods for housing provident fund loans (combination loans), and borrowers can choose one of them according to their actual situation. Any kind.

1. The borrower can use his or her own property, or a third-party property as a mortgage.

Purchase commercial housing or affordable housing (the property ownership certificate has been obtained) and use the property purchased and built To apply for a mortgage on a house, take the borrower's ID card, original advance payment receipt, name seal, loan contract, and mortgage contract, fill in the "Tianjin Housing Other Rights Application Registration Form" and stamp it with the borrower (mortgagor) and the lending bank (Mortgagee), go to the property rights management department where the house is located to apply for the "Other Property Rights Certificate".

If the borrower uses an off-plan house as a mortgage (without obtaining a property rights certificate), he or she should take the above materials to the property rights management department of the district or county real estate bureau where the house is located to apply for the "Tianjin Real Estate Mortgage Certificate".

2. Use treasury bonds, bank time deposit certificates and other securities recognized by the lending bank for pledge, and the securities held by the borrower will be handed over to the lending bank for safekeeping.

Step 5: Apply for housing mortgage insurance

After the borrower goes to the property rights department to complete the mortgage or pledge procedures, together with the loan contract, mortgage contract (pledge contract), and other housing items The loan information such as warrants and mortgage certificates must be submitted to the lending bank for house insurance procedures.

Step 6: Sign the repayment agreement and transfer the funds

If the repayment is repaid by debiting the savings card, the borrower should go to a CCB savings outlet to apply for the repayment and deduct the savings card, and Sign a withholding agreement with the lending bank. If the unit is entrusted to withhold the repayment, the unit shall sign an agreement with the lending bank.

Step 7: Bank transfer

3. Help expert: First house in Kunshan, mixed loan, want to sell and buy in Shanghai, consult provident fund loan to buy a house

I just handled it at the real estate trading center in my district. It's not a loan of 300,000 yuan, and the interest rate is 4 points.

It depends on how much your down payment is. If the provident fund of 600,000 for two people is not enough, you will need to apply for a commercial loan.