1. What are the types of housing loans? 1. Personal housing loan.
Personal housing loan is a loan issued by the bank to the borrower, which must be used for buying a house for self-occupation and cannot be used for other purposes. Applicants for loans must have a guarantor when applying for a mortgage, otherwise they cannot apply.
2. Self-operated loans
Self-operated loans are loans issued to individual property buyers with bank credit funds, also known as commercial mortgage loans. The name of building a private house with a bank loan is different from that of a bank private mortgage loan.
3. Portfolio loan
This kind of loan is generally a combination of housing provident fund deposit and credit fund loan to buy self-occupied ordinary housing, which is a combination of personal housing entrusted loan and self-operated loan. There are three ways of mortgage repayment: equal principal repayment, equal principal and interest repayment and biweekly repayment.
2. What are the loan terms? It is not enough to know the types of housing loans. We also need to know what conditions qualify for a loan, so that we can get twice the result with half the effort.
1. China citizens with permanent residency in China or valid proof of residence and loan location, and citizens over 60 years old 18.
2. Have the ability to repay the loan principal and interest on schedule;
3. Have a good credit record and willingness to repay, and no bad credit record;
4. Do not leave bad records in the bank.
5. The monthly income is more than 2,000 yuan.
When applying for a loan, you must meet the above conditions before you can get a loan.
Now housing loans have brought many benefits to people, and they are no longer worried about not being able to afford a house. Housing is no longer a stumbling block to your marriage, and buying a house is no longer out of reach.