It won't do you any harm to repay the loan on time and not overdue.

As long as you have the repayment ability, you can operate at home. If the bank repossesses the property in case you don't pay, you will be listed as a black account and it will be difficult to get a loan in the future. So be sure to keep the repayment well, otherwise it will have an impact on your credit history in the future. Other effects are gone.

The state will restrict individuals from selling houses, so if there is more than one set, the bank will stipulate that the interest rate will rise and the life will be shortened.

For example, Minsheng loan: the first loan, the loan interest rate fell by 30%; The down payment of the second loan is 40%, and the interest rate rises10%; The third set of down payment is 42%, and the interest rate rises12%; The fourth set of down payment is 44%, and the interest rate rises14%; The fifth set is 46%, and the interest rate rises 16%.

The average bank requires that the monthly income of the loan is twice the monthly repayment amount.

If you want to borrow this loan, you can borrow it twice in the past 20 years and pay back more than 8 thousand a month.

Only when the monthly income is around 1W6 can it be approved by the bank.

Second, with a commercial loan, can I withdraw the provident fund every year?

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Commercial loans can withdraw provident fund every year. The first withdrawal must be completed once and reported to the credit bureau. Then you can set the withdrawal time according to your own needs. However, there are restrictions on the number and amount of withdrawals each year. Because different regions have different policies to withdraw provident fund, commercial loans can withdraw provident fund at least once a year, and the amount of one-time withdrawal of provident fund cannot exceed the sum of one-year supply of commercial loans. The extracted funds need to be used for repayment of loans, not for investment and financial management.

3. Is there a limit on the number of commercial loans for buying a house?

Hello! The purchase of residential housing, the third set of commercial loans is limited; But for the purchase of shops, there is no such provision. You can still borrow money as long as you have enough repayment ability.

4. Is there a limit on the number of commercial loans for buying a house?

There is no limit.

The commercial loan process is: 1. The borrower pays 30% of the house purchase price;

2. Submit relevant materials to the law firm for review;

3. After receiving the "Legal Opinion" issued by the approved law firm, the bank signs a contract with the purchaser;

4. According to relevant information, handle mortgage registration, home insurance, contract notarization and other procedures, and issue loans.

5. The borrower repays the loan by equal repayment. For the outstanding loan principal, the borrower can repay the principal and interest in one lump sum. No fines will be charged.