The mortgage can be borrowed for at least five months, but if it is only five months or 1 year, most banks will not accept it. After all, they can make little profit. The maximum loan amount is 80% of the total price or evaluation value (whichever is lower) of the house purchased (built or overhauled); The loan period is generally not more than 30 years. The loan interest rate shall be subject to the relevant interest rate policies of the People's Bank of China and China Banking Regulatory Commission. There are two repayment methods for housing loans with a loan term of more than one year: average capital repayment method and matching principal and interest repayment method.

What are the terms of mortgage loan?

1, legal status; A natural person who pays the housing provident fund in full and on time; Have a stable income, good credit and the ability to repay loans;

2. There are legal and effective purchase contracts, agreements and other documents required by the loan bank; More than 30% of the total price of the purchased house is self-raised and guaranteed to be used to pay the down payment of the purchased house.

3. There is an asset mortgage or pledge recognized by the loan bank, or (and) a legal person, other economic organization or natural person with sufficient compensation capacity as the guarantor; Meet the loan conditions stipulated by the local provident fund management department; Other conditions stipulated by the lending bank.