And housing loans can choose to handle commercial loans, provident fund loans or portfolio loans. Because the provident fund cannot be used to buy facades, the loans for facades are generally commercial loans.
What is the loan interest rate for the facade house?
As for the interest rate of facade housing loan, it should be based on the LPR of the corresponding period as the pricing benchmark, because it is generally used for commercial loans. The quotation of LPR is: 1 year 3.7% and 5 years or longer 4.6% (quotation will be repeated every month). As for the basis point to be added, the regulations of each bank may be different.
The general annual interest rate will be around 5%, and the specific interest rate will be subject to the signed contract. Customers can also consult the staff of banks/lending institutions in advance, or shop around and choose the one with more favorable interest rate.
How many years can I borrow a facade house loan?
1. The longest term of individual commercial housing loan is 10 year. Where there are stricter provisions in relevant laws, regulations, regulatory provisions or national policies, those provisions shall prevail;
2. The loan period for individual commercial houses shall not exceed the remaining use period of the construction land occupied by the collateral;
3. Personal second-hand commercial housing, the sum of the loan period and the age of the house shall not exceed 30 years in principle (including office space not exceeding 20 years);
4. The sum of the loan term and the borrower's age shall not exceed 65 years old in principle, and the middle and high-end customers who meet the requirements of BOC may be extended to 70 years old. Due to differences in business in individual regions, it is recommended to contact local outlets for detailed consultation.