Of course. The maximum loan amount is 70% of the total house price.
Housing commercial loans generally require applicants to pay a minimum down payment ratio of not less than local regulations. The minimum down payment ratio of housing loans in most cities is 30%, which means that the maximum loan amount is 70% of the total house price. In addition, it will also be affected by the applicant's income, and the monthly housing loan payment shall not be higher than half of the borrower's income. If it is a second-home commercial loan, the maximum loan amount shall not exceed 40% of the value of the purchased property. Second-hand housing loan amount is also different, generally 70% of the loan evaluation price.
Commercial loan conditions for buying a house
The upper limit of the commercial loan for buying a house is illegal, which is related to the income and age of the lender. The conditions of the house purchase loan are:
1,18-a natural person aged 60 (Hong Kong, Macao and Taiwan and foreigners are also allowed).
2. Have a stable occupation, stable income and the ability to repay the loan principal and interest on schedule.
3. The borrower's actual age and loan application period shall not exceed 70 years old.
4. There are legal and effective contracts and agreements for the purchase, construction and overhaul of houses and other supporting documents required by the lending bank.
5. Self-raised funds of more than 30% of the total house price (20% for self-occupied houses with a building area of less than 90 square meters), and guaranteed to be used to pay the down payment of the purchased houses.
6. Mortgaging or pledging the assets recognized by the loan bank, or (and) using legal persons, other economic organizations or natural persons with sufficient compensatory capacity as guarantors.
For the above contents, please refer to People's Daily Online-Four Matters Needing Attention in Buying a House with Mortgage Loan.
How much can I borrow for mortgage purchase?
If the property under the lender's name meets the requirements of the bank for collateral, you can use the house as collateral and then apply for a mortgage loan in the bank. Generally speaking, if shops, office buildings, office buildings and other properties are used as collateral, the lender can get about 60% of the assessed price after comprehensive evaluation by the bank.
If the lender uses his own house as collateral, the bank will generally give more than 70% of the evaluation price. If the lender uses industrial buildings and other houses as collateral, the bank will generally only give about 50% of the evaluation price.
In addition, we need to remind everyone that the estimated amount given by the lender's own appraisal company is invalid. The appraisal price of the appraisal company approved by the bank shall prevail. If the lender applies for a loan with the house as collateral, if it is for consumer purposes, the amount shall not exceed 1 10,000.
That is to say, if the house under the lender's name is worth 5 million yuan and the lender applies for a mortgage loan, if the purpose is consumption, then the bank will give a loan amount of 6.5438+0 million at most. If the lender is used for business purposes or other purposes, it can generally apply for a loan amount of about 3.5 million.
This is Chen Cheng from Hangzhou Bank. I hope my answer can help you.
How much can the housing provident fund loan borrow?
If I use my housing provident fund to apply for a housing provident fund loan, the maximum loan amount is 400,000 yuan. At the same time, if the spouse's housing provident fund is used to apply for housing provident fund loans, the maximum loan amount is 600,000 yuan. If I use my housing provident fund to apply for a housing provident fund loan, I will normally pay the supplementary housing provident fund when applying for a loan, and the maximum loan amount is 500,000 yuan. At the same time, if the spouse's housing provident fund is used to apply for a housing provident fund loan, and the spouse or I normally pay a supplementary housing provident fund when applying for a loan, the maximum loan amount is 700,000 yuan. The actual loanable amount is subject to the amount finally approved by the management office. Most cities have stipulated the maximum amount of a single housing provident fund loan, which generally does not exceed 80% of the total housing price. Article 2 of the Regulations on the Management of Housing Provident Fund stipulates that these Regulations shall apply to the deposit, withdrawal, use, management and supervision of housing provident fund in People's Republic of China (PRC). The term "housing accumulation fund" as mentioned in these Regulations refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units and social organizations (hereinafter referred to as units) and their employees. Article 3 stipulates that the housing accumulation fund paid by individual employees and the housing accumulation fund paid for employees by the unit where the employees work belong to individual employees.
How much is the house loan?
Generally speaking, the final loan amount depends on your personal situation, and the final result is recognized by the bank. If it is a commercial loan, the first suite now requires a down payment of 30% and a loan of 70% is the upper limit. The final approval depends on income, bank flow, family situation, work unit, etc. These factors ultimately determine whether the bank believes that you have the ability to repay the loan.
If it is a provident fund loan, it depends on the deposit amount of the provident fund. The maximum amount of provident fund loans is 500,000 for one person and 800,000 for two people (at present, the maximum amount of Wuxi provident fund loans is 300,000 for one person and 500,000 for two people). The approval of the loan amount of provident fund is related to the monthly deposit amount of provident fund, age and housing age.
Extended data
Provident fund loan amount: the minimum value calculated according to the multiple of the storage balance, maximum loan amount and loan ratio of the housing provident fund account is the maximum loanable amount of the borrower. (Suspension of housing provident fund loans to employees' families for the purchase of third and above houses. )
Maximum loanable amount calculated according to the balance of housing provident fund account:
The calculation formula is: (balance of provident fund account ×2× monthly contribution of provident fund × statutory retirement months) × 22. The loanable amount calculated according to the maximum loan limit.
If one person applies for a housing provident fund loan, the maximum loan amount is 500,000 yuan, and if two or more people purchase the same house and apply for a housing provident fund loan, the maximum loan amount is 800,000 yuan.
Generally speaking, if there is no good investment method, it is understandable to give all the money on hand down payment, and the monthly supply is lower. However, there is no money at hand. From the perspective of interest rate, if the house transaction is 6,543,800 yuan+0,000 yuan, we can borrow 700,000 yuan, but the actual loan of 500,000 yuan is enough.
If you deposit money in the bank, the fixed interest rate for five years is 5.5%, and the interest rate for provident fund loans over five years is 4.9%. In other words, if you deposit the remaining money in the bank regularly and use the provident fund loan, you can earn 0.6% annual interest.
The interest rate of commercial loans over five years is 7.05%. Of course, the interest rate of time deposit is not enough to cover the cost of commercial loans, but if there are other investment returns, it can still be considered. Moreover, interest rates are also changing, and with inflation and other factors, the remaining money can play a greater role in the short term.
How much can I borrow to buy a house?
There are many types of loans in China banks, and the loan amount is different with different types of loans. If there is loan demand, it is recommended to contact local outlets for detailed consultation.
The above contents are for your reference. Please refer to the actual business regulations.