The number and years of commercial loans are based on your total purchase price and the age and income of the buyers. Generally speaking, the first suite is up to 70% of the total loan price, and the second suite is up to 40%. According to the age of the borrower, the general age plus the loan period does not exceed 65 to 70. Generally, you can't apply for a commercial loan when you are 60-65 years old. Generally, after a five-year delay, you can borrow 65,438+00 years, but the specific loan amount varies with age and local bank policies, depending on the bank. Generally speaking, the first suite is up to 70% of the total loan price, and the second suite is up to 40%. According to the age of the borrower, the general age plus the loan period does not exceed 65 to 70.
The mortgage loan term of commercial banks is different. Generally speaking, the longest loan period is 30 years. Individual banks also have some other requirements. For example, the Agricultural Bank of China stipulates that the borrower's age plus the loan period shall not exceed 65 years. The Bank of China stipulates that the longest foreign exchange loan shall not exceed 8 years. The loan amount of each bank is different, but generally speaking, the loan amount is not higher than 80% of the value of the house to be purchased or the actual purchase cost assessed by the real estate appraisal agency (whichever is lower). The loan interest rate is determined according to the benchmark level and floating range stipulated by the People's Bank of China, and the interest rate is determined once a year. Reference laws: Measures for the Administration of Personal Housing Loans by China People's Bank, Measures for Personal Housing Loans by China Construction Bank and Measures for Personal Housing Loans by China Industrial and Commercial Bank.
If you want to buy a house of about 2.2 million yuan, you can pay a down payment of about 6.5438 million yuan plus a provident fund loan of 400,000 yuan, so there is still a vacancy of 800,000 yuan. My family still has real estate in other cities, and it may take 654.38+0 years to sell it. Can I use a commercial loan to fill this gap? Is there an upper limit for commercial loans? Can I borrow more commercial loans from the bank through real estate mortgage? Thank you.
(1) Whether you can use commercial loans to fill it is definitely possible in theory, but it depends on your own credit status (whether your previous loan records are in line with the current loan policy), (2) the amount of commercial loans is limited, and (3) the commercial loans applied for by real estate mortgage are definitely less than those applied for by housing mortgage, and the interest rate is higher.
According to the latest regulations of the People's Bank of China, the maximum loan amount shall not exceed 80% of the total house price or the appraised value of the house purchased. However, in the actual operation process, each project will be different due to the economic strength of the developer, the construction situation of the project and the personal economic situation. In order to attract customers, the bank has extended the loan period to 30 years. As long as the loan term and age add up to no more than 70 years, that is, people under 40 can generally apply for a 30-year loan. For those who are well-funded and willing to invest, long-term loans are more favorable. You can borrow long-term funds and make short-term investments abroad at the same time, and the return is enough to repay long-term loans and have a surplus. For people who are short of funds, they have no more money to invest other than repaying loans, so they should first consider avoiding spending too much interest and borrowing in the short to medium term (10- 15) is more appropriate. Bank of Beijing can now realize partial or full prepayment. If the income of the purchaser increases, part of the loan principal can be repaid in advance or the loan principal and interest can be repaid at one time. If prepayment is required, an application shall be submitted to the bank 15 days in advance, and an amendment agreement shall be signed with the lending bank after approval. For partial repayment in advance, CCB stipulates that it must repay an integral multiple of the monthly repayment amount. From the end of 1997, ICBC began to handle the prepayment business at any time and at any amount (exceeding the repayment amount).
After knowing how many years and how many commercial loans you can borrow, it is more important for those who need commercial loans to make a good distribution according to their actual age and loan amount.