In the past, rural land and houses were limited to collective nature and could not be mortgaged, making it difficult for farmers to obtain loans. Loans can only be guaranteed by joint households, and the threshold and interest rate are relatively high. Now that you have the land ownership certificate, you can use it as the real estate license in the city. When farmers have financial difficulties, they can apply for mortgage loans from banks, usually rural commercial banks (formerly rural credit cooperatives) and agricultural banks.

How much can I borrow for an acre of land?

There is no specific standard for the loanable amount of an acre of land, depending on the local land price. For example, when the local land transfer rent is 500 yuan/mu/year, the time for the second round of contracting varies slightly from place to place. There are still 10 years left, and an acre of land is worth 5,000 yuan, and the mortgage loan can be almost 3,000 ~ 4,000 yuan.

Matters needing attention in land ownership certificate loan

Try not to use the land ownership certificate as a loan. If the loan cannot be repaid on time, the bank has the right to auction the land ownership certificate. Once auctioned, the land ownership and use right will no longer belong to you.