1. Installment payment: Installment payment means paying the total house price to the developer in installments without going to the bank for a loan. According to the requirements of various developers, as far as Beijing is concerned, it is generally divided into three parts: signing 30%, capping 60% (some developers have time requirements, such as within 3 months), and moving in 10%. This method is suitable for people who have certain economic strength and can't raise funds temporarily in the short term. The period of staging is generally within 1 year, and the longest period will not exceed 2 years. Usually I'm not interested.
2. Mortgage loan: refers to mortgage the house to the bank as collateral, borrow money from the bank through mortgage to pay the house price to the developer, and after approval, directly transfer the money to the developer's account, and then repay the money to the bank in installments. If the loan cannot be repaid for personal reasons during the repayment period, the bank has the right to auction the mortgaged house. This method requires less capital, but there will be loan interest.
Ping An Bank provides housing mortgage loans. The basic conditions of the loan can be referred to as follows:
1. China citizens, Hong Kong, Macao and Taiwan people and other foreigners who can provide legal and valid identity documents (Hong Kong, Macao and Taiwan people and other foreigners can only buy 1 apartment in China for self-occupation, and must provide proof that they have worked in China for more than 1 year and promise that they have no other housing in China);
2. Age 18-65 (inclusive), borrower's age+loan period ≤ 70;
3. No personal bad credit record;
4. Have a fixed residence and a stable source of income from work;
5. Other conditions required by local outlets shall be subject to the actual handling of outlets.
Tips: Whether the loan can be approved successfully is evaluated according to your comprehensive qualifications. You can log in to Ping An Pocket Bank APP- Finance-Loan for details and try to apply.
Reply time: 2022-0 1-06. Please refer to the latest business changes announced by Ping An Bank in official website.