If you borrow from China Merchants Bank, the maximum loan/credit period for the first-hand property is not more than 3 years, and your loanable period will be determined by the handling bank after you submit relevant information; For details, you can contact local outlets for consultation. The longest loan/credit period for second-hand buildings shall not exceed 3 years, and the age of the purchased property (referring to the completed years of the property) shall generally not exceed 2 years, and the longest loan period plus the age of the mortgaged property shall not exceed 4 years in principle.

Procedures and procedures for buying a house by loan

(1) Basic conditions for commercial housing mortgage loan

1. The borrower has a stable occupation and income, good credit and the ability to repay the principal and interest of the loan:

2. The purchased house is located in a town (including urban area, county town and big market town) and in principle is the borrower's current residence or place of work and business: < p And the down payment ratio stipulated by the bank has been paid, with the minimum being more than 3%:

4. The loan amount is determined according to the borrower's credit status, occupation, education level, repayment ability and liquidity of the purchased house.

5. Agree to go through the mortgage registration of pre-purchased commercial housing first, and promise to use the purchased housing as mortgage and go through the mortgage registration formalities again after the completion of the purchased housing and obtaining the real estate title certificate:

Legal basis:

Article 9 of the Interim Measures for Personal Loans, the lender shall establish a reasonable control mechanism for the borrower's income and debt repayment ratio, and reasonably determine it in combination with the borrower's income, liabilities, expenditure, loan purpose, guarantee and other factors.