I believe the term "down payment loan" is familiar to many people. After all, there are many similar products on the market, especially in first-tier cities like Beijing, Shanghai, Guangzhou and Shenzhen where the pressure to buy houses is huge. Using "down payment loan" "There are also many people who are waiting for similar products. So, does Shenzhen Bank offer "down payment loan"? What exactly is a “down payment loan”? Are there any risks in using "down payment loan"? Let’s take a look.

Does Shenzhen Bank have “down payment loan” products?

Even though "down payment loan" has a certain reputation among home buyers, many banks in Shenzhen also said that "we do not have a 'down payment loan' product." After investigating the reason, we found out that this is Because bank loan business risk control is particularly strict. Moreover, due to the continuous decline in mortgage interest rates, longer loan cycles, and gradually smaller profit margins, some small and medium-sized banks have rarely carried out mortgage business.

In fact, it is not surprising that Shenzhen Bank does not have a "down payment loan" product, because the down payment ratio of personal housing loans has always been uniformly regulated by the central bank. Logically speaking, you cannot apply for a down payment loan. If banks launch "down payment loan" products, it would be equivalent to "singing against" the central bank, which is obviously not allowed.

What exactly is a “down payment loan”?

Generally speaking, a "down payment loan" is actually a down payment loan that a home buyer applies to some financial institutions or wealth management companies because they cannot collect enough down payment. After these institutions accept the home buyer's "down payment loan" application, Some investors will be found to bid, forming a business model of "three parties benefit, two parties benefit, and one party pays interest".

In the final analysis, "down payment loan" is a financial product for the investor, who lends the money and then charges interest, and it is a financial solution for the party applying for the loan. Since there is not enough down payment, then use a loan to achieve the purpose of buying a house.

However, "down payment loans" generally do not lend money to home buyers with a full down payment, which is at most between 15 and 20 of the house payment, and the interest rate is relatively high and the loan period is relatively short. , usually three years, which means that home buyers will be under great pressure to repay.

Are there any risks in "down payment loan"?

"Down payment loans" mostly exist in private loan financial institutions, so they are relatively lacking in "standardization". It is easy for some institutions to use loans to make huge profits. Many home buyers have Possibility of being deceived.

In addition, according to common sense, down payment loans are not allowed. Although the policy does not clearly indicate this, "down payment loans" still have certain policy risks and may be stopped at any time. .

Another point is that due to the emergence of "down payment loan" products, the threshold for home purchase has been lowered, and more and more people have joined and left the home-buying army, which has increased housing prices to a certain extent. It is not conducive to the healthy development of the property market.

Now, do you have a certain understanding of "down payment loan"?

(The above answers were published on 2016-03-04, please refer to the actual current relevant home purchase policies)

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