Apartment loans do not affect the loan interest rate and down payment ratio for purchasing a residence. However, if the apartment loan is not repaid and you take a residential loan, the bank will require income flow based on the individual's debt situation. Apartment loans are not directly related to residential loans and will not be included in the number of residential loans.

Will the apartment occupy the number of house purchases?

Business apartments with 40 or 50-year property rights will not occupy the number of house purchases, but residential apartments with 70-year property rights will occupy the number of house purchases!

What is the difference between business apartments and residential apartments?

1. In terms of land use nature

The land use nature of residential apartments is actually residential land.

The land use nature of business apartments is actually commercial land or comprehensive land.

2. Bank mortgage loan down payment ratio

For residential apartments, the down payment for the first home is 30%, and the maximum mortgage term is 30 years.

Business apartments, with no purchase or loan restrictions, 50% down payment, and a maximum mortgage term of 10 years.

3. Provident Fund Loans

Residential apartments can use Provident Fund loans.

Business apartments are non-residential buildings and cannot apply for provident fund loans.

4. Settlement and degree

Residential apartments that meet the conditions can settle in and have a degree.

You cannot settle in a business apartment without a degree.

5. Cost of living

The water and electricity in residential apartments are in accordance with civil standards, the property management fees are generally low, and gas can be connected.

The water and electricity in business apartments are in accordance with commercial standards, and the property management fees are generally higher. Most business apartments cannot be connected to gas.