Replacement loans mainly refer to replacement personal housing loans, which are mainly used in commercial housing loans at present. They are loans issued by banks to borrowers who paid in full when purchasing commercial housing, which are used to replace their non-loan debts in the previous period and set mortgage on the housing.

There is no such term as "replacement loan" in the types of credit products of banks. Replacement loan describes the loan from the perspective of loan use.

two understandings of replacement loans, "one is that after an enterprise repays the loan with its own funds, it will be filled by loans from other banks, and the other is to repay the loan from another bank", which represent two different purposes of replacement loans. If we trace back to the source, the essence of the two replacement loans is the same, both of which are to replace the loan from another bank with the loan from one bank. However, if we think about it carefully, they are the same. Extended information

1. To apply for a replacement personal housing loan, the following conditions are required:

(1) The borrower has the ability to repay the principal and interest of the loan, and the ratio of repayment amount to income in each installment of the loan is below 5% (including 5%), and the ratio of all debt expenditures to income in each installment is below 55% (including 55%);

(2) The mortgaged property is the commodity house purchased by the borrower, and the corresponding land property is state-owned. The property ownership certificate obtained does not exceed the fixed number of years specified by the Agricultural Bank, and it can enter the third-tier real estate market for trading, and no other mortgage rights have been set; Do not accept serviced apartments as collateral;

(3) The service life of the land use right corresponding to the collateral shall not exceed 15 years.

2. The maximum loan amount is 7% of the value of the collateral.

3. The loan term, loan interest rate and repayment method of the replacement personal housing loan shall be subject to the relevant policies of personal housing loan.

Baidu encyclopedia-replacement loan