According to the notice issued by the People's Bank of China and the China Banking Regulatory Commission, if you own a house in a non-restricted city and the corresponding housing loan has not been settled, the minimum down payment ratio for re-applying for a commercial housing loan to purchase an ordinary house in order to improve the living conditions is not less than 30%. For cities that implement the "purchase restriction" measures, individual housing loans are still implemented according to the original regulations. Some regions will adjust the minimum down payment ratio of commercial housing loans for the second suite, so the down payment ratio of commercial housing loans for the second suite needs to be implemented according to the specific policies of each region. In a non-restricted city, if you own a house and the corresponding housing loan has not been settled, you can apply for a commercial housing loan to buy ordinary housing again to improve your living conditions, and the minimum down payment ratio shall not be less than 30%. In some areas, the minimum down payment for the second suite will be adjusted to not less than 50%-70% (such as Sichuan Province), and the down payment ratio for the second suite will be implemented according to the specific policies of each region. For cities that implement the "purchase restriction" measures, individual housing loans are still implemented according to the original regulations. In cities that do not implement the "purchase restriction" measures, households purchase ordinary housing for the first time and apply for commercial personal housing loans. In principle, the minimum down payment ratio is 25%, which can be lowered by 5 percentage points in various places; For households that own 1 apartment and the corresponding housing loans are not settled, in order to improve their living conditions, they should apply for commercial personal housing loans to buy ordinary housing again, and the minimum down payment ratio should be adjusted to not less than 30%.

If you buy a commercial house, the down payment ratio of the second suite is 50%, and if you buy the second suite with the provident fund, the down payment ratio is 60%. However, local policies are different, so you need to pay more attention to relevant policy information.

Legal basis: Article 667 of the Civil Code (Definition of Loan Contract) A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.