Banks cannot issue loans across regions, but support users to apply for mortgage loans across regions. Cross-regional loans will have the problem of multi-head loans, which will increase the loan risk. Therefore, banks generally do not approve or even prohibit cross-regional loans, which are generally regarded as illegal loans by banks.

However, some banks have opened branches in this area, but not in another area. As long as the regulatory authorities agree, loans can be issued in neighboring areas.

Can foreigners borrow money from local banks?

First, foreigners can borrow money from local banks.

Usually, when applying for loans from banks, banks have strict requirements for borrowers. In addition to the basic personal credit information and work income, the borrower also needs to have a fixed local address and residence certificate. If the borrower meets the relevant loan requirements, even foreigners can get bank credit loans.

In addition, some banks have certain restrictions on borrowers' accounts. Borrowers had better go to several banks for comparison before applying for a loan.

Extended data:

According to different classification standards, there are many types of bank loans:

1. According to different repayment periods, it can be divided into short-term loans, medium-term loans and long-term loans.

2. According to different repayment methods, it can be divided into demand loans, term loans and overdrafts.

3. According to the purpose or object of the loan, it can be divided into industrial and commercial loans, agricultural loans, consumer loans and securities broker loans.

4. According to the different loan guarantee conditions, it can be divided into bill discount loan, bill mortgage loan, commodity mortgage loan and credit loan.

5. According to the different loan amount, it can be divided into wholesale loans and retail loans.

6. According to the different ways of interest rate agreement, it can be divided into fixed interest rate loans and floating interest rate loans.

Can a house bought in a foreign country be mortgaged in a foreign bank?

Yes, you can. Many banks support off-site mortgage loans. But generally speaking, there are certain access conditions for real estate in different places. Please consult the loan bank.

Houses applying for real estate mortgage loans have the following requirements:

The room age is less than 20 years.

The house covers an area of more than 50 square meters.

The house should have strong mobility, that is, the location of the house.

You can buy a mortgaged house, and your sales contract is of course valid. Because although his house was mortgaged to the bank, the ownership of the house has not been transferred and he has the right to sell it to others. But although you can buy a house, the house cannot be transferred. Even if the house is transferred, the bank can pursue it and claim that the transfer is invalid. The rights of the mortgagee should be protected in the security interest.