1. Agree to use the purchased house as mortgage guarantee.

2. The age of the borrower plus the loan period shall not exceed 65 for men and 60 for women.

3. Have full capacity for civil conduct, and have permanent residence or valid residence status in China.

You must pay a down payment of not less than a certain percentage of the total price of the house purchased.

5 have a stable job and economic source, good credit, and the ability to repay the principal and interest of the loan.

6. A house purchase contract or agreement has been signed.

What are the procedures for foreigners to buy a house loan?

1. The borrower shall fill in the Application Form for Personal Housing Loan of XX Bank and provide relevant information. Information includes: resident identity card or other valid documents; Proof of the borrower's economic income or solvency; A contract or agreement to buy a house, etc. The relevant information provided by the borrower to the bank must have the original and three copies.

2. The lending bank shall review and evaluate the authenticity, legality and feasibility of all documents and materials submitted by the borrower, and give the applicant a reply within the specified working days (the number of working days for reply varies from bank to bank).

3. After the lender agrees to the loan, the borrower signs a loan contract with the borrower, and goes through the guarantee procedures such as pledge contract, mortgage contract or guarantee contract according to the loan guarantee method.

4. After the loan contract is signed, the lender must go through other procedures such as insurance, mortgage registration, contract notarization, etc. according to national laws and regulations and relevant bank regulations.

5. The borrower and the borrower determine the loan amount and term according to the loan contract. Generally speaking, the amount of commercial loans for individual housing is relatively high, not exceeding 70% of the value of the purchased housing, and the longest loan period is not more than 30 years.

6. After the approval of the bank, the loan will be issued. The borrower opens an account in the bank and pays the down payment (generally 30%) for the house purchase. The house purchase agreement takes effect and the borrower begins to repay the principal and interest on schedule.