Housing loan refers to a loan that an individual pays a certain proportion of down payment when purchasing a house with property ownership certificate and a house or commercial house that can be traded in the market, and the rest is applied to a cooperative institution with the property to be purchased as collateral.
Consumer loans, also known as consumer loans, mainly refer to personal loans for studying abroad, decorating houses, buying durable goods or even buying a car. In terms of types, consumer loans include residential mortgage loans, non-housing loans and credit card loans. It has the characteristics of wide consumption purposes, high loan amount and long loan period. Similar to subprime loans.
Housing mortgage loan is precisely a housing mortgage loan, which is a bank commercial loan with the purchased house as collateral.
Consumer loans, loans from commercial banks based on personal credit, are now only handled by civil servants or institutions.
There are obvious differences in interest rates and duration between the two.
What is the maximum amount of housing loan?
If the personal loan amount is sufficient, the mortgage loan amount is 70% of the appraisal price. (The specific amount varies from bank to bank. If the loan amount is not enough for housing loan, the loan amount shall prevail. The loan amount depends on the following factors:
1. Due to the influence of the down payment ratio of loans, the amount applied for bank loans usually cannot exceed the difference between the total house price minus the down payment. The down payment ratio will be adjusted according to the property market. Restricted cities and non-restricted cities will be different, and different banks in the same area may be different. It is recommended that buyers fully understand the bank mortgage policy of the place where they buy the house and choose a suitable bank to apply for a loan.
2. The repayment ability mainly refers to the monthly income of the lender, because the monthly income directly reflects the repayment ability of the borrower. The relationship between loan amount and monthly income can refer to the following formula: monthly income ≥ monthly mortgage repayment X2.
3. When the bank issues loans, it will review the age of the loan house. Usually the requirement is 20-25 years, 30 years for a looser house and 15 or 10 years for a stricter house. The loan amount of second-hand houses with older houses may be reduced. In strict banks, loans will be refused. It can be said that the shorter the house age, the easier it is to get a loan, and the loan amount is higher than that of an older house.
4. Personal credit information can be said to be one of the important criteria for banks to consider borrowers. Good credit information is a prerequisite for obtaining preferential interest rates and loans. Some banks will look at the credit card credit records of borrowers within two years and the loan credit records within five years. Some banks will look at the credit records for a longer period of time, and the requirements are different. Serious overdue credit reports for three consecutive times and six times in total may lead to loan rejection.