Can China Merchants Bank now accept second-offset housing?

Our bank accepts commercial housing or commercial buildings with clear property rights and strong liquidity as collateral, and must meet the following conditions:

① The assessed present value is ≥ 100,000;

② Properties that have been vacant for more than 3 years are not accepted;

③ The mortgaged property and the agency must be in the same city, and mortgages from other places are not accepted;

④ Already have property rights Certificate, can be marketed and circulated and can handle mortgage registration, and there is no dispute over property rights;

⑤ There is no dispute and it is not within the scope of demolition planned by the government;

⑥ The age of second-hand housing loans is average It shall not exceed 30 years, and the age of other types of loans shall not exceed 20 years.

Warm reminder

To find out whether your property meets the conditions, please contact the personal loan department of the local outlet for consultation

(Response time: April 1, 2022, Please refer to the official website of China Merchants Bank for the latest business changes.) Hello, I would like to ask if I can apply for a second mortgage loan for a house mortgage handled with China Merchants Bank?

As of August 28, 2020, you cannot apply for a second mortgage loan for a house mortgage handled with China Merchants Bank.

Properties that have been mortgaged cannot be used as mortgage again to apply for loans. The houses used for second mortgage loans should be high-quality housing and commercial buildings with great market development potential. The home used for a second mortgage on a personal home must be an existing home. The house is a first-hand house purchased using a Bank of China mortgage loan.

The house mortgage registration has been completed, and our bank is the mortgagee of the house. The house has been insured, and the original insurance policy is in the custody of Bank of China. The house is in a superior location, with convenient transportation and complete supporting facilities, and has great potential for appreciation.

Extended information:

The introduction of secondary mortgage loans is as follows:

Because banks or small lending institutions are under greater pressure, secondary mortgage loans are becoming increasingly popular. Therefore, when applying for a second mortgage loan, the loan interest rate has always been very high, and the loan interest rate is calculated based on the month. Under normal circumstances, the monthly loan interest rate for a second mortgage loan is about 5% of the loan amount.

The loan cost that borrowers need to pay is relatively high, and the time for use of funds is also limited. Many guarantee companies stipulate that the maximum loan period is half a year, while some are less than half a year. Banks have particularly strict requirements during the repayment process of second mortgage loans.

People's Daily Online - "Get a loan if you own a house" has sparked heated discussions about the "second mortgage" on real estate that can only be used for consumer operations

People's Daily Online - Banks' push for second mortgages on real estate has raised concerns about second mortgages on real estate. Which bank can apply for a sub-mortgage loan?

1. Industrial and Commercial Bank of China and China Merchants Bank can apply for "second mortgage" loans, but the borrower is required to apply for the first mortgage at our bank;

2. Bank of Jiangsu, Industrial Bank, Ping An Bank and China Minsheng Bank can accept second mortgage loans from non-bank customers.

1. Required conditions for application:

1. Whether the real estate certificate has been applied for;

2. Whether there is still room for loan for the mortgaged property.

2. Suggestions for choosing a bank:

1. Industrial Bank: Industrial Bank’s second mortgage loan period is currently the longest among all banks and can last up to 30 years. Other banks generally can only do this business for 5-20 years. If you want to take out a longer-term second mortgage, it is recommended to choose Industrial Bank.

2. Ping An Bank: Ping An Bank has always been "generous". The same is true for second mortgage business. If borrowing is more focused on the loan amount, Ping An Bank is a good choice. The loan limit can reach 75% of the loanable space of the property.

3. Bank of Jiangsu: In the second mortgage loan business, Bank of Jiangsu has no restrictions on which bank the borrower’s first mortgage can be processed, and the funds can be recycled within five years after the second mortgage loan. It can be borrowed and returned at any time, which is relatively flexible and convenient. Can China Merchants Bank provide a second mortgage loan on real estate certificate?

China Merchants Bank currently cannot make a second mortgage, and you cannot apply for a second mortgage loan for a house mortgage that has been handled by China Merchants Bank.

The second mortgage of the real estate certificate can be processed through a good market loan platform. Morron is very good. This platform does not mortgage loans and can disburse the loan in as fast as one day. You can also apply at apartment stores. No mortgage car loan, disbursement in as fast as 2 hours.

The material requirements for applying for a second mortgage are as follows:

1. Loan application form (in duplicate);

2. Original and copy of ID card ( One copy), the original and copy of the household registration book (one copy). Married persons should provide proof of marriage and a copy of the spouse’s ID card (one copy each);

3. Prove that the borrower has the ability to repay the loan. Credit materials for the source of the loan and repayment ability, such as salary certificates, tax receipts, bank books (slips), securities, investment certificates, and proof of other property ownership;

4. Or the original and copy of the letter of intent (one copy each);

5. Evaluation report of the real estate;

6. If other mortgages (pledges) are provided as phased guarantees, the mortgage or pledged property shall be submitted List, ownership certificate, and written statement from the person with the right to dispose of the property, including the spouse, agreeing to the mortgage or pledge.

If you want to know more about second mortgage loans, it is recommended to consult Moore and Dragon. Morron not only has three major commitments: employees are strictly prohibited from collecting earnest money privately; customers do not need to pay liquidated damages; and standard services will never charge a penny. There are also eight major guarantees: financial security, from licensed institutions; professional loan assistance, 0 down payment and no tricks; customer first, sincerity for peace of mind; refuse to disclose, protect your privacy; operate legally, provide formal invoices; post-loan management, Protect personal credit; be open and transparent, all business can be checked; adhere to integrity, do not make false promises, and have a high reputation in the industry.