A housing mortgage consumer loan means that the borrower pledges a house owned by himself or others (such as relatives, friends, colleagues) as a mortgage, and applies for a loan from the bank. The loan can be used for various consumption purposes, such as buying a house, Decoration, car buying, going abroad, traveling, studying abroad, etc. It can also be used for various capital turnover and business purposes. The properties targeted by housing mortgage consumer loans are those that have property rights and currently do not have other mortgage rights. After applying for a loan, the borrower can repay the monthly payment just like a home mortgage. The loan term is usually around 10-15 years, and the longest loan term can be up to 20 years. In terms of interest, the interest on real estate mortgage consumer loans follows the bank's housing loan interest rate for the same period, and discounts or moderate increases are given based on the customer's credit status.

Legal Basis

Article 545 of the "People's Republic of China and Civil Code" Transfer of Creditor's Rights A creditor may transfer all or part of its creditor's rights to a third party, but Except for one of the following circumstances: (1) The creditor's right cannot be transferred according to its nature; (2) It cannot be transferred according to the agreement of the parties; (3) It cannot be transferred according to the legal provisions. If the parties agree that non-monetary claims may not be transferred, they may not fight against a bona fide third party. If the parties agree that the monetary claim shall not be transferred, they shall not fight against a third party.