Second-hand housing loans are determined according to the borrower's personality, occupation, education level, repayment ability, liquidity of purchased housing (including mortgaged housing) and other factors. Specifically, there are several points:

(1) Male's actual age plus loan period is less than 65 years old, female's actual age plus loan period is less than 60 years old, China nationality, unlimited household registration, no criminal or non-performing loan record, and stable income;

(2) Permanent residence of urban residents with full capacity for civil conduct or legal and valid identity documents, age18;

(3) If there is a second-hand house sales contract, pay a down payment;

(4) have a stable occupation and legal income, good credit, and the ability to repay the principal and interest on schedule;

(5) When applying for a loan, the purchaser has its own funds not less than 20% of the purchase price;

(6) When the borrower agrees to use the purchased house and its rights and interests as collateral, or the borrower fails to provide the mortgaged (pledged) things in full, a unit or individual recognized by the lender and meeting the specified conditions and having sufficient compensatory capacity will serve as the guarantor to repay the principal and interest of the loan and bear joint liability;

(7) The purchased second-hand houses have clear property rights and meet the requirements for Shanghai to enter the real estate market;

(8) The purchased house is not within the scope of the demolition announcement;

(9) The price of the purchased house basically conforms to the appraisal price of the lender or its designated real estate appraisal agency;

(10) Other conditions required by the lending bank.

Extended data:

Loan process

(1) The buyer and the seller sign a house purchase and sale agreement or a house purchase and sale contract;

(2) Eligible buyers apply for loans from loan banks and provide relevant certification materials;

⑶ The buyer and the seller go to the appraisal institution designated (recognized) by the loan bank to conduct house appraisal;

(4) The law firm identifies, investigates and analyzes the borrower's credit certification materials and evaluation reports, and issues legal opinions;

5] The loan bank shall examine and approve the loan and inform the loan applicant whether to agree to the loan;

[6] The buyer and the seller go through the formalities of property right transfer, and after the transfer, the borrower goes to the bank to go through the loan formalities;

(7) The purchaser signs a second-hand house mortgage loan contract with the loan bank;

(8) The buyer and the seller shall send the transferred house ownership certificate to the loan bank for mortgage registration;

(9) After the loan contract comes into effect, the loan bank will allocate funds according to the loan contract;

⑽ The borrower repays the loan on a monthly basis;

⑾ The borrower pays off the principal and interest of the loan and cancels the mortgage guarantee.

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