1. What are the requirements for housing loan in Shanghai?
Housing prices in Shanghai are generally high, so there are very few people who buy a house in full in Shanghai, and people will choose to buy a house by installment. What are the conditions for buying a house loan in Shanghai? Buying a house with a loan in Shanghai requires the following conditions:
1. The borrower has legal and valid identification.
2. Have a Shanghai hukou or residence permit.
3. The borrower has a stable source of income and the ability to repay the principal and interest of the loan in full and on time.
4. The borrower has a commercial housing sale (pre-sale) contract or letter of intent for the purchased house.
5. The borrower has the ability to pay the down payment of the purchased house.
6. The borrower has a good credit record and repayment willingness.
7. It can provide effective guarantee recognized by the bank.
8. Non-local hukou must be married and have worked continuously in Shanghai for 24 months.
2. How much is the loan for buying a house in Shanghai?
If the personal loan amount is sufficient, the mortgage amount is 70% of the assessed value, and the specific amount varies from bank to bank. If the loan amount is insufficient to pay the 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, the loan amount applied by the bank usually cannot exceed the difference between the total house price and the down payment. The down payment ratio will be adjusted according to the real estate market. It is recommended that buyers fully understand the mortgage policies of banks in Shanghai and choose the right bank to apply for loans.
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 payment X2.
3. When issuing loans, banks will check the age of the loan room, which generally takes 20-25 years. Loose ones need 30 years, and strict ones only need 15 to 10 years. The loan amount of second-hand houses with older houses may be reduced. If it is a strict bank, they will only be refused loans. The loan amount of short-lived houses is higher than that of old houses.
4. Personal credit information can be said to be one of the important criteria for banks to consider borrowers. First of all, we must have good credit. Some banks will check the borrower's credit records and housing loans within two years and the loan credit records within five years. Three consecutive overdue and accumulated six serious credit investigation failures may lead to loan rejection.
Third, Shanghai mortgage down payment ratio
1. The central bank and the China Banking Regulatory Commission issued a notice requesting that the down payment ratio of the first home loan be adjusted to 25% in cities that do not implement the purchase restriction. However, many state-owned banks and joint-stock banks have indicated that they are waiting for the policy issued by the head office and have not yet implemented this new policy.
2.2065438+On September 30, 2005, the Central Bank and the China Banking Regulatory Commission issued the Notice on Further Improving the Differentiated Housing Credit Policy, requiring that the down payment ratio for households to purchase commercial personal housing loans for ordinary housing should be adjusted to 25% in cities that do not implement the "purchase restriction" measures.
3. First of all, it is only for cities that do not implement purchase restriction, which means that the New Deal will benefit most cities in China, including Zhangzhou. Beijing, Shanghai, Guangzhou, Shenzhen and other cities that still implement purchase restrictions will not directly benefit.
The down payment ratio of 4.25% is for buyers. According to the previous regulations of the central bank and the China Banking Regulatory Commission, for families who own a house and have settled the corresponding housing loans, in order to improve their living conditions, they apply for loans again to buy ordinary commercial housing. Banking financial institutions implement the first home loan policy, but the down payment ratio is 30%. This means that even if the housing loan has been settled, the down payment ratio for buying a second house is still 30%.
The above is about the conditions of Shanghai mortgage, how much Shanghai mortgage can be borrowed and the down payment ratio of Shanghai mortgage. I hope I can help you!