If it is a residential apartment: the property right is an ordinary house, and the property right period is 70 years. You can apply for provident fund loans, commercial loans and portfolio loans when purchasing. Due to the small size of the house, the minimum down payment can be as low as 20% when applying for provident fund loans. When applying for a commercial loan, the down payment is generally 30%.
If it is a commercial apartment: the property right is a commercial house, and the property right period is forty or fifty years. When purchasing, you can only apply for a commercial loan. The minimum down payment is 50%, and the longest loan period is only 10 year.
How much is the deed tax of 40-year apartment?
If it is the first house, the deed tax is 3%. According to the different area, the first house can be divided into three grades: 90 square meters 1%, 90 to 144 square meters 1.5%, 144 square meters above 3%. In addition to the same functions and characteristics, deed tax has its own characteristics: the purpose of deed tax is to protect the legitimate interests of real estate owners. On this basis, the deed tax issues the title certificate in the name of the state, and the state guarantees it as a legal title certificate.