The starting point of housing mortgage consumption loan is 5000 yuan, and the maximum amount shall not exceed 70% of the assessed value of mortgaged real estate. Generally, the loan term does not exceed 5 years, and the longest loan term can reach 10 year. The loan interest rate shall be implemented according to the commercial loan interest rate stipulated by the People's Bank of China for the same period, which is conducive to repaying the principal and interest on a monthly basis. Take China Industrial and Commercial Bank as an example, the conditions for applying for personal housing loans in this bank include: having permanent residence in cities and towns or valid residence status; Have a stable occupation and income, good credit, and the ability to repay the loan principal and interest on schedule; Using assets recognized by banks as collateral or pledge, or using units or individuals with sufficient compensatory capacity as guarantors to repay the principal and interest of loans and bear joint liability; Housing sales contracts, real estate licenses and related materials approved by relevant departments.

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