Does Guangdong Haifeng Construction Bank need to pay insurance premium for mortgage loan? How much should you pay? Why do you need to buy one more year? (For example, if you pay it back in three years, you need to buy insurance for four years). 1, mortgage loan, it is necessary to purchase property insurance for collateral, in order to prevent the loss of collateral from causing losses to banks. Insurance is purchased from an insurance company, and the amount of premium needs to be negotiated with the people of the insurance company. Banks are not allowed to charge insurance premiums.

2. The term of insurance purchase shall be subject to the loan term. For example, if the loan expires on September 30, 2005, the insurance period must cover September 30, 2005. You need to buy it for four years There is a possibility: your loan has been approved for three years, and the bank allows you to withdraw these loans within 1 year. If you approve the loan on 20 1 211October1,and the loan term is three years, you will be awarded 201311October 65438. It took four years from the end of the examination and approval to the repayment.

It depends on the examination and approval conditions, is that right? If you have any questions, just ask!