1. Although apartments can be loaned, the loan interest rate will be higher than that of residential houses, and the down payment will be high. Apartment belongs to commercial land, and the property right is generally 4 years, so the loan period of apartment will be relatively short, generally not more than 1 years. Moreover, apartments cannot apply for provident fund loans.
2. When applying for a loan, you should do what you can, and enough is enough. Some people think that the higher the loan amount, the better, but we should understand that loans need to pay interest. The higher the loan amount, the longer the loan term and the higher the interest.
3. The materials submitted for handling the apartment loan must be true and valid. If you submit false materials to the bank, it may affect the audit and you cannot lend money. If the situation is serious, you can't get a loan, resulting in overdue mortgage loans. The developer has relevant regulations and requires you to pay liquidated damages.