Bank of China has personal commercial housing loans (including shops, businesses, etc. ), and the loan period of personal commercial housing must meet the following conditions at the same time:
1. The longest term of personal commercial housing loan is 10 year. Where there are stricter provisions in relevant laws, regulations, regulatory provisions or national policies, those provisions shall prevail;
2 individual commercial housing loan period shall not exceed the remaining use period of construction land occupied by collateral;
3. Personal second-hand commercial housing, the sum of the loan period and the age of the house shall not exceed 30 years in principle (including office space not exceeding 20 years);
4. The sum of the loan term and the borrower's age shall not exceed 65 years old in principle, and the middle and high-end customers who meet the requirements of BOC may be extended to 70 years old. Due to differences in business in individual regions, it is recommended to contact local outlets for detailed consultation.
The above contents are for your reference. Please refer to the actual business regulations.
How many years can a shop loan last?
1- 10 year. The current policy of loan term is 1- 10 years, and the interest rate is the same as the current policy of commercial loans. The loan ratio of normal commercial land is 50%, and the loan amount is not capped for the time being.
At present, individual banks can support 60% of the loan ratio of shops, and commercial housing is divided into the first suite and the second suite. In other words, even if the shop you buy is the first suite under your name, it is implemented according to this standard.
Shops mortgage is a kind of housing loan, which refers to the purchase of shops with loans from banks in the form of repayment of principal and interest in installments, generally with the purchased shops as collateral. The applicant's condition is that he has a legal and valid residence status and a contract or agreement to buy a shop. The longest mortgage loan period for general shops is 10 year.
If it is a first-hand shop, the maximum loan can be 50% of the contract price; If it is a second-hand shop, you can borrow 50% of the evaluation price.
Shop loan is a kind of commercial real estate loan, not personal housing loan, so you can't use provident fund loan. The purchase of shops can be commercial loans, and loans can be made to loan companies. If you have good conditions and can endure a long waiting time, it is recommended to buy a shop with a bank loan.
Application conditions
(1) Having a legal and valid residence status;
(two) there is a contract or agreement for the purchase of shops;
(3) Have a stable occupation and income, good credit, and the ability to repay the principal and interest of the loan on schedule;
(4) There is a down payment of not less than 50% of the total price of the purchased store;
⑤ Agree to use the purchased shops as collateral or assets recognized by the loan bank as collateral or pledge, or units or individuals with guarantee qualification and sufficient compensation capacity as witnesses to repay the loan principal and interest and bear joint and several liabilities.
Required application materials
(1) The borrower's ID card (household registration book) or other valid proof of residence, and the married person also needs to submit personal proof of marital status;
(2) The loan applicant fills in the Application (Approval) Form for Commercial Housing Loan;
3 down payment voucher;
(four) the contract or agreement for the purchase of shops;
(5) Proof of the borrower's family property and income;
6. The identity certificate of the borrower;
⑦ Other information required by the bank.
Store down payment 50%. The term of mortgage loan for individual shops provided by banks shall not exceed 10 years at the longest. But some commercial project developers can help you pay a part, such as 30% down payment, and then another 20% developers can help you pay first, as long as you pay back the money within the specified time.
If you buy a first-hand shop, you can borrow up to 50% of the contract price; If it is a second-hand shop, you can borrow up to 50% of the evaluation price. This evaluation price is not necessarily the amount of your actual transaction, but depends on the amount of the loan you need and your ability to bear the relevant taxes.
How many years can a shop loan last?
Commercial loans can be loaned for up to 30 years. When qualified, commercial loans can be converted into provident fund loans to reduce interest expenses. Process of transferring commercial loans to provident fund loans:
The first step is to consult the applicant who accepts the loan with the original commercial loan bank. If the loan conditions are met, the bank staff shall guide the borrower to fill in the personal housing provident fund loan folder correctly and completely.
The second step is to submit the information.
1. The original and photocopy of the ID card, household registration book and marriage certificate of the borrower and spouse (if the borrower is single, the civil affairs department shall issue the single certificate);
2. The original and photocopy of the house ownership certificate and state-owned land use certificate of the house purchased by the original commercial loan;
3. The original loan mortgage contract of the house purchased by the original commercial loan and a copy of the commodity (economic) house sales contract or the stock house sales contract;
4. The "Housing Appraisal Report" issued by the housing appraisal agency recognized by the management center (second-hand housing business loans are converted into provident fund loans); 5. The property right of the house is notarized by someone who agrees to mortgage; 6. Other certification materials required by the management center and the entrusted bank.
Accept a loan
1. The entrusted bank interviews the loan applicants and reviews the application materials submitted by them;
2. Query and print the personal credit report of the borrower and spouse, and review the personal credit status and mortgage situation of both husband and wife;
3. The entrusted bank conducts "family housing information inquiry" for the loan applicant through the real estate department;
4. For eligible borrowers, the entrusted bank conducts a preliminary examination before lending in the provident fund system, and determines the loan amount, term, interest rate and repayment method through consultation with the borrowers according to the preliminary examination results and repayment ability;
5. The entrusted bank conducts preliminary examination in the provident fund system. If the preliminary examination fails, the borrower shall be notified in time and the reasons shall be informed. Step 4, sign a loan (mortgage) contract with the original commercial loan bank, and sign a guarantee contract with the guarantee company designated by the management center under the guidance of the bank.
Step 5, deposit the difference between the original commercial loan balance and the re-loan balance into the deposit account opened by the re-lending bank with the applicant's own funds, and settle the original commercial loan in advance.
Step 6: The loan issuance management center issues loan funds, and the loan bank informs the loan borrower to settle the original commercial loan with the provident fund loan funds and the borrower's pre-existing funds.
The seventh step is to apply for a mortgage. The guarantee company will handle the cancellation procedures of the original commercial loan mortgage on its behalf, and complete the registration procedures such as mortgage transfer of provident fund loans (this procedure will be handled by the guarantee company).
How long is the loan period of the shop?
Shops have good geographical location, convenient transportation and fast income, so many people have been buying shops to invest. When people buy shops, they usually choose the way of loans, which can make their funds more flexible. So how long is the loan period of the shop? Let me introduce it to you.
How long is the loan period of the shop?
The loan period of a shop is usually five years, and the longest is 10 year, and the loan interest rate will rise by 10% according to the bank's benchmark interest rate. When applying for a shop loan, the lender needs to bring the identity certificate, income certificate, shop purchase certificate, mortgage certificate and other related materials to the bank for loan procedures. Store loans cannot use provident fund loans, and the minimum down payment ratio of store loans shall not be less than 50%.
What are the conditions for a shop loan?
1. The lender has full capacity for civil conduct and needs to provide valid ID cards, household registration books and other related materials.
2. The lender needs to have the ability to repay the principal and interest of the loan, and at the same time, it needs to provide proof of the borrower's income.
3. The lender has a good credit record and no bad record.
4. The lender shall provide the sales contract or agreement of the store.
5. The lender shall provide proof that the book is enough to pay the down payment of more than 50% of the house price of the store.
6. Other requirements of the lending bank.
What should I pay attention to when buying a shop?
1, see a lot
When we buy a shop, we need to see whether it belongs to the central business district or a community shop near the business district. We'd better choose those shops on the commercial street with better lots, because there is a large flow of people.
2. Look at the function of the store
At present, shops can be divided into residential shops, commercial shops and shopping malls. Usually, the rental return rate of commercial street shops is relatively high.
3. Look at the architectural form of the store.
When buying a shop, you need to look at the architectural form of the shop. It's best to choose a shop with a small depth and a large width, with a wide display area along the street and a double facade at the corner.
The above is an introduction about how long the loan period of shops is. I hope to provide some help when buying shops, so that everyone can buy shops smoothly.