Jieli loan is the abbreviation of personal housing relay loan. A relay loan refers to a housing credit product in which a child (or a child and his or her spouse) is the owner of the house being purchased, and both parents or one parent and the child are co-borrowers to obtain a loan to purchase a house.

Agricultural Bank of China, China CITIC Bank, etc. have launched relay loan services. In the relay loan business, the child serves as the owner of the house purchased, and both parents or one parent and the child can serve as co-borrowers and obtain a loan to purchase a housing credit product. In other words, the bank can calculate the monthly repayment amount based on the sum of the accumulated income of all borrowers, thereby increasing the loan amount, and realizing the dream of buying a house through the joint efforts of father and son through a "relay loan" method.

The advantage of a relay loan is that the age of the borrower plus the loan period can be appropriately extended without being restricted by the upper limit; the disadvantage is that disputes may arise between parents and children over the property rights of the house, or between heirs due to inheritance. Disputes arise when dealing with issues.

However, applying for a personal housing "relay loan" requires certain conditions: as the parents and children of the same borrower, both have stable careers and incomes, and the sum of the income of the borrower and the borrower has the ability to repay The ability to borrow principal and interest, the older parent must not exceed 60 years old. Regarding the loan interest rate, if the house purchased is the first home for the children, the loan interest rate for the first home can be applied.

A special reminder is that relay loans can only be used for new property loans and cannot be used for second-hand housing loans. In addition, as housing loans shrink, some banks may suspend this business. If you have such needs, friends can inquire with the bank first.