With the development of the economy, various financial businesses have sprung up. Recently, there is a very popular loan method in Shenzhen called a rental loan. So what does a rental loan mean?

Rental loan

Recently, Shenzhen Construction Bank has launched a new business, which pays the renter for several years at a time, and then the renter repays it in the form of monthly repayments. This is the first time that a rental loan has been implemented. There are more than 5,000 houses under the policy, and they have great advantages in terms of interest rates, and the house types and lease terms are very good.

What is the interest rate for rental loans?

The current interest rate for rental loans is 4.35% for one year, 4.75% for more than one year and less than five years, and the base interest rate for more than five years is 4.9%. The loan currently supports a maximum loan amount of one million yuan, and the loan period is up to 10 years. The purpose is that the bank is optimistic about the rental market and has the possibility of developing new business in the rental market in the long term. In terms of risk, using a personal credit loan will Compared with local income and local house prices, the risk is relatively very low.

What are the advantages of a rental loan?

The current industry standard in the rental market is to deposit one and pay three, which is also an unspoken rule in the rental industry. At present, housing prices in Shenzhen remain high, and rents are also high. It’s scary. After using a rental loan, the rent payment method is divided into monthly payments. For renters, this method will directly reduce a large part of the pressure; many people with rental loans will worry about the high rent, even though they are “borrowing” from the bank. "The money will be used to pay the rent first, but judging from the current first batch of tenants, the monthly rent loan payment will not be higher than the market rental price.

Local governments have introduced corresponding policies to support the development of the housing rental market. Personal rental loans are a good thing for the rental market. For some users with housing needs, this policy can directly rent satisfactory homes. For those who have just arrived in Shenzhen, the initial rent is really high. Using this method can relieve a lot of pressure on foreigners. I believe that as this policy changes over time, this business will slowly be launched across the country.