Many people still don't understand how many years apartment loans can be borrowed. Let's talk about this problem.

According to the relevant regulations, the long-term apartment loan is 30 years. If you buy the first suite, then the down payment ratio is usually 30%; If you buy a second suite, the interest and down payment will usually rise by10%; When buying a third suite, the bank can't give a loan.

Compared with residential buildings, apartments have the disadvantage of short service life of land. Under normal circumstances, the residential land use period is 70 years, but the apartment is only 40 to 50 years. When the land use period of the apartment expires, it is necessary to pay a certain land transfer fee to continue using it.

According to relevant regulations, land can be exempted for residential transactions, but not for apartment transactions. Generally speaking, land expropriation is generally based on the value-added amount, and 30%-60% tax is levied on the value-added part. In addition, 5.5% business tax is required, and all taxes and fees add up to 10%- 14% of the total price.