Relay loan is a kind of housing loan, and relay loan is what banks often call personal housing relay loan. When applying for a housing loan, the bank will check the applicant's income and bank flow, and can only apply for a loan if it meets the standards. If the parents are borrowers, but the repayment ability can't meet the bank's standards, or the parents are unable to repay, the children can repay as co-borrower. The interest rate and down payment for applying for a loan are determined according to the situation of the main lender and spouse, that is, the situation of parents, and the loan period is also determined according to the age of the main lender or co-borrower.

At present, many banks have relay loan business, but it should be noted that not all banks have relay loan business. Relay loan means that parents and children can become the same borrower of mortgage loan. In other words, the bank can calculate the monthly repayment amount according to the sum of the accumulated income of parents and children, which can increase the loan amount and extend the borrower's age and loan period. However, the use of relay loans to buy a house may lead to disputes between parents and children because of property rights issues. Applicants can buy a house through a relay loan.

What are the application conditions for relay loans?

If you want to buy commercial housing and second-hand housing, but the repayment ability is not enough, you can apply for a personal housing relay loan. To apply for a relay loan, the applicant needs to meet the following conditions:

1. The applicant has a stable job and continuous income, or the applicant needs to have expected stable income, such as retirement salary income;

2. As a borrower, both parents and children need to have a stable job and income, and the total income of the borrower has the ability to repay the principal and interest of the loan. One of the parents needs to be within the age of applying for a loan.