Agricultural Bank of China received a short message about mortgage loan.

Yes, I received a short message about the mortgage loan from the bank, indicating that the bank has completed all the approval procedures and issued a loan to the real estate developer. Your loan has been completed, and you need to repay the loan to the bank on time and in full from next month.

Basic introduction

Participants in mortgage loans include commercial banks that provide credit funds, buyers who eventually buy real estate and real estate owners (including developers/second-hand housing owners). When applying for loans, it is also necessary to evaluate the participation of companies and mortgage guarantee companies.

According to the statistical data released by Beijing Wancai United Investment Management Co., Ltd., a real estate guarantee company, by the end of 20 10, the utilization rate of mortgage loans has reached a high level in major first-tier cities in China. In terms of housing mortgage loans, the loan ratio has reached more than 70%.

Moreover, in recent years, the number of residents who apply for real estate mortgage loans with their own or relatives' properties to revitalize real estate is also increasing. "Mortgage" has become a way of life closely related to residents' lives.

classify

housing loans

Personal housing loan refers to the loan issued by the bank to the borrower for the purchase of ordinary housing for personal use. The borrower must provide a guarantee when applying for a personal housing loan. Personal housing loans mainly include entrusted loans, self-operated loans and portfolio loans.

Entrusted loans Personal housing entrusted loans refer to loans granted by banks to individuals who purchase ordinary housing as required, and the source of funds is housing provident fund deposits. Also known as provident fund loans.

Self-operated loan

Personal housing self-operated loan is a loan issued to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, the loan names of banks are different. China Construction Bank is called individual housing loan, and Industrial and Commercial Bank and Agricultural Bank are called individual housing guarantee loan.

Consortium lending

Personal housing portfolio loan refers to a loan issued to the same borrower by using housing provident fund deposits and credit funds to purchase self-occupied ordinary housing, which is a combination of personal housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans.

Mortgage repayment methods: average capital, equal principal and interest, biweekly payment, etc.

Loan amount: 80% of the loanable property value after passing the bank review.

Down payment on mortgage: 30% down payment is required for the first home mortgage loan and 50% down payment for the second home mortgage loan.

Loan life: 30 years for first-hand houses and 20 years for second-hand houses. At the same time, the loan period plus the applicant's age should not exceed 70 years old.

Loan interest rate: the benchmark interest rate for the first set of housing loans over five years is 6.55%, and the interest rate for the second set of housing loans is 1. 1 multiple of the benchmark interest rate, that is, 7.26%.