What is the farmers’ home loan and what is the loan interest rate?

What is the farmers’ home loan? The Farmers' Home Loan is a special home purchase loan product jointly issued by the Agricultural Bank of China and some provincial and municipal housing and construction departments. Some cities are trying to implement it. How about the farmers' home loan? I think only those who have applied to host the event have the best say on this issue.

What is the farmers’ home loan? The Farmers' Home Loan is a special home purchase loan product jointly issued by the Agricultural Bank of China and some provincial and municipal housing and construction departments. Hunan Province and Anhui Province are currently implementing it on a trial basis. The borrowers are farmers who are members of rural collective economic organizations, enjoy the rights and interests of collective economic organizations, or are new farmers with urban household registration for less than 1 year (including 1 year). Their first homes will be discounted on the expected annualized interest rate based on the borrower's down payment ratio. In principle, the area of ??a "Farmer's Anjia Loan" loan house shall not exceed 144 square meters (not included). For second-hand housing loans, the sum of the loan term and the age of the purchased house shall not exceed 60 years. According to the strategic cooperation agreement, in the next three years, the Agricultural Bank of Anhui Province’s “Farmers’ Settlement Loan” intended amount will not be less than 50 billion yuan. The loan limit in Hunan is not yet available on the Agricultural Bank of China's official website. If you need it, you can go to the Agricultural Bank of China branch for detailed consultation.

The expected annual interest rate of the "Farmer's Anjia Loan" loan. The down payment ratio and expected annual interest rate of the "Farmer's Anjia Loan" loan are implemented in accordance with the current personal housing loan policy. The minimum down payment ratio can be 20%. Customers whose ratio reaches 30% or above can enjoy a discount of twice the benchmark expected annualized interest rate. For customers who purchase competitive real estate in the region and high-quality customers with high ratings, the minimum expected annual interest rate of the benchmark can be implemented with the approval of the Agricultural Bank of China.