What are Hua Xia Bank’s home loan deduction rules?

The head office of Hua Xia Bank issued implementation details to its branches, stipulating that the down payment ratio for second homes is 40, and the interest rate is 1.1 times the benchmark interest rate. For each additional house, the down payment ratio shall be increased by no less than 5 percentage points, and the loan interest rate shall be increased by no less than 2% based on the last loan interest rate.

This means that the down payment ratio applied to the bank for the third home loan will not be less than 45, and the down payment ratio for the fourth home loan will not be less than 50. Regarding the identification of a second house, the details stipulate that if you have already used a loan to buy a house and then apply for a loan to buy a house, it will be regarded as a second house. The regulations also require branches to check the ID numbers and purchase package quantities of borrowers and their spouses through the central bank’s credit reporting system. However, the "Details" do not clarify whether the second home is decided by an individual or a family.

Under the premise of implementing the documents of the Central Bank and the China Banking Regulatory Commission and the above-mentioned detailed rules, each branch of Huaxia Bank can decide on more specific operational details based on the actual situation in each region. Relevant people from the Shenzhen Branch of Hua Xia Bank said that considering the unique characteristics of real estate speculation in Shenzhen, the Shenzhen Branch will only implement the detailed rules more strictly.

Most commercial banks have not yet issued implementation details, and most banks in Shenzhen are waiting for the head office to issue implementation rules. It is reported that last Friday, the regulatory authorities held a meeting of heads of credit departments of state-owned banks and set "three keynotes" on how to identify second homes, namely:

1. Provident fund loans are not included in identifying whether second homes are second homes. palace reference project.

2. Home buyers who have paid off their loans can still be counted as first-time home buyers.

3. As long as one of the spouses still has an outstanding mortgage loan, the purchase of a second property with a refinance loan is regarded as a second property.

What are the mortgage deduction rules of Bank of China?

1. The mortgage loan from Bank of China will be automatically deducted.

2. Automatic deduction twice a day. Under normal circumstances, the system will perform the first deduction before the banking transaction on the repayment day, and then perform the second deduction after the banking transaction on the repayment day. And on weekends and statutory holidays, it will also be deducted and will not be extended.

3. The specific time for automatic deduction is not fixed, but it will be completed before 24:00 on the repayment date.

4. Due to insufficient balance in the repayment account, the entire deduction amount will not be deducted.

5. If the customer makes manual repayment, the system will no longer automatically deduct the payment.

6. If the customer is overdue due to insufficient balance in the repayment account, the system will deduct the payment after the customer is overdue. In other words, the system will automatically deduct money twice a day after the customer is overdue until all the outstanding balances are paid off.