Can I get a loan for second-hand serviced apartments?

Yes. Commercial housing, such as serviced apartments, can only be financed with commercial loans for up to ten years. Other housing options are mostly half-year and one-year terms.

You can get a loan to buy a second-hand apartment, but the lender needs to meet the bank's loan conditions. Generally, the borrower is required to have a legal identity, stable economic income, good credit, and the ability to repay the loan. The ability to pay principal and interest. There are legal and valid contracts and agreements for purchasing or overhauling a house, as well as other supporting documents required by the loan bank, etc.

Article 2 of the "Guiding Opinions of the Ministry of Land and Resources and the Ministry of Housing and Urban-Rural Development on the Coordination of Unified Registration of Real Estate and Management of House Transactions" strengthens the management of house transactions and the unified registration of real estate. Strengthen housing transaction management. Housing transaction management is the foundation and core of real estate market supervision.

Real estate management departments at all levels should strengthen the work of housing transfer, mortgage, leasing, area management, housing transaction files, housing intermediaries, personal housing information system construction, etc., especially to do a good job in pre-sale licensing of commercial housing, housing Specific transaction supervision work such as online signing and filing of sales contracts, supervision of housing transaction funds, establishment of real estate listings, review of home purchase qualifications, verification of housing stock, listing and transaction management of existing housing and policy housing, as well as formulation and supervision of housing mortgage policies, etc., to achieve Related businesses are connected in an orderly manner.