What is the minimum down payment for the apartment?

1. What is the minimum down payment for the apartment?

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Generally speaking, the down payment for buying an apartment should be at least 50%, that is, the down payment should not be less than 50% of the purchase price. Since most apartments are commercial houses with 40-year property rights, you can't use provident fund loans when you buy them, you can only choose commercial loans, and the loan period is at most 10 years. Moreover, the apartment does not enjoy the national first suite policy in terms of loans, the down payment ratio should not be less than 50%, and the interest rate should also rise 10%. However, if you choose an apartment with residential land, the down payment for the first suite is generally 30%.

Second, how many years is the down payment for the apartment?

If it is a personal housing loan of China Merchants Bank: 1, the down payment ratio of the "first suite" is at least 30% (the city that does not implement the "purchase restriction" is adjusted to not less than 25%); The minimum is 40%.

The longest loan/credit period of "first-hand building" shall not exceed 30 years; The longest loan/credit period of a "second-hand building" is not more than 30 years, and the building age of the purchased property (referring to the completion period of the property) is generally not more than 20 years, and the loan period is also limited.

The term of the mortgaged property shall not exceed 40 years in principle.

Your specific information can only be confirmed after the approval of the outlets. You can contact the personal loan department of the local branch directly.

3. How much is the down payment for the apartment for several years?

If the housing loan (including the first-hand building and the second-hand building)/down payment ratio is handled through our bank, the provisions are as follows:

1. For the first suite, the minimum ratio is 30%, that is, the maximum loan amount does not exceed 70% of the value of the purchased property (adjusted to not less than 25% for cities that do not implement "purchase restriction")

2. For the second suite, the minimum ratio is 40%, that is, the maximum loan amount does not exceed 60% of the value of the purchased property.

Your specific credit line needs you to submit relevant information, and it can only be determined after the approval of the outlets. You can directly contact the personal loan department of local outlets for consultation.

4. Is the down payment for the apartment 30% or 50%? How many years can I borrow a loan?

1. What is an apartment? What is a house?

Apartment is the most extensive form of commercial real estate investment. It is a building with more than one dwelling unit or multiple dwelling units. Generally 40 years of property rights.

Residential refers to houses for living, including villas, apartments or dormitories. Legally speaking, a house is a closed space of a family's daily life, and outsiders are not allowed to enter it at will. Houses can be divided into multi-storey houses, high-rise houses and super-high-rise houses according to the number of floors. General property rights are 70 years.

There are no restrictions on the use time of the house, but there are restrictions on the use of land property rights. Generally speaking, the service life of land will be divided into 40 years, 50 years and 70 years, including 40 years for commercial land and 70 years for residential land.

2. What is the specific difference between a 40-year-old apartment and a 70-year-old apartment?

The apartment with 70-year property rights is a residential apartment, and the land category belongs to residential land. Although it is called an apartment, its land is still a residential product.

The 40-year-old property apartment belongs to the nature of commercial land, which is what we often call a hotel-style apartment.

Three. Comparison between 40-year-old apartment and 70-year-old apartment

1, land use nature

The land nature of the 70-year-old property apartment is actually residential land.

The land use nature of 40-year-old property apartment is actually commercial land.

2, the bank mortgage loan down payment ratio

For a 70-year-old apartment, the down payment for the first suite is 30%, and the longest mortgage period is 30 years.

40-year-old property apartment, unlimited purchase and loan, down payment of 50%, longest mortgage 10 year.

3. Provident fund loans

70-year-old apartment can apply for provident fund loans.

40-year-old property apartment can not apply for provident fund loans.

A 40-year-old apartment has many advantages, such as small area, low total price, unlimited purchase and low investment. However, apartments also have many shortcomings, such as short land transfer period, high transfer tax, commercial use of water and electricity, and low living comfort. Buying a serviced apartment is not a sure thing. Three factors must be considered when buying an apartment: good location, moderate area and low total price. (Source: Red Net Comprehensive)