Reason 1: Xiamen real estate mortgage loan is easy to obtain: if the borrower who applies for the loan has real estate as collateral, the lending institution is happy to issue the loan, because there is real estate as collateral, the lending institution does not have to worry about the borrower not repaying the loan. If this day comes, they can auction the mortgaged property, and the proceeds will be used to repay the principal and interest of the loan first.
Reason 2: The amount of Xiamen real estate mortgage loan is high: As many people know, the maximum amount of real estate mortgage loan can reach 80% of real estate assessment value, which can effectively alleviate the borrower's large capital demand.
Reason 3: Xiamen real estate mortgage loan interest rate is low: for lending institutions, the loan interest rate is directly proportional to the loan risk. If borrowers can provide real estate as collateral, lending institutions need to bear much less credit risk and they are willing to give borrowers low-interest loans.
Reason 4: Xiamen real estate mortgage loan is fast: the bank loan approval procedure is complicated, and it usually takes the borrower about half a month to get the loan. However, if you apply for loans in non-bank financial institutions such as pawn shops and loan companies, you can get loans as soon as the procedures are complete.
Tips: The loan amount of mortgage loan is relatively high, so the repayment pressure of the borrower is relatively high. Therefore, it is very necessary for the borrower to make a repayment plan in advance.