The down payment ratio of commercial apartment is more than 50% of the total house price, and the loan period is about 10 year.
If it is residential land, you can enjoy 70% of the first suite policy loan, only 30% down payment, and the loan period can be up to 30 years. Before applying for an apartment loan, it is necessary to know the building purpose of this land. If the building property right is commercial land, then the apartment property right belongs to 40 years. If it is residential land, then the property right of the house is 70 years, and the 40-year use period belongs to commercial land.
Taking Shanghai as an example, according to Article 4 of the Opinions on Further Improving Shanghai's Housing Market System and Security System to Promote the Stable and Healthy Development of the Real Estate Market:
Implement differentiated housing credit policies. For households with 1 apartment, if they apply for commercial personal housing loans to buy ordinary self-occupied housing again to improve their living conditions, the down payment ratio shall not be less than 50%; For households with 1 apartment, if they apply for commercial personal housing loans to buy non-ordinary self-occupied housing again in order to improve their living conditions, the down payment ratio shall not be less than 70%.
Commercial banks should strengthen the verification of the down payment of buyers. When applying for a loan, buyers should promise that the down payment is their own funds. Those who violate the promise will be included in the city's public credit information service platform as untrustworthy information.
Extended data:
The Ministry of Housing and Urban-Rural Development, together with the People's Bank of China and the China Banking Regulatory Commission, jointly deployed and standardized the financing behavior of house purchase, strengthened the anti-money laundering work in the real estate field, demanded that real estate development enterprises and real estate agents be prohibited from illegally providing down payment financing for house purchase, and asked banking financial institutions to intensify the examination of the source of down payment funds. Requirements of three departments:
It is strictly forbidden for real estate development enterprises and real estate intermediaries to provide down payment financing for house purchase in violation of regulations;
It is strictly forbidden for Internet financial institutions and microfinance companies to provide "down payment loans" and other home purchase financing products or services in violation of regulations;
It is strictly forbidden for real estate intermediaries, Internet financial institutions and microfinance companies to provide off-site real estate allocation in violation of regulations;
It is strictly forbidden to misappropriate personal comprehensive consumption loans and other housing purchase funds.
The agencies of banking supervision and management departments at all levels should strengthen the supervision and inspection of banking financial institutions' personal housing loans, personal comprehensive consumer loans, operating loans, credit card overdrafts and other businesses, and severely deal with all kinds of violations according to laws and regulations.
At the same time, all localities should intensify the investigation and punishment of illegal housing financing behaviors such as real estate development enterprises, real estate intermediaries, internet financial institutions and microfinance companies. While investigating according to the law and regulations, illegal real estate development enterprises and real estate intermediaries should be included in the list of serious illegal and untrustworthy enterprises; Internet financial institutions, small loan companies and other institutions provide financing in violation of regulations, and enter it into the credit information system according to law.
References:
People's Network-Heavy! This money cannot be used as a down payment for buying a house in the future!
References:
Baidu encyclopedia-down payment