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If you buy a house with a credit card, the first thing you need to face is whether the city and the bank allow it. At present, the control measures of Suzhou and other real estate hotspot cities have been introduced, and credit cards are not allowed to pay down payment.
In fact, it is not allowed to buy a house with credit card overdraft, which is not only the need of government real estate regulation, but also the risk control measures of banks.
For example, buying a house itself requires a loan. If you still use a credit card for down payment, it is equivalent to adding another layer of leverage. For risk reasons, banks may not allow this.
Moreover, a large amount of credit cards to buy a house, the general real estate business will use a capped pos machine. The capped pos machine has a low handling fee rate, which can save a lot of handling fees for merchants' large transactions. However, the use of capped pos machines to spend a large amount of money "swiping the card" is also easy to be judged as a risky transaction by banks, and it is not easy to succeed in applying for credit card withdrawal in the future.
After 2065438+September 6, 2006, credit card rates were separated from loans. In the new version, the credit card fees for real estate, automobile and wholesale industries will no longer be capped, which means that there will be no capped fees for credit card consumption in the future. Similar to the introduction of the New Deal, it may become another obstacle to buying a house by credit card.
Buying a house with a credit card to pay the down payment, although this money is also a disguised "loan" and debt of buyers, it may be difficult to repay this money with the provident fund, because it is not easy to prove to the provident fund management center that the actual purpose is to buy a house.
Therefore, when applying for repayment with the provident fund, it is easy to be rejected.
There are still quite a few "risks" in buying a house with a credit card. If it is not cost-effective, it still needs careful consideration. If buying a house with a credit card can give you a one-month interest-free period, it will help you, that's not bad. However, if the funds are difficult, buying a house with high interest rate is not worth advocating.
The answers to this question shared above are all personal opinions and suggestions. I hope the answer to this question I shared can help everyone.
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With the continuous tightening of bank loans, many people focus on credit cards and want to pay the house price through the "curve" of credit cards. Buying a house with a credit card is the same as ordinary consumption forms and methods. There is no need to make an appointment in advance or open related services, as long as the user's quota is enough, whether it is down payment or full payment. Credit card installment payment is more cost-effective than credit card overdraft. Credit card overdraft not only needs to pay a handling fee ranging from 1% to 2%, but also needs to pay five ten thousandths of interest. By contrast, installment payment is more economical. Buying a house by credit card does provide convenience for users who can't apply for loans, but there are still many defects compared with loans in some aspects.
First, the quota is low.
Compared with loans, the biggest drawback of buying a house by credit card is that the amount is not enough. Generally, the maximum amount of gold cards and ordinary cards is less than 50,000 yuan, but not every cardholder can get such a high amount of 50,000 yuan. The credit line of ordinary users is about1-30,000 yuan. House prices are generally calculated in "millions", and even if you only pay the down payment, you need dozens of credit cards.
Second, the cost is high
Although credit card installment is not troubled by interest, cardholders need to pay a handling fee to the bank. Compared with the loan interest rate, the installment fee is higher, and the cardholder has to bear greater repayment pressure. Therefore, it is best for qualified buyers to avoid choosing credit cards to buy houses. In addition, although the credit card installment payment business has solved the urgent needs of the "house slaves", it is much higher than the interest of ordinary bank loans. Calculated by installment 150000 yuan, the total handling fee for one year is 10500 yuan, which is equivalent to about 7% annual interest. At present, the benchmark interest rate for one-year loans is around 4.9%, so the cost of buying a house will be much higher, so not everyone is suitable for buying a house with a credit card.
Third, there is no integral.
Although some banks have expressed their support for buying houses by credit cards, almost all banks stipulate that when users buy houses by credit cards, this consumption has no points. Even if the depreciation of points is the mainstream trend of the market, the gold content of hundreds of thousands of points is not low for buyers who use credit cards.
Special reminder:
It is suggested that if the housing funds are insufficient, it is not the best policy to make up for it by swiping a credit card. The first choice is to ask friends and relatives for help. If not, you'd better get a loan from the bank. "Buying a house by credit card" is a last resort.
Under the background of continuous regulation of real estate, some commercial banks no longer accept the installment payment business of such consumption by buyers using credit cards to purchase houses. The credit card customer service of ICBC, China Construction Bank, China CITIC Bank, Huaxia Bank and other banks clearly stated that as long as the POS consumer terminal shows buying a house or parking space, the wholesale sector of bulk commodities will pay by credit card and cannot handle installment payment. At the same time, the CBRC also requires strengthening the risk control of real estate loans, conscientiously implementing real estate control policies, implementing differentiated mortgage requirements, and strengthening list management and stress testing. If a user pays the down payment with credit, also known as "curve house purchase", it will undoubtedly turn the consumer credit function of credit card into funds flowing into the real estate sector, and the risk is immeasurable. At present, the regulatory authorities are strictly controlling all kinds of risks in the real estate sector.
Buying a house with a credit card is basically not feasible. After the banking system recognizes that your credit card merchant is a real estate, it will not make your credit card successful. Unless you cash in on other pos machines, the cost will increase a lot. The longest interest-free period of a credit card is only 50 days. Based on a house of 1 10,000, a down payment of 300,000 is required. If your credit card limit is not around1100,000, you'd better not pay out this 300,000, otherwise the repayment pressure will be great.
If the funds for buying a house can be put in place in a short period of time, it is feasible: you can enjoy interest-free for a certain period of time by waiting for the funds to be put in place with a credit card or getting some income from your short-term financial management. If the funds are not available in a short time, it is not feasible: because the interest-free period of credit cards is short, close to two months at most, and the pressure of one-time repayment is enormous. If the credit card is in installments, it will face a certain proportion of installment fees and interest (usually higher than the normal mortgage interest), and the installment period is short, usually up to three years, and the repayment pressure in each installment is great.
At present, the state focuses on controlling the inflow of credit card funds into the real estate industry. Generally, credit card swiping is restricted, and 1-20000 yuan can still be swiped out. No down payment is allowed. In the future, the loan bank will also read the credit report, and the bank with credit card arrears will also ask you to pay it back before lending!
Buying a house with a credit card is not acceptable. Because you paid the down payment by credit card first. In the next two months, you need to pay off your mortgage and credit card. If your salary or savings are not enough to pay for these two payments. You can choose to pay in installments by credit card, and then withdraw the money from the credit card. This will lead to a vicious circle, with more and more money owed to credit cards and more and more interest paid back. The pressure will get bigger and bigger. In the end, you may lose both your money and your house. The correct use of credit cards should be to help the poor. If you can't control your desire for money, you will fall into the trap of credit card, borrowing-installment-repayment-refinancing-installment-repayment. In order to pay more money
Can I pay a down payment for buying a house with a credit card? Know clearly before making plans!
Nowadays, many people choose to buy houses and settle in cities for work reasons. But buying a house is a big deal, which requires a very expensive sum of money, so many users think, can I pay a down payment for buying a house with a credit card? Then let's have a brief discussion.
Can I pay a down payment for buying a house with a credit card?
In the past, some users paid the down payment of houses by swiping credit cards. However, after the new regulations, banks have requirements for applicants' credit cards and loans before issuing mortgages, and may require them to pay off before applying, otherwise it will be difficult to apply.
Secondly, the down payment of a house is 30%, which is also a lot of money, sometimes hundreds of thousands or millions. For the average user, the credit card limit is tens of thousands of yuan. If you want to pay the down payment by credit card, you have to use several credit cards to make it up. In case the credit card is not returned, it is also a very troublesome thing.
Moreover, the national policy has strict restrictions on credit card down payment. Some areas clearly stipulate that it is not allowed.
Finally, there will be a large handling fee for the credit card down payment. Developers are certainly unwilling to bear the cost. If the handling fee is allocated to users, it will undoubtedly add insult to injury.
All in all, no matter from the aspects of policies, new bank regulations, repayment pressure of users, etc. There is a limit to the down payment by credit card.
The above is about "can I pay a down payment for buying a house with a credit card?" The answer, I hope to help everyone. If you have this plan, you can know in advance whether the policy of the place where you buy a house allows it and whether the real estate agent supports it, otherwise you should make a good plan and prepare the down payment in advance.
Can I buy a house with a credit card loan? Is it cost-effective to buy a house with a credit card loan?
Buying a house can be said to be the first problem to be solved when getting married after the 80s and 90s, but it is very difficult for people with little savings to buy a house, so some friends put their ideas on credit cards and want to know whether they can use credit cards to borrow money to buy a house. Let's introduce it to everyone.
As we all know, credit cards are equivalent to consumer loans provided by banks to cardholders, and cardholders swipe their cards or withdraw cash within the available scope of credit cards. Therefore, buying a house with a credit card can be regarded as holding a credit card and spending it directly in a real estate company. Of course, this premise must be supported by policies.
Can I buy a house with a credit card loan?
In some banks' credit card application contracts or articles of association, it is only required that credit cards should not be used to invest in the stock market, futures market and other markets, and should not be used for tax evasion, debt evasion, cash withdrawal, production and operation overdraft and other illegal acts.
As for the problem of buying a house, there is no clear explanation, which means that you can buy a house with a credit card loan. Many real estate companies also said that banks did not stipulate that credit cards are not allowed to buy houses. Buying a house with a credit card is actually very simple, just like buying other goods.
How to buy a house with a credit card
Although credit cards can be used to buy a house, there are still some problems to consider when buying a house, such as whether it is better to swipe credit cards directly or use several credit cards to collect money.
It is suggested here that it is best to use 2~3 credit cards to buy a house. After all, even if you pay the down payment, it will cost tens of thousands. If you pay directly by credit card, the bank will easily risk control and think that you are cashing out, which is not cost-effective. However, using multiple credit cards to pay the down payment can avoid this risk.
In addition, there is another advantage of buying a house with a credit card, that is, it can be phased out after the bill comes out, alleviating the financial pressure.
If the fixed amount is not enough, you can also call the credit card customer service to apply for adjusting the temporary amount. The temporary quota can generally be increased by 50%-80%. It should be noted that the temporary amount has a validity period, which is generally 1-2 months. After using the temporary line, you can't apply for installment, nor can you repay according to the minimum repayment amount. You must pay in one lump sum.
Credit card down payment does not accumulate points. Cardholders should also swipe their credit cards according to their repayment ability. Don't spend too much in advance, lest the credit card be overdue due to the failure to repay in time, bear the interest late fee and even affect the personal credit record.
Is it cost-effective to buy a house with a credit card loan?
Whether it is cost-effective to buy a house with a credit card depends on its expected annualized interest rate. Here, let's compare the installment interest rate of credit card bills with the expected annualized interest rate of ordinary bank loans.
Based on the installment payment of Everbright Credit Card 1.5 million yuan, it is divided into 1.2 installments, and the total handling fee for one year is 1.5 million yuan, which is equivalent to the annual interest rate of about 7%, while the expected annualized interest rate of the one-year loan benchmark is 6%.
It can be seen that although the credit card installment payment business can solve the urgent need, it is much higher than the expected annualized interest rate of ordinary bank loans.
How much is the interest on buying a house with a credit card? How to calculate?
Example: Xiao Wang saved a sum of money to buy a house, with a down payment of10.5 million, which is 60,000 short. He happened to have a credit card with a limit of 80 thousand, and asked an acquaintance to cash out 60 thousand with a pos machine. He didn't think about anything else at all, just wanted a beautiful house with a monthly salary of 6000/ month, thinking that the repayment was no problem, but in fact he was smart.
Because I don't plan to live for the time being, I didn't decorate it. The next single payment, the minimum repayment amount is 6 thousand, and nearly 2 thousand mortgage will be paid every month. I thought I could finish things in stages. I consulted the customer service and learned that if it is divided into 24 installments, I have to pay a total handling fee of 12%. The handling fee is 7,200 yuan for the first installment, 60,000 yuan for the 24 installments and 2,500 yuan for the monthly payment. As a result, the pressure increased sharply, and anxious Xiao Wang was at a loss. It's really unbearable.
If you add the handling fee to the first installment, you will have to pay 10 thousand yuan less. If you can't afford it, you will pay the minimum repayment amount at the interest of five ten thousandths per day, and 30 yuan can't afford to get hurt every day. Near the final repayment date, there was really no way out, so I had to borrow it from my relatives and friends quickly, and I got enough 60 thousand, and I paid it back quickly, which scared me in a cold sweat.
Can I pay the down payment by credit card?
It is ok to pay the down payment by credit card. There is a handling fee for credit card consumption, but this handling fee is usually borne by the merchant, but not in the purchase transaction. Developers take advantage of buyers' lack of funds to buy a house, and then ask buyers to bear the handling fee, which buyers who are eager to buy a house often accept.
The down payment of a house is different from ordinary consumer goods, and the amount is usually large. Some people's credit cards are not high enough, so it is difficult to pay a large down payment on one card. So use multiple credit cards to make up for the lack of credit limit. Many credit cards spend a large amount at the same time in the same merchant, which is easily recognized by banks as cash-out behavior.
Cashing out is an illegal act in itself, from being banned by banks to being included in bad credit records. Some homebuyers pay the down payment by increasing the temporary quota and using multiple credit cards, hoping to reduce the repayment pressure by installment payment. However, the real estate transaction cannot be staged, and the consumption can only be paid in one lump sum.
For example, it is explicitly mentioned in official website that "cash advance transactions, installment transactions, real estate transactions, RMB funds that have applied for foreign exchange purchase and other transactions designated by banks cannot apply for bill installment". If you can't repay in time on the repayment date, your personal credit information will be tarnished, and it will not be worth the loss.
Extended data:
Risk of down payment by credit card
1, the refund process is complicated and the risk is difficult to control.
It is good that everything goes well in the process of buying a house, but not all problems can be completely controlled by yourself. Once uncontrollable factors break the contract relationship, it will involve the issue of refund.
Even if the developer agrees to refund, there will usually be a complicated process, and the specific refund time is difficult to control. The time required for the whole refund process is likely to have exceeded the interest-free period of the credit card. At this time, buyers need to repay themselves first. If there is a problem in the capital chain at this time, there will be a situation in which the payment for goods cannot be paid.
2. The potential repayment risk of high leverage.
I used a credit card to solve my temporary financial shortage and successfully paid the down payment on the house. Although the down payment problem has been solved temporarily, I still have to face the problem of high repayment, not only down payment, but also bank commercial loans.
If the buyers have insufficient funds, there may be overdue in the middle. High leverage makes buyers bear greater repayment pressure. If they or their families need money in case of emergency during the period, it will be even worse.
Sohu. Com- how to pay the down payment by credit card when buying a house? Several minefields to know before swiping your card
Can I buy a house by credit card?
It's possible. Credit card can pay the down payment of the house, and there is a handling fee for credit card consumption, but this handling fee is usually borne by the merchant, but it is not the case in the house purchase transaction. The handling fee for credit card consumption needs to be borne by the cardholder. However, loans still need to be cautious, and we should consider our actual repayment ability.
Extended data:
Credit card refers to various media that record the relevant information of the cardholder's account, have the function of bank credit line and overdraft, and provide relevant banking services for the cardholder.
The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc.
Credit card consumption is a non-cash transaction payment method, which does not need to pay cash when spending, and repays on the bill date.
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
Down payment is the lowest proportion of down payment according to the national proportion when buying a house. Of course, the payment can be higher than this amount, but not lower than it, and the rest can be borrowed from the bank.
Since June 1 day, 2006, the down payment ratio of individual housing mortgage loan shall not be less than 30%. Considering the housing needs of low-and middle-income people, the down payment ratio of 20% will still be implemented for those who buy self-occupied houses below 90 square meters.
The down payment amount was determined according to the national policy at that time. For example: 30,000 yuan/flat house, 100 flat house is 3 million. Then, 20% down payment is 600,000, 30% down payment is 900,000, and 40% down payment is 654.38+0.2 million.
Developers advance the down payment, so that "zero down payment" can be realized. This seemingly "free lunch" has hidden risks. Professor from the School of Economics of Shandong University said that in the face of frequent price reductions in the real estate market across the country, real estate companies were forced to take promotional measures to recover cash flow. Nothing for nothing. Developers pay down payment, some pay interest, and some secretly raise the house price to get back the income, but raise the house price in disguise.
Let's stop here for the introduction of credit card purchase fees.