Loans to buy a house in Beijing can be divided into two situations, one is a new house loan and the other is a second-hand house loan. When handling a mortgage, in principle, the loan term should not exceed 30 years, and the personal down payment ratio is generally 30% or more, that is, the loan amount should not exceed 70% of the value of the purchased property;
Second-hand housing loans, the loan period is no longer than 30 years. In addition, there are also requirements for the age of the house, which generally does not exceed 20 years. And the age of the mortgaged property before the loan is no more than 40 years.
Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
Interest rate: the ratio of interest to total loan funds in a certain period of time, which is the expression form of loan price. Namely: interest rate = interest amount/loan principal.
Interest rates are divided into daily interest rates, monthly interest rates and annual interest rates.
The lender determines the loan interest rate with the lending bank according to the benchmark interest rate and interest rate floating space announced by relevant laws and regulations of various countries.
benchmark interest rate
The benchmark interest rate is a universal reference interest rate in the financial market, and other interest rate levels or financial asset prices can be determined according to this benchmark interest rate level. Benchmark interest rate is one of the important prerequisites for interest rate marketization. Under the condition of interest rate marketization, financiers measure financing costs, investors calculate investment returns, and management regulates macroeconomics.
Objectively, a universally recognized benchmark interest rate level is needed as a reference. Therefore, in a sense, the benchmark interest rate is the core of the formation of interest rate marketization mechanism. Simply put, you usually deposit money in the bank and he gives you interest. The greater the benchmark interest rate, the more interest; The smaller the benchmark interest rate, the smaller the interest.
Equal principal and interest repayment method: that is, the sum of loan principal and interest is repaid in equal amount every month. Most banks have adopted this method for housing provident fund loans and commercial personal housing loans. So the monthly repayment amount is the same;
Average capital repayment method: that is, the borrower repays the loan in every installment (month) during the whole repayment period, and at the same time pays off the loan interest from the previous trading day to the repayment date. In this way, the monthly repayment amount decreases month by month;
Pay interest on a monthly basis, and repay the principal at maturity: that is, the borrower repays the loan principal in one lump sum on the loan maturity date (applicable to loans with a term of less than one year (including one year)), and the loan bears interest on a daily basis, and the interest is repaid on a monthly basis.
Second-hand housing loans have the longest term.
1. The sum of the service life of second-hand houses and the loan life cannot exceed 30 years.
2. The age of second-hand houses cannot exceed 15 years.
3. The maturity date of the loan cannot exceed the maturity date of the land use.
4. The sum of the loan term and the borrower's age shall not exceed 60 years old. It is worth noting that the above four provisions on loan term must be met at the same time.
How many years can I borrow to buy a second-hand house?
The loan period of provident fund needs to be considered according to the age of the house, the age of the lender and the monthly deposit, and the longest loan period is no more than 25 years. The term of a commercial loan is calculated according to the age of the lender and the age of the house, and the longest term is no more than 25 years.
1. How long is the loan period for commercial loans to buy second-hand houses?
The longest loan period of commercial loans is related to the applicant's age and housing age. Generally speaking, the older the lender, the older the house and the shorter the loan period. According to the following three methods, the shortest loan term is the applicant's (longest) loan term.
1. Calculated according to the age of the lender
65 (some banks can relax it to 70)-the age of the applicant.
2. According to the age of the room.
50 (different banking policies)-room age
It won't be more than 25 years.
take for example
Xiao Wang is single and 27 years old. He bought a house built in 2007 with a commercial loan of 20 17. So, how many years can a loan last?
Maximum 25 years < 65-27 = 38 years < 50-(20 17-2007) = 40 years.
Therefore, I bought this house with a loan of 25 years.
2. How long is the provident fund loan to buy a second-hand house?
The loan period of provident fund is calculated in two cases: the monthly deposit reaches the upper limit and the monthly deposit does not reach the upper limit.
The monthly deposit of 1. has not reached the upper limit.
The monthly deposit does not reach the upper limit, indicating that the lender is single and the monthly deposit is less than 25,565,438+0 (twice as much as 25,565,438+0 if married). According to the following three calculation methods, the shortest is the loan period of provident fund.
(1) Calculated according to the age of the lender.
City provident fund: 70- elderly spouse;
State-managed provident fund: 69 years old-elderly spouse.
(2) Calculated by room age
Brick-concrete (mixed): 47 room age;
Reinforced concrete (mixed): 57 room age.
Property buyers can check whether the purchased property is brick-concrete or steel-concrete through the mapping page of the house book.
The mapping page can judge whether the house is made of steel or brick.
(3) It cannot exceed 25 years.
Note: In addition to the above three conditions, the monthly repayment amount of the borrower cannot be less than twice the monthly deposit amount of the individual provident fund.
For example:
Single Xiao Wang, 40 years old, paid the state-owned provident fund and bought a second-hand house with brick-concrete structure on 20 17/992. How many years can he keep it?
By age: 69-40 years old =29 years old
According to age: 47-(2017-1992) = 22 years old.
The longest can't exceed 25 years.
Therefore, Xiao borrowed it for 22 years.
2. The monthly deposit amount reaches the upper limit.
The upper limit of the lender's monthly deposit means that the lender is single and the monthly deposit is 25,565,438+0 yuan (twice as much as the married deposit is 25,565,438+0).
According to Beijing Housing Provident Fund Management Center's differentiated policy on individual loans for housing provident fund, if the average monthly income of loan applicants exceeds 3 times (inclusive) the average monthly salary of Beijing employees (i.e. 7086×3=2 1258 yuan), the monthly repayment amount should be no less than 50% of their monthly income in principle.
If the monthly deposit amount reaches the upper limit, when calculating the loan term, you can find a common calculator in official website, Beijing Housing Provident Fund, and input personal monthly deposit amount, deposit ratio, housing appraisal price, loan amount and other information to calculate the longest loan term.
3. How long is the loan period for buying a second-hand house with a portfolio loan?
When buying a house with a portfolio loan, the loanable life of the provident fund loan and the commercial loan can be calculated separately according to the above calculation method, and the shorter one is the portfolio loan life.
For example:
Single Wang is 47 years old. He paid the municipal provident fund and wanted to buy a second-hand house with brick-concrete structure of 1993. How many years can he keep it?
1. Maximum loanable period of provident fund loan:
By age: 70-47 years old = 23 years old
By age: 47-20 = 27 years old
2. The longest loanable period of commercial loans:
By age: 65-47 = 18 years old
By age: 50-20 = 30 years old
Therefore, Xiao Wang's portfolio loan can buy a house for up to 18 years.
When calculating the loan life of provident fund, we should not only look at the age of the house and the age of the lender, but also look at whether our monthly deposit has reached the upper limit. If you reach the upper limit, you need to pay half of your salary to repay, and the loan period will be shortened accordingly.
Source: Beijing Housing Provident Fund Management Center
This content is only applicable to Beijing.
Maximum loan period of second-hand housing
The longest loan period for second-hand houses is 30 years. Whether it is a second-hand house or a first-hand house, there is a maximum age limit for loans. This is closely related to the age of the lender. Details are as follows: 1. The sum of the service life of the second-hand house and the loan life cannot exceed 30 years; 2. The age of second-hand houses cannot exceed 15 years; 3. The maturity date of the loan cannot exceed the land use period; 4. The sum of the loan term and the borrower's age shall not exceed 60 years old.
legal ground
Interim Measures for the Administration of Personal Loans Article 8 The term and interest rate of personal loans shall be implemented in accordance with the relevant provisions of the state.
How long is the loanable period of provident fund loan to buy second-hand houses?
The loan period of provident fund is calculated in two cases: the monthly deposit reaches the upper limit and the monthly deposit does not reach the upper limit.
1, the monthly deposit amount has not reached the upper limit.
The monthly deposit does not reach the upper limit, indicating that the lender is single and the monthly deposit is less than 25,565,438+0 (twice as much as 25,565,438+0 if married). According to the following three calculation methods, the shortest is the loan period of provident fund.
(1) Calculated according to the age of the lender.
City provident fund: 70- elderly spouse;
State-managed provident fund: 69 years old-elderly spouse.
(2) Calculated by room age
Brick-concrete (mixed): 47 room age;
Reinforced concrete (mixed): 57 room age.
Property buyers can check whether the purchased property is brick-concrete or steel-concrete through the mapping page of the house book.
(3) Not more than 25 years.
Note: In addition to the above three conditions, the monthly repayment amount of the borrower cannot be less than twice the monthly deposit amount of the individual provident fund.
2. The monthly deposit amount reaches the upper limit.
The upper limit of the lender's monthly deposit means that the lender is single and the monthly deposit is 25,565,438+0 yuan (twice as much as the married deposit is 25,565,438+0).
According to the housing provident fund personal loan differentiation policy of Beijing Housing Provident Fund Management Center, if the average monthly income of the loan applicant exceeds 3 times (inclusive) of the average monthly salary of Beijing employees, the monthly repayment amount shall not be less than 50% of their monthly income in principle.
If the monthly deposit amount reaches the upper limit, when calculating the loan term, you can find a common calculator in official website, Beijing Housing Provident Fund, and input personal monthly deposit amount, deposit ratio, housing appraisal price, loan amount and other information to calculate the longest loan term.
The process of buying second-hand houses with provident fund loans
1. Loan Qualification Examination
The loan applicant holds his spouse's ID card, the original marriage certificate and a copy of the real estate license to the loan counter of the management office for the preliminary examination of loan qualification, calculates the loanable amount, and receives the "Application for Approval Form for City Housing Provident Fund Loan" and related materials in line with the loan conditions.
assessment report
You don't need to make an appointment in advance to go to the designated appraisal agency where the house is located. Generally, the appraisal report can be issued in about three working days, and the specific time limit needs to be consulted by the appraisal office.
2022- 12-02 answer
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The introduction of the second-hand housing loan period in Beijing ends here.