You can buy a house with a down payment of 20%, so the down payment of 40 thousand, plus the handling fee, is almost enough for 50 thousand Or buy a smaller house, with less total house payment and less down payment.
If you have a provident fund, you can get a provident fund loan if you pay it continuously for one year or half a year (some cities require it to be paid continuously for one year, while others require it to be paid continuously for six months). Commercial loans are also acceptable. Generally, you will be required to issue a salary certificate for three consecutive months or more. The interest rate of provident fund is lower than that of commercial loans.
You can borrow160,000-200,000, regardless of provident fund or commercial loan. There is no guarantee, only proof of salary. There are two repayment methods: equal principal and interest and average principal. The former pays the same amount every month. The latter is decreasing, and the pressure in the early stage is great. There are loan calculators online. You can search and do the math yourself. Commercial loans are mostly 1 year to 30 years. Choose the loan term according to your monthly repayment ability. General loans 10, 15, and the estimate for 20 years is similar. Provident fund loans, but the loan period is your retirement age MINUS your current age.
Before you officially buy a house, you can call the housing provident fund or the bank to see your loan amount and years. This will help you feel relaxed. If you can't repay the loan after signing the contract, it will be more troublesome to pay liquidated damages.
Choose a big bank, don't worry. If you don't have a provident fund now, use a commercial loan, and in a few years, you can convert the commercial loan into a provident fund loan, which can save interest. Generally, large banks can transfer interest by paying an extra month or two, while small banks are generally reluctant to transfer. If you have spare money, you can repay it in advance once a year.
If it is a foreign household registration to buy the first suite, it must be in accordance with the foreign purchase policy. But it should not be too different from the above. I hope I can help you.
I want to add that the above is the purchase of new commercial housing. If you buy a second-hand house, the down payment may be higher, and recently there is a policy to charge more than 20% tax, which is not very cost-effective.
You can't just buy a house cheaply. There are 70 years of domestic production, 50 years of military industry and 40 years of real estate. Be sure to buy a 70-year-old domestic product. Buy the property of a big developer. It is best to have an existing house and be cautious about the auction, because some small developers will build an auction house and may hand it over when. Make sure you can buy it before paying the deposit, otherwise the deposit will not be refunded.