The pledge limit includes the movable property pledge limit and the rights pledge limit.
Pledge of chattels means that the debtor or a third party transfers its chattels to the creditor for possession and uses the chattels as a guarantee for the creditor up to the maximum limit.
The rights pledge amount refers to the shares and stocks that can be transferred in accordance with the law in the form of bills of exchange, checks, promissory notes, deposit receipts, warehouse receipts, bills of lading, trademarks, patents, copyrights that can be transferred in accordance with the law, and things that can be pledged in accordance with the law. Other rights and other rights are used as the maximum limit of guarantee for the subject of pledge.
One-third can be understood in terms of numerical meaning.
In layman’s terms, the mortgage amount is the maximum loan amount given to you after evaluating the capital of your loan
Take housing mortgages as an example
Nowadays, various banks have different regulations on operations and loan products.
And you can also choose based on your actual situation.
A simple mortgage loan can generally only lend 50% of the appraised price of the property;
There is a practice called revolving credit, which is to give you a line based on the appraised price of your property. As long as it is within this limit, you can withdraw cash at any time (there is a minimum withdrawal limit, not exceeding the maximum credit limit);
Some banks are relatively flexible and can handle loans for up to 30 years.
The interest rates for mortgage loans are now the same as those for commercial home purchase loans, but the preferential interest rates for home purchase loans are not available.