Buying a loft house is easy to rent out. Loft apartments are usually small units with a floor height of about 5 meters and an area of ??30 to 50 square meters. Because it can be divided into two floors, the actual usable area can be nearly twice the purchased area. In addition, there are many changes in high-rise space, and homeowners can design according to their own preferences.
The loft style is a bold and unrestrained decorative design style, but it has many characteristics that other styles cannot have. For example, it can separate lighting for various spaces such as living, social, and collection. Loft style decoration is generally reserved. In addition to the simple decoration of the factory, it also adds fashionable elements to the home. This is how the loft style creative decoration is designed.
Can I use provident fund loans to buy a loft?
You cannot use provident fund loans to buy loft apartments because loft apartments are commercial properties. Provident fund deposit employees who purchase office and commercial buildings, garages, villas and other non-residential houses, purchase part of the property rights of a house, or purchase housing land that is non-state-owned land cannot apply for provident fund loans.
Restrictions on housing provident fund loans:
1. Have legal status.
2. Have all civil capacity.
3. Have a reliable career and stable income, good credit status, and sufficient ability to repay the principal and interest of the loan.
4. Purchase or renovate a self-occupied house.
How many years can a loft loan be borrowed?
You can borrow for 10 years, 15 years, 20 years, or 30 years. Choose different loan terms based on your own circumstances. Under normal circumstances, banks will also determine the loan term based on the conditions of the borrower. In short, the longer the loan term, the higher the interest paid. If your financial income is relatively stable and enough to repay the loan, then choose a shorter loan term. If your income is relatively small, then choose a longer loan term.