What is the mortgage loan insurance

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  • / Author: Aaron Lewis
1, what is the mortgage?
Answer: a word is not law, but in practice a habitual name. It is a loan pattern, refers to the natural person with full civil capacity, at the time of purchase, some or most of the purchase to banks or other financial institutions (hereinafter referred to as the "bank") applying for the loan, to buy their property rights or options as to repay the loan according to the period of the guarantee, at the same time, if the purchase of real estate do not have direct registration of change of ownership, the commercial housing developers to purchase the repayment of the loan, to provide credit guarantee to "bank loans", to the purchase loan debt guarantee responsibility.

2, the term "mortgage" come from? The current situation how?
Answer: the term "mortgage" started from Hongkong, is a mixture of Hongkong people to the Anglo American Law on a way of security "Mortgage" free translation and transliteration. At the beginning of the ninety's, "mortgage" this new financing to buy from Hongkong to mainland China, because of its banks, developers, who will purchase the interests of the three parties formed the best combination, showing the unique features and advantages. At present, many banks have set up mortgage business and formed a set of procedures, mortgage has become an important way for people to finance the purchase of. But the existing laws, regulations and relevant judicial interpretations are not using the term "mortgage", the judicial practice is also the mortgage is equal, the applicable laws relating to mortgage to resolve legal disputes caused by mortgage.

3, what is the classification of the mortgage?
Answer: the original mortgage, only refers to the personal housing mortgage loan. But with the development of social economy, the mortgage business content also unceasingly to enrich and expand. At present, the classification of the main mortgage:
⑴ according to different subject, divided into individual housing mortgage, mortgage, car personal commercial housing (shops) mortgage, mortgage, mortgage, office decoration consumer mortgage;
According to the different attributes of housing value, divided into commercial housing mortgage, affordable housing mortgage;
According to the housing situation is different, divided into Yishoufang, secondary housing mortgage, mortgage.
In this paper, except where noted, mortgage refers only to the commercial housing mortgage loan.
4, mortgage processing involves several parties?
Answer: mortgage involved parties generally include:
The lender, which is approved by the borrower to apply for housing loans, and to the applicant bank;
The borrower to apply for housing loans, the bank loan purchase;
The guarantor, namely a loan agreement with the bank loans, loans from banks to their customers (or purchase) available for purchase loans, and assume the joint and several liability of real estate developers;
The insurer, is the mortgage loan applicants for the purchase of real estate insurance company.
What are the legal relationship between the 5, the mortgage involved?
Answer: the mortgage legal relationship involved in general:
The borrower for the purchase of real estate developers produce and sale of the housing relations;
The borrower to pay the mortgage to the bank to apply for loans, lending relationship with the occurrence of loan bank;
The borrower (collateral) to purchase housing mortgage loans to banks, mortgage and loan bank produced;
The real estate developers as a guarantee that the borrower can repay loans to banks, and banks generated guarantees;
The borrower of the banks designated by the insurance to the insurance company to purchase the property purchased insurance, but the insurance company insurance relationship with.
6, in the purchase of mortgage the legal relations in what is right?
Answer: the buyers who have right of:
(1) have the right to know, consulting, aware of mortgage related matters;
(2) have the right to request the bank lending as stipulated in the contract, the amount of loans, way;
(3) loan repayment before and after, have the right to possess, use the purchased property;
(4) the consent of the lending banks agreed to, have the right to mortgage real estate rental, transfer or otherwise dispose of gift;
(5) due to the housing sales contracts invalid, revoked in loans can not achieve the purpose, have the right to request the termination of the contract a contract for loan of money (borrowing except otherwise agreed;
(6) closing all the loan principal and interest, have the right to request the return of bank loans "real estate" and other related documents, and to apply for mortgage registration cancellation;
(7) have the right to recover default payment of bank loans.
7, in the purchase of mortgage the legal relationship in which the main obligation?
Answer: people purchase obligations have:
(1) apply for a mortgage loan, the lender shall submit the real information, not to resort to deceit;
(2) to repay the loan principal and interest to the loan contract period, the amount of;
(3) safekeeping, the use of a mortgage, because the fault induced collateral property damage, the insurance company for the insufficient part to the lending bank to undertake insurance outside the scope of the;
(4) loan settlement, without the consent of the lender, will be allowed to mortgage real estate rental, transfer, donation or other;
(5) mortgage period, should be the purchase of real estate "real estate warrants", insurance policy original data to the lender;
(6) occurred because people mortgage real estate and third disputes, or a mortgage by the judicial organs to take compulsory measures, promptly notify the loan;
(7) the change of domicile, contact, address, shall notify the bank loans in a timely manner.
8, what are the main power in the lending bank mortgage the legal relationship?
Answer: bank loans had the following rights in the legal relationship of mortgage:
(1) review the information provided by the borrower, decide whether to approve the mortgage application;
(2) require the borrower to the purchase of real estate property as collateral for the loan, the mortgage period, have the right to keep the property of the "real estate", the original insurance policy;
(3) the use of supervise the borrower mortgage property;
(4) have the right to claim the borrower without their consent, unauthorized disposition of the collateral property behavior is invalid;
(5) the borrower fails to repay the loan principal and interest, the lender has the right to dispose of property to pay off the principal and interest of the loan mortgage;
(6) fault induced by borrowers collateral property value decrease, has the right to request the restoration of mortgage real estate value or provide considerable value;
(7) the borrower fails to repay the loan principal and interest on schedule, have the right to require developers to assume full liability;
(8) the right insurance within the scope of the loan loss claim on the insurance;
9, what are the main obligation of bank loans in the mortgage of the legal relationship?
Answer: bank loans has the following main obligation in the legal relationship of mortgage:
(1) issued by the loan contract purchase loans;
(2) borrowers are paid the principal and interest of loans, the mortgage property "real estate warrants", such as the original insurance policy to;
(3) the certificate issued by all principal and interest of loans to settle, assist the borrower mortgage registration cancellation procedures.
10, developers what rights in the mortgage legal relationship?
Answer: developers have the following rights:
Has the right to urge the buyers to bank loans according to the loan contract agreed to pay the principal and interest of the loan;
It has the right to obtain bank loans to purchase mortgage;
In the generation of not timely repayment of the purchase repayment of the loan principal and interest owed by all, that lenders have to purchase the right to mortgage, including all rights, have the right to dispose of the property mortgage.
11, developers what main obligations under the mortgage legal relationship?
Answer: the main obligation of developers have:
The buyers can not repay, the bank owed to repay all loans;
The guarantee will be included in the account of bank loans purchase loans earmarked for the construction of the collateral property, shall not be used for other purposes;
The mortgage through a comprehensive inspection, within a reasonable period of time, for "real estate" and "he Xiang of", and the first two card directly pay the loan bank custody;
What are the types of 12, individual housing mortgage loans?
Answer: personal housing mortgage loans are mainly in the following three types:
The personal housing accumulation fund loan. Apply of workers paid the housing accumulation fund, purchase, build self occupied house loan;
The commercial individual housing loans. That is to say, the housing mortgage loans, apply to non paid workers housing provident fund house purchase loans;
Individual housing loan portfolio. Apply for loan of housing accumulation fund is not sufficient to pay the full purchase borrowers, may also apply for housing mortgage loans to the bank, the two is the combination of "individual housing loan portfolio".
13, what is the commercial housing? How to apply for housing mortgage loans?
Answer: commercial housing refers to the real estate developers to build houses for sale. For commercial housing mortgage loans procedures as follows:
The purchase of commercial housing sales contracts signed with the developers, and for commercial housing sale contract registration procedures;
The buyers pay the initial purchase, to the mortgage business lawyers submitted to bank loans for a variety of documents, to apply for mortgage loans;
The lawyer for the purchase information for the formal examination and witness;
The purchase loan bank submitted by lawyers witness, notary office of information for review, approval of qualified;
The bank signed a loan contract with the purchase, banks and developers signed a guarantee contract;
The mortgage contract is signed, the purchase in the law under the guidance of the notary approved lending bank to handle the relevant notarization procedures;
The lawyer for the purchase of commercial housing for the insurance, mortgage insurance policies during the originals from the loan bank custody;
Loans, bank loans to real people, usually in the loan contract or guarantee contract directly into the developers to open in the lending bank Shoufangkuan accounts or to the borrower deposit account at a bank loan;
Is the borrower repayment account opened in the bank loans, on a regular basis to the account until the settlement of all debt repayment, the loan principal and interest;
I have made during the mortgage real estate should pay the loan bank custody;
And the maturity date of a loan, the borrower if the early repayment of loans, according to the contract should be filed to the lending bank;
To settle the loan after loan, the borrower from banks "loan discharge", get real estate, mortgage registration certificate and the original insurance policy, to apply for mortgage registration cancellation procedures original mortgage registration department.
14, loan applicants need to have what conditions?
Answer: application of commercial housing mortgage shall meet the following conditions:
⑴ with full capacity for civil conduct;
⑵ a town resident accounts or valid residency certificate;
We have stable occupation and income, good credit, a loan servicing capacity;
The legal and effective purchase home housing contract, letter of intent or agreement;
There is no less than the purchase of real estate all price 10% or 30% of the funds used to pay the first payment (this is the banks to provide mortgage terms, but also a "zero down payment" mortgage business);
I voluntarily to the purchase of real estate as a loan mortgage;
The bank loans to the other conditions stipulated by the.
15, housing mortgage loans have unlimited stipulation?
Answer: China citizens with full civil capacity, the right of abode in China, with full civil capacity of natural person in Hong Kong and Taiwan, with full civil capacity of foreigners the right of abode in China Continental, as long as compliance with loan conditions, can apply for mortgage loans from banks.

16, the housing mortgage need to submit the materials?
Answer: the individual housing loan application form;
⑵ through bank loans approved lawyers witness identity documents (including the ID card, account of this, military ID; the right of abode in China mainland overseas, foreign natural person, family, home card / passport and residence certificate or any other identity document);
The issued by the relevant department of the bank approved loans to borrowers stable income proof documents or other debt paying ability;
The valid purchase contract, subscription book, agreements or other documents of approval;
The guarantee issued by the consent of a written commitment to provide guarantee and the guarantor credit certificate;
Prove that the developers provide the borrower has to pay an initial 1629;
Given the borrower's spouse and jointly apply for loans, should produce a marriage certificate and residence booklet, proof of identity;
Other documents specified by the bank, loans and.
17, how to determine the mortgage loan amount and duration?
Answer: at present, the personal housing mortgage loan amount of up to 90%, the borrower at least the first payment of the purchase of real estate 10% of the total price as down payment, can apply for mortgage loans from banks. But usually the personal housing mortgage loans for the amount of 80%. The duration of the mortgage can be determined according to the actual situation, but shall not exceed 30 years.

18, what is the second-hand housing? How to apply for second-hand housing mortgage?
Answer: second-hand housing usually refers to the completion of the new individual purchase of commercial housing, economic applicable housing or self built housing unit, has successfully see through property right card completely right, the sale of legitimate transactions in two levels of housing market.
Housing for the secondary mortgage generally divided into the following steps:
The purchase of housing sales contracts signed with the seller;
The commissioned real estate assessment agencies established by bank loans approved according to law to assess the value of housing, issued by the main report;
According to the estimate 30% to determine the initial purchase and payment;
And submit the relevant documents to the bank loans, the mortgage application;
The related data through bank loans approved by the attorney for the applicant to submit formal review and witness;
The loan bank submitted to the lawyers witnessed the purchase information for review, eligible to be approved;
He signed a loan contract and the mortgage contract, and the contract for mortgage registration, insurance, notary and other procedures, the original insurance policy to make loan bank custody;
I. loans, bank loans, according to the loan contract will loan directly into the seller account;
Ii. with the purchase of houses for the real estate transfer procedures, after the change of real estate held by bank loans;
Iii. borrower repayment account opened in the bank loans, to the accounts to bank loan interest repayment, until all outstanding loan interest;
I have the maturity date of a loan, the borrower as early repayment of loans, should according to the contract in advance to the bank loan application;
We settle the loan, borrowers from loans in banks "loan discharge", get real estate, mortgage registration certificate and the original insurance policy, to apply for mortgage registration cancellation procedures original mortgage registration department.
19, the housing for the secondary mortgage what materials need to submit?
Answer: the individual housing loan application form;
The proof of identity (identity card, residence booklet, military ID; the right of abode in Chinese overseas foreign passport, natural and man-made, visiting card, return card, residence certificates or other ID);
The bank loans approved resident identity card, residence booklet, military ID, the right of abode in Chinese overseas foreign passport, natural and man-made, visiting card, return card, residence certificates or other ID proof of income;
The sign and the houses were legitimate, effective housing sales contract or agreement;
The borrower has to pay the seller issued the first proof of payment;
The purchase of housing management authority documents and housing property rights of people agree with the written authorization of the sale of housing files;
The evaluation report issued by the assessment of real estate loans bank recognized the value of housing;
⑻ guarantee agreement written commitment to provide guarantee and the guarantor credit certificate;
"If the borrower's spouse and jointly apply for loans, should produce a marriage certificate and residence booklet;
That bank loans required to provide documents or other information.
20, what is the housing accumulation fund? What is the use?
Answer: housing provident fund refers to the state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non enterprise units, social groups and their workers paid into the long-term housing savings.

The social group and individual workers to pay and long-term storage, to pay in the future to buy, build self occupied housing, renovation, overhaul occupied housing costs with the reserve fund. According to the regulations, housing provident fund can only be used for employee housing consumption and housing construction financing, not diversion.

21, housing provident fund subscribers who enjoy what right?
Answer: housing provident fund subscribers are mainly have the following rights:
By the provisions of the housing provident fund;
We apply for the housing accumulation fund loan;
The negative pay income tax on the provident fund (i.e. individual pay part of more than 800 yuan, less should pay the provident fund amount after the calculation of personal income tax);
The query I provident fund payment, extraction, amount etc..
22, under what circumstances, workers can withdraw housing provident fund?
Answer: the employee is under any of the following circumstances, can apply for to withdraw storage balance employee housing provident fund account:
The purchase, construction, renovation or repair of the home ownership housing;
The purchase loans to repay principal and interest;
The rental home;
The retired, retirement (or reach the statutory retirement age);
⑸ lose labor ability completely, and termination of labor relations unit;
It can settle abroad;
The non and units account workers in the city to terminate the labor relationship;
⑻ household to move out of the city, and termination of labor relations unit;
"Laid-off and unemployed personnel, male 45 years (including 45 years), women 40 years of age (including 40 years) above, and for laid-off, unemployed for 12 months or more;
We workers killed or declared dead, their heirs, legatee can extract employee housing provident fund accounts of the balance of storage.
According to the above 1 - 3 extraction, extraction amount retained to a ten bit integer; according to the 4 - 10 extraction, and the cancellation of employee housing provident fund account. The staff in advance from the housing accumulation fund shall not exceed the total purchase, construction, rehabilitation, overhaul occupied housing cost or purchase loans to repay principal and interest.

23, I extracted housing provident fund low how to do?
Answer:
Purchase, construction, rehabilitation, overhaul occupied housing, housing provident fund shortage if extraction under my name, the spouse, the same households (Live) a family member or other relatives agreed, and designated by the financial institutions to determine mechanism after confirmation, can extract the spouse, the same households (Live) a family member or other immediate family members of the housing provident fund, also can apply for housing provident fund loans to the housing provident fund management department.

24, what is the "personal housing accumulation fund loan"? What are the characteristics compared with other types of loans?
Answer: personal housing accumulation fund loans, refers to the provisions of the housing accumulation fund system, with its purchase in this city ordinary occupied housing as collateral to apply for housing provident fund policy of low interest loans.
Individual housing provident fund "low low deposit" policy, calculated in accordance with the statutory period of half year time deposit rate, much lower than the other types of loan interest rates. At present, less than 5 years (including 5 years) personal housing accumulation fund loan interest rate of 3.60%, commercial individual housing loan interest rate of 4.77%; 5 years of personal housing accumulation fund loan interest rate of 4.05%, commercial individual housing loan interest rate of 5.04%. Interest is the main feature of personal housing accumulation fund loan.

25, apply for housing provident fund loans need to meet the conditions?
Answer: to apply for housing provident fund loans shall meet the following conditions:
(1) a town resident accounts or valid residence documents;
(2) for housing provident fund subscribers for more than half a year, the accumulated provident fund of not less than 2 years;
(3) self raised funds to the purchase price of housing more than 30% (including 30%);
(4) a stable occupation and stable source of income, loan servicing capacity;
(5) signed a housing contract or purchase agreement;
(6) subject to the other conditions stipulated by the trustor and trustee.
26, apply for housing provident fund loans need to submit what information?
Answer: to apply for housing provident fund loans shall submit the following documents:
(1) housing provident fund personal loan application;
(2) identity documents (identity card, residence booklet or ID card);
(3) where the units issued by the certificate of the borrower stable income proof or other debt paying ability;
(4) a valid purchase contract, agreement or other document of approval;
(5) mortgage inventory, management authority documents, proof of the rights of people with mortgage;
(6) issued collateral real estate assessment agencies housing provident fund management departments approved assessment report;
(7) the guarantor issued a written commitment to provide security and guarantor of the credit certificate;
(8) the borrower for the relevant certificates of payment of the purchase of housing down payment funds;
(9) other documents prescribed housing provident fund management and information.
27, how to apply for housing provident fund loans?
Answer: the provident fund for housing loan shall follow the following steps:
(1) the borrower a written loan application and submit relevant information, can be presented to the bank loans, loans from banks to accept after the housing provident fund management department for approval, can also directly to the housing provident fund management departments to apply for, waiting for approval;
(2) through the housing provident fund management department for examination and approval of the borrower, signed the loan contract and guarantee contract with bank loans, mortgage registration, insurance, notary and other related procedures;
(3) loans according to the loan contract, the loan or a sub sub into the special account Shoufangkuan developers set up in the bank loan, or directly into the deposit accounts opened in the bank loan;
(4) the borrower repayment account opened in the bank loans, the loan contract agreed repayment and the repayment plan, to repay the loan principal and interest on schedule;
(5) loans to settle, the Borrower Loans from the banks "loan discharge", to retrieve the mortgage registration certificate and the original insurance policy, to go through the formalities for deregistration mortgage the mortgage registration department.
28, housing provident fund loan amount, term to have any restrictions?
Answer: according to the "individual housing loans management measures" provisions of the housing accumulation fund loan maximum amount shall not exceed 2 times the debt retirement age as their family members housing provident fund amount. Guangzhou city is currently the highest amount of the provident fund loans for the purchase price or to assess the value of 7 (calculated by low value), a total of not more than 250000 yuan.

According to the regulations, unemployed workers cannot stage to apply for housing provident fund loans.
29, what is the "individual housing loan portfolio"?
Answer: the individual housing loan portfolio, refers to the personal housing mortgage loan conditions borrowers also paid by the housing provident fund, to apply for mortgage loans, apply for individual housing provident fund loans to banks. In the purchase of commercial housing, both personal housing accumulation fund loan with bank mortgage loans, "individual housing loan portfolio is".

30, to apply for individual housing loan portfolio should be consistent with what conditions?
Answer: to apply for individual housing loan portfolio must also comply with the provisions of provident fund loans and bank loans for housing mortgage loans. Specifically,
Has the city urban resident accounts;
We have deposited in the housing provident fund;
We have stable occupation and income, good credit, a loan servicing capacity;
The legal and effective occupied housing purchase contracts, agreements or other documents;
It is used to pay purchased real estate price more than 20% of the first payment of funds (the first payment from the bank loan provisions);
I willing to purchase property as collateral;
It is in conformity with the provisions of the local fund management sector borrowing conditions;
⑻ bank loans to the other conditions stipulated.
31, how to determine the combination of loan amount and duration?
Answer: the bank individual housing loan portfolio of the amount and duration of different regions, with different provisions, in practice, to such loans refer to bank loan application guide, generally speaking:
The maximum amount of such loans for the purchase of real estate sales price or appraised price (to two low amount of quasi) 80%, the provident fund individual housing loan maximum amount shall be in accordance with the relevant provisions of the local housing provident fund management department;
In the regulations of the people's Bank of China maximum loan period (at 30 years), from the provident fund management sector and the lending bank according to the actual situation of the borrower, respectively, to determine the loan period.
32, apply for the loan portfolio is required to submit the materials?
Answer: applications portfolio loans shall be submitted:
The provident fund personal loan application, the individual housing loan bank loan application;
The identity documents (identity card, residence booklet or ID card);
The certificate issued by the relevant departments to fund management approval departments and the bank loan borrowers stable income proof or other debt paying ability;
The valid purchase contract, agreement and other documents of approval;
The voluntary to purchase a written commitment to the property mortgaged;
I issue a provident fund management departments and the bank approved loans to real estate assessment agencies of the mortgage property assessment report;
The borrowers for the payment of the purchase of the first payment of funds to prove;
Request departments and bank loans, provident fund to provide other documents and materials.
33, how to apply for individual housing loan portfolio?
Answer: for individual housing loan portfolio of programs usually:
The borrower will be required to submit a written application for a loan respectively to the housing provident fund management sector and the lending bank, and submit the relevant data;
The borrower to obtain personal housing accumulation fund loans, provident fund management department issued the "provident fund housing loans to individuals entrusted notice", to apply for the loan portfolio to the lending bank;
The bank agreed to loan, the borrower and the lending bank personal housing accumulation fund loans and individual housing mortgage loans were signed loan contract and guarantee contract;
And after the signing of the contract, according to the provisions of the registration of mortgage, insurance and other necessary procedures, real estate mortgage period, the original insurance policy to a bank for safekeeping;
The bank loans in accordance with the loan contract, the loan directly to borrowers deposit account at a bank loan, or loan or a sub sub into a special account opened in the bank loans to developers shoufangkuan;
In accordance with the loan contract between the borrower repayment plan and method of repayment, scheduled to open in the bank loan repayment account to repay the loan principal and interest;
The loan settlement, to the lending bank "loans for clearance certificates", to retrieve the mortgage of real estate and other mortgage registration documents and the original insurance policy, to go through the formalities for deregistration mortgage the mortgage registration department.
What are the 34, the repayment of mortgage loans?
Answer: the borrower should develop servicing plan with bank loans, usually agreed repayment:
The term of the loan in a year (including one year), due to a loan servicing, with the benefit of clear;
The loan period in more than a year, the monthly return of the loan principal and interest. There are two specific calculation method, namely matching repayment and the repayment law.
35, what is the matching repayment law? What are the characteristics?
Answer: matching repayment method also called matching interest repayment law, the monthly matching repayment of the loan principal and interest. The calculation formula of matching repayment law:
Monthly interest rate X (1+ monthly interest payments) the number of periods
The monthly repayment amount = -- -- -- -- -- -- -- -- X amount of loan
(1+ monthly interest payments) total number -1
Feature matching repayment law is throughout the repayment period, the monthly repayment amount is kept constant (except when the adjustment of interest rates), advantage of borrowers can accurately grasp the monthly repayment amount, the family and systematic arrangements.
36, what is the repayment law? What are the characteristics?
Answer: decreasing the repayment method is also called matching principal repayment law, refers to the monthly average return of the loan principal, interest on the loan repaid monthly settlement. The calculation formula of repayment law:
Monthly repayment = loan amount / contributions total number + (the loan principal - has also principal) * monthly interest
Feature reduction repayment method is the principal repayment period in the entire average allocation, interest is calculated according to the loan principal balance daily, monthly repayment amount reduced gradually, but the repayment of principal speed is kept constant, is suitable for early repayment repayment capability, and hope in the repayment period to reduce interest payments are large sums of money to the borrower.

37, how to determine the mortgage interest rates?
Answer: the loan period of 1 years (including 1 years), executive under half a year (including half) legal loan interest rates;
The period of 1 to 3 years (including 3 years), 6 months to 1 years (including 1 years) legal loan interest rates;
The period of 3 to 5 years (including 5 years), 1 to 3 years (including 3 years) legal loan interest rates;
The period of 5 to 10 years (including 10 years), 3 to 5 years (including 5 years) legal loan interest rates;
In the period of 10 years, in 3 to 5 years (including 5 years) legal loan interest rate based on the appropriate surface, the floating rate shall not exceed a maximum of 5%.
38, the repayment period, in case of adjustment of the legal interest rate how to calculate the interest?
Answer: the duration of the loan within 1 years (including 1 years), the implementation of the contract rate, when the statutory rate adjustment, not sub bearing;
The term of the loan in 1 years or more, such as the case of adjustment of the legal interest rate, should be in January 1st next year, according to the relevant people's Bank loan interest rate adjustment and to determine the new monthly amount. Simply speaking, every new year's Day is published by the people's Bank loan interest rates or the implementation of the loan interest rate, is the loan interest rate.

39, what is the personal commercial housing loan?
Answer: personal commercial housing loan refers to the loan bank borrowers to apply for, to the issuance of loans for the purchase of commercial China self in domestic housing and office space occupied, the borrower will be purchased property as collateral for repayment of the loan guarantee.
40, what people have the right to apply for personal commercial housing loan?
Answer: China citizens with full civil capacity, the right of abode in China, with full civil capacity of natural person in Hong Kong and Taiwan, with full civil capacity of foreigners the right of abode in China Continental, as long as compliance with loan conditions, can apply for personal commercial housing loan.

41, for personal commercial housing loan should have what conditions?
Answer: for personal commercial housing loan shall meet the following conditions:
The need for effective urban resident accounts or residence certificates;
We have a stable income, have the ability to repay the loan principal and interest, no bad credit records;
There are legitimate and effective to buy commercial requirements for housing contract, agreement and other documents to bank loans;
And there are no less than 40% of the value of purchased commercial assessment of self financing housing, and to ensure payment for the purchase of commercial housing first payment (payment from the bank loan provisions);
It can provide effective guarantee approval of loan bank;
The bank loans to the other conditions stipulated by the.
42, personal commercial housing loan duration and amount have unlimited?
Answer: according to the regulations of bank, it is common practice, personal commercial housing loan for the longest period of not more than ten years, the remaining useful life and no more than the purchase of commercial housing; the purchase of commercial housing, office buildings all price the loan amount can not exceed the purchase of commercial housing sales price or evaluation evaluation of the real estate price mechanism (two, whichever is lower) 60%.

43, how to determine the personal commercial housing loan interest rates?
Answer: should be in accordance with the provisions of the people's Bank of China earlier grades loan interest rates, the grade benchmark interest rate (February 21, 2002 onwards):
The loan period of 1 years (including 1 years): loan interest rate of 5.31%;
The loan period of 2 to 3 years (including 3 years): loan interest rate of 5.49%;
The loan period of 3 to 5 years (including 5 years): loan interest rate of 5.58%;
The loan period of 5 to 10 years (including 10 years): loan interest rate of 5.76%.
If interest rates change during the loan, according to the provisions of the people's Bank of China execution.
44, apply for personal commercial housing loan to submit what information?
A: the application for personal commercial housing loan shall submit the following documents:
The personal commercial housing loan application form;
ID