Recently, people in Zhongshan’s property market have become increasingly confused. Many projects have increased prices across the board, but some projects have offered 10% off discounts to attract home buyers. I believe many people are once again entangled in whether it is suitable to enter the market now.
On the other hand, mortgage interest rates seem to be restoring some confidence. On March 4, it was reported that many banks in Shenzhen have lowered the interest rates for second-hand housing loans. Among them, China CITIC Bank can increase the first-time second-hand housing loan interest rate by 8% on the basis of the benchmark interest rate; the Bank of Beijing can increase the first-time second-hand housing loan interest rate by 8%, and the second-hand housing loan interest rate can be increased by 8%. Suites are subject to an increase of 12%. rong360 Big Data Research Institute analyzed that Shenzhen’s mortgage interest rates are more obviously controlled by policies. Whether it is a first or second home, the overall mortgage interest rate market is showing a downward trend.
Zhongshan Will the mortgage interest rate be adjusted accordingly? Lejujun logged into Rong360 official website to make inquiries, and was a little surprised!
The webpage shows that the interest rate for first-time home buyers in Zhongshan area Guangzhou Bank is the benchmark interest rate, and China Merchants Bank, Bank of China, and Agricultural Bank of China all offer a 10% discount. If it is true, then home buyers will be happy! However, Lejujun contacted various banks in Zhongshan and got different results.
Zhongshan’s first home loan interest rate has a minimum increase of 10%
It is understood that Zhongshan’s home loan interest rates have fluctuated slightly for several months, but are generally relatively stable. Generally, bank first home loan interest rates have increased by 20% or less above the benchmark. Among them, the lowest is China Merchants Bank, with a benchmark increase of 10%; Rural Commercial Bank, Postal Savings Bank, Bank of Communications, Guangfa Bank, Shanghai Pudong Development Bank, Bank of East Asia, Bank of Guangzhou, China CITIC Bank, Minsheng Bank can have a minimum benchmark increase 15%; Bank of China rose by 18%.
Most second-home loans have an increase of 20-25%
In terms of second-home loans, the lowest is also China Merchants Bank, which only has an increase of 15% above the benchmark. Many other banks generally raised prices by 20-25%, with the highest one being China Everbright Bank, which raised by 30%.
In Zhongshan, to qualify for home purchase, you need to apply for a house and a loan, and the down payment for a second home is 40%. If it is purchased with provident fund and the provident fund has sufficient loan limit, the down payment for the second house will also be 20%.
The housing loan limit is sufficient.
Leju editors learned that there is no access mechanism for second-hand housing loans for real estate. Home buyers can choose freely, but individual banks may have preferential treatment or restrictions for different intermediary companies. For example, CITIC Bank only cooperates with Lianjia. You may wish to learn more about it before choosing a bank.
In terms of loan amount and loan time, many banks said that the loan amount is sufficient, and the loan time is mostly about 1-2 months. The main thing buyers need to care about is the filing time or the time for the second-hand house certificate to be issued. There are also some banks with faster deadlines. For example, the approval time for first-hand housing loans of China Everbright Bank is T+3 days, and the loan time is T+1 days after completing the pre-mortgage registration ; Postal Savings Bank’s first-hand housing loans generally meet the loan conditions on the same day or the next day. The bank will lend money. Generally, the loan will be issued within 1 or 2 weeks after the second-hand house is issued the certificate. China Merchants Bank will lend money in about one week if the information is complete.
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