How to get a loan for an old house in Chengdu: the latest policies and practical guide
Recently, the renovation of old communities and real estate loan policies in Chengdu have become hot topics, especially the issue of loans for old houses. This article will combine the hot information from the entire Internet in the past 10 days to provide you with a detailed analysis of the policies, procedures and precautions for old house loans in Chengdu.
1. The latest developments in Chengdu’s old house loan policies (updated in 2023)
| Loan type | loan ratio | Maximum years | Interest rate range |
|---|---|---|---|
| business loan | Up to 70% | 20 years | 4.1%-4.9% |
| Provident Fund Loan | Up to 60% | 15 years | 3.1%-3.575% |
| portfolio loan | Business + Provident Fund | 20 years | Calculated on a pro-rata basis |
2. Core conditions for old house loans
1.House age limit: Most banks require that the property be no more than 30 years old (built after 1993), and some banks can relax this to 35 years.
2.Clear property rights: A complete certificate of title is required, with no mortgage or seizure record.
3.Home Appraisal: The bank appoints an appraisal agency to value the house, usually at 70%-80% of the market price.
3. Detailed explanation of the handling process
| steps | Materials required | Processing time limit |
|---|---|---|
| 1. Property appraisal | Property ownership certificate, ID card | 3-5 working days |
| 2. Bank interview | Proof of income, credit report | 1 working day |
| 3. Mortgage registration | Appraisal report, loan contract | 5-7 working days |
| 4. Loans | Proof of mortgage | Within 3 working days |
4. Comparison of policies of various banks (updated in August 2023)
| Bank name | Maximum house age | Loan ratio | Special services |
|---|---|---|---|
| ICBC | 30 years | 60% | Online pre-approval |
| China Construction Bank | 35 years | 65% | Special loan for old communities |
| Bank of Chengdu | 30 years | 70% | local express lane |
5. Frequently Asked Questions
Q1: Can I still get a loan if my house is over 30 years old?
A: Some local banks (such as Chengdu Rural Commercial Bank) can accept houses that are 35 years old, but they need to provide an additional house safety appraisal report.
Q2: Are the interest rates on old house loans higher?
A: For properties that are more than 20 years old, some banks will increase the interest rate by 0.1%-0.3%. It is recommended to give priority to provident fund loans.
Q3: How to deal with an old house without a real estate certificate?
A: You need to apply for a new property rights certificate first. You can check the original files through the housing and construction department.
6. Expert advice
1.Prioritize provident fund loans: Lower interest rates and fewer restrictions on older homes.
2.Pay attention to the old reform policy: Chengdu plans to renovate 500 old communities in 2023, making it easier to obtain loans for the renovated properties.
3.Beware of intermediary traps: Some institutions claim to be "packaged", which may involve the risk of material fraud.
Conclusion: Although there are restrictions on old house loans in Chengdu, financing needs can still be achieved through reasonable selection of banks and loan methods. It is recommended to prepare property evaluation and materials in advance to increase the approval rate.
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