The People's Bank of China and the China General Administration of Financial Supervision and Administration issued a notice on “Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Accelerated Construction of a New Model for Real Estate Development”. It states that the commercial property for which the loan is applied for should be a completed and registered house. Banking financial institutions should meet the minimum down payment ratio requirements when issuing commercial housing purchase loans. The term of a commercial home purchase loan is generally no more than 10 years, and the maximum period is no more than 15 years.
Zhitongcaijing · 2d ago
Share
Listen to the news
The People's Bank of China and the China General Administration of Financial Supervision and Administration issued a notice on “Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Accelerated Construction of a New Model for Real Estate Development”. It states that the commercial property for which the loan is applied for should be a completed and registered house. Banking financial institutions should meet the minimum down payment ratio requirements when issuing commercial housing purchase loans. The term of a commercial home purchase loan is generally no more than 10 years, and the maximum period is no more than 15 years.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending