In the home loans, the state allows real estate construction enterprises to legally acquired land use right mortgage loan, or lower interest rates and extend repayment length, for homeowners to implement home construction loans, to address the housing construction process funding. While the high-end construction projects can not make any loans to reduce loan or loans to higher lending rates and shorten the life.
According to the Ministry of Construction and other ministries and the “Opinions” provisions of the state-owned commercial banks should take measures to support scientific research institutes, universities, cultural groups and health institutions self-built affordable housing, support science and technology, education, culture and health sector employees to buy economy housing. Of the approved affordable housing, as long as the projects have started construction conditions, the self-financing unit of actual investment to reach 20% of project investment, and buyers have already been implemented object, state-owned commercial banks to issue loans for housing construction.
Tags: home construction loans