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 · 1d ago
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.