8.6 C
Friday, April 12, 2024
Home Finance Buying a Second House, Down Payment Reduced from 70% to 30% in...

Buying a Second House, Down Payment Reduced from 70% to 30% in Shenzhen, Bank Responds Urgently

The news of “Shenzhen second house down payment becomes 30%” quickly occupies the screen in the circle of friends. It’s said that CCB will launch a mortgage cloud loan policy and relax the mortgage loan policy. Down payment of the second house will be changed from 70% to 30%.

Down payment information spread online
Down payment information spread online

According to the news released by We Media, “CCB began to relax and add mortgage loans”, is this real?

The Interpretation of We Media
The Interpretation of We Media

Today, the Shenzhen Construction Bank told the reporter that recently, some information from the media about our branch’s reduction of the down payment for the second house was misread. At present, there is no change in the personal housing credit policy of Shenzhen Construction Bank. The down payment ratio of the first home loan is not less than 30%, and the down payment ratio of the second home loan is not less than 70%.

Since the policy has not changed, why are there misunderstandings?

The bank explained that it has introduced a series of small and micro-enterprise support policies. Misreading information from the media mentioned that the Shenzhen Branch’s inclusive financial loan product-“Cloud Quick Loan”, which specifically serves small and micro enterprises’ production and operation needs, the related measures do not involve personal housing loans.

According to related insiders, as early as February 19th, in the fourth quarter of 2019 Chinese currency execution report issued by the central bank, it reiterated once again that it insists on the positioning of houses for living, not speculation, and does not use real estate as a short-term stimulus Economic means.

In the early morning of February 28, the China Construction Bank Shenzhen Branch issued a statement.

The following is the original statement:

Some reports from the media that our branch lowered the down payment for the second house were misread. The personal housing credit business of our branch strictly implements the regulatory requirements and actively supports the stable and healthy development of the real estate market. At present, there is no change in the personal housing credit policy.

After the outbreak of coronavirus epidemic, in order to actively implement the central policy, serve the real economy, and support enterprises to resume production and resume production, our branch quickly launched a series of “resumption loans”, loan extensions, increased grace periods, repayment of loans without repayment, emergency measures such as easing the guarantee method will help small and micro enterprises affected by the epidemic accurately and supplement operating cash flow. Related measures do not involve personal housing loans.

Statement of CCB
Statement of CCB
Avatar photo
Nancy Huang
I'm a journalist in Shenzhen, China. I have been working in several news agencies in China since 2008.


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

The Sweetest Pear in Autumn

There is a pear in Dangshan, Anhui Province. It is firmly seated on the throne of the first of the three traditional...

This Lake Has the Most and Cheapest Fish

Recently, Mr. Liu, a citizen of Lu'an City, Anhui Province, said that the water level of Chengxi Lake had dropped sharply, this...

The Most Popular Luosifen in Taiwan

On August 5th, the news that the map could show every street in Taiwan Province spread, and many netizens went to find...

China’s Longest Wooden Arch Bridge Are Burned Down

On the evening of August 6, a fire broke out at the Wan'an Bridge in Pingnan, Ningde, Fujian, a key cultural relics...

The Best Watermelon Kingdom

A Chinese folk proverb says: Eat watermelon in summer, you don't need to take medicine. 8424, watermelon

The Sweetest Grapes Are Here

It is said that the grapes in Turpan are good. According to preliminary statistics, more than 500 varieties can be called the...

The Most Delicious Cherry in Dalian

When many people see plump and textured cherries in the supermarket, they can't help but say, "Are these cherries?"Well, he really doesn't...

The Most Delicious Peach that You Can Drink

Wuxi Yangshan Town has a history of growing peach for more than 700 years, and is well-known as the "Hometown of Chinese...

The Most Expensive Cabbage, One for 50 Yuan

According to South Korea's "World Daily" report on the 26th, due to the soaring price of Korean cabbage recently, the price of...

The Most Delicious Mongolian Milk Tea

In Hohhot, Inner Mongolia, the first ray of smoke rose from an old milk tea house in the early morning. At five...

The Most Popular Luxury Train Tours in China

In this hot summer this year, high-end train tours are quietly emerging in China. From Urumqi to Turpan Ring Road, from Hulunbuir...

Highest Temperature, Tourists from all over the Country Flock to Yunnan

Since July, high-temperature warnings have been issued frequently across the country, and finding a cool place has become the first choice for...