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Frequently Asked Questions on Mortgage Loan for Business Property of Postal Savings Bank (Quota, Term and Interest Rate)

deadline

The term of mortgage loan for operating real estate is generally 5 years, the longest of which shall not exceed 10 year, and shall not exceed the statutory operating period or term of the borrower; When the loan term expires, the mortgaged property should still have a reasonable remaining service life, which should not be less than 10 year in principle.

loan rate

With the benchmark interest rate of loans of the same term and grade determined by the People's Bank of China as the benchmark, floating appropriately.

Repayment method

Repay according to the sales progress, and repay the principal at least once in the second half of the payment period.