Can I mortgage the parking space?

Yes, you can. Like mortgage, there is now a special parking loan business. This business is linked to real estate, which generally requires a house or a purchase contract in the community.

The term of parking loan is long, generally ranging from 1 to 3 years, and the longest is 5 years; There are many repayment methods, such as equal monthly payment and average principal. The guarantee is simple, providing property mortgage, pledge or third-party guarantee approved by the cooperative bank.

The individual who applied for a personal garage loan has applied for a first-hand housing loan in the bank, and the housing loan has not been paid off. The applicant bought a garage parking space in his residential area. When handling the garage parking loan, the bank will evaluate the garage parking space, compare it with the transaction price of the garage parking space purchased, and give a certain amount of garage parking space loan at a lower price, with the highest proportion not exceeding 70% of the transaction price of the garage parking space and the lower price of the evaluation price, and the loan period not exceeding 10 years and less than the remaining repayment period of the housing loan.

Application conditions:

The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct;

② The borrower can provide corresponding guarantee;

(3) The borrower can provide corresponding proof of consumption purpose;

(4) The borrower has repayment ability and no record of non-performing loans.