What is the content of the new policy of foreigners buying houses in Kunming?

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Kunming, the capital of Yunnan Province, is one of the important tourist and commercial cities in China. With the development of Kunming's economy, it has attracted many migrants. So what are the policies for foreigners to buy a house in Kunming? Let's take a look!

New policy of foreigners buying houses in Kunming

1. Conditions for foreigners to buy a house in full in Kunming.

If you want to buy a house in Kunming, you need to provide at least one year's tax payment and social security certificate, and you need a stable income. If you are self-employed, you can go directly to the labor administrative department to pay social security in your own name, and then issue a certificate. In addition, make sure there are no other properties in Kunming.

2. Conditions for foreigners to borrow money to buy a house in Kunming.

In addition to proving that there is no proof of real estate and social security payment in Kunming, the relevant departments will also review the purchase conditions of buyers, so the applicant is required to provide proof materials such as his original household registration certificate, income certificate and marital status. Applicants working in other places also need to provide certificates and tax bills issued by foreign companies. The specific requirements depend on the bank applying for the loan. If it is a civil servant or teacher in Kunming, the conditions will be relatively relaxed when handling the purchase procedures.

Provident fund purchase policy

In Kunming, whether in other places or in Kunming, you can use provident fund loans. In urban areas, the term of housing loans can be up to 30 years, and the age of women cannot exceed 55 years, and the age of men cannot exceed 60 years. A family can borrow up to 500,000 yuan for two people and 300,000 yuan for a single person. Personal credit records of loans cannot be overdue for more than 6 months, credit cards and loans overdue cannot exceed 10 times, and the number of overdue days at a time cannot exceed one year.

Commercial loan purchase policy

The longest period for applying for a commercial loan is 30 years, the minimum down payment for buying a house is 20%, the interest rate benchmark rises by 10%, the minimum down payment for the second suite is 45%, and the interest rate rises by 20%. To apply for a loan, you need to produce proof of income that all the liabilities in my name are paid more than twice a month. If the income certificate does not meet the requirements, you can issue an asset certificate.

Bian Xiao concluded: The above is the new policy about foreigners buying houses in Kunming, and I hope it will help everyone.

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