Home Equity Lending Grows in First-tier, Critical Credit Source for SMEs

Caijing: 一线城市住房抵押贷款经营类利率下行 消费类此消彼长

...A customer manager of CITIC Bank's personal loan department told 21st Century Business Herald that since last year, CITIC Bank's personal home mortgage loan has experienced a process from loose to tight, and then to the current interest rate easing.

“In 2017, we put a lot of mortgage loans. By the end of February this year, we received a notice to suspend the mortgage loan of more than 2 million, and the loan interest rate also rose to over 7.03%. However, after July The funds are relatively loose. Although the current mortgage loan amount can't exceed 2 million yuan, the interest rate can be about 6.3%, but it is expected that there will be some relaxation in the fourth quarter. However, the mortgage consumer interest rate is still maintained at 7%. about."

..."At present, we are still relatively active in operating loans. Now this home loan fast loan product is a convenient financing channel for small and micro enterprises engaged in entity management. The current interest rate is about 6.7%. The credit is for three years and can be recycled. After a full week, the loan will be released. In addition, there is a 20-year repayment of the product, and the interest rate is around 7%."

...In fact, for private small micro-entities enterprises and individual industrial and commercial households with low technological content, it is still the most important financing method to obtain personal financing through shareholders and controllers. A person in charge of a textile company in Shandong told the 21st Century Business Herald reporter that although it has always said that it wants to support small and micro enterprises, for us, mortgage real estate is almost the only way to obtain loans, and credit loans are difficult to obtain.

A deputy governor of a state-owned bank in the Pearl River Delta region told the 21st Century Economic Reporter that banks have relaxed mortgage operating loans and also considered to support small and micro enterprises. "As long as the funds really enter the real economy, they will not raise the real estate prices and promote the bubble."