The maximum mortgage loan limit is relaxed to 70%! Can you really get a loan? Data exposure: Bank funds have already "shifted positions"

Judging from the new loans granted by the five major banks, it is quite obvious that the housing loan boom has subsided. (Picture/Information photo)

The central bank announced on September 17 that starting from September 18, the maximum percentage of second home purchase loans for natural persons will be increased from 60% to 70%, but there will still be no grace period. Mortgage policies have been loosened again, and the market is paying attention to whether funds will flow back into the housing market. However, judging from the latest credit data from the five major banks, the proportion of mortgage loans in bank loans is still lower than corporate capital needs, and the capital structure has not fully shifted to the housing market.

Chen Mengyun, associate director of the market research office of Zhengxin Real Estate Appraisers United Firm, said that this loosening of mortgage loans should be viewed separately from the interest rate policy. The central bank kept the policy interest rate unchanged, which means that the overall borrowing cost policy has not yet changed. The increase in the loan ratio of the second household is due to the adjustment of specific mortgage restrictions after considering the cooling of the housing market and the improvement of bank real estate credit concentration.

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Judging from the new loans granted by the five major banks, it is quite obvious that the housing loan boom has subsided. In 2013, the five major banks' new home purchase loans were approximately 1,163.2 billion yuan, which was higher than the capital expenditure loans of approximately 973.5 billion yuan. However, in 2014, home purchase loans fell to approximately 769.3 billion yuan, a year-on-year decrease of 33.9%, while capital expenditure loans were 830.4 billion yuan, a year-on-year decrease of 14.7%, surpassing mortgage loans.

In the first seven months of this year, the gap between the two widened further. The five major banks' new home purchase loans were about 379.9 billion yuan, and capital expenditure loans were about 531.2 billion yuan. The latter was about 39.8% higher. It shows that the demand for bank funds is no longer highly concentrated in the residential market. The increase in demand for corporate investment, factory construction, expansion, and turnover has also dispersed bank credit allocation.

Chen Mengjun pointed out that this cannot be directly interpreted as companies "stealing mortgage funds", but it can be seen that the financing needs faced by banks have become more diversified. The central bank also pointed out that the demand for investment in AI-related industries, corporate working capital and personal financial management working capital has increased this year. From January to July, the average annual growth rate of all bank lending and investment reached 8.23%.

It is worth noting that the second home mortgage loan has been relaxed from 50% and 60% to 70%, which does not mean that home buyers can directly borrow 70%. The central bank relaxes the highest percentage in the policy. The actual loan approval still depends on the borrower's income, liabilities, credit conditions, house appraisal and bank credit policy.