This creates a vicious cycle where you can’t buy assets without money.
Without assets, you can’t get a loan and you can’t run a shop.
In order to break this deadlock, I would like to start an installment payment business in our bank.
If the buyer has no money and wants to buy a shop, he can come to our bank.
Our bank can advance the purchase price for them and sign an installment repayment contract with them.
This period can range from a few years to several decades.
During these years, the homebuyer will need to pay the bank a certain amount of money each month.”
Li Hui's eyes lit up when she heard Zhang Xudong's words and asked:
“You mean we paid for his house.
After obtaining the real estate certificate, can you use the property as a mortgage loan?
This works, but what if the customer can’t even pay the first month’s loan?”
“This requires a down payment system.
For example, if a shop is priced at 50,000 yuan, you can stipulate that a down payment of 10,000 yuan is required and then a loan of the remaining 40,000 yuan can be applied for.
Of course, transaction fees, taxes, etc. must be paid together with the down payment.
This is just a rough idea. You still need to improve how to implement it.
If this loan method works well, it can achieve multiple goals at once.
The difficulties faced by businesses, banks, and customers were immediately resolved.”
“This is a really good idea, it’s a new business.
I think we can also develop this business in Hong Kong.
There are many people in Hong Kong who cannot afford to buy a house, so the business volume should be quite large.
Dongzi, do you have any other business?
If we at Huaqing want to catch up with those established banks, we have to come up with a surprising strategy.”
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