How To Apply For A Mortgage In China As A Foreigner

How To Apply For A Mortgage In China As A Foreigner

Getting a mortgage in China can seem a daunting process for many foreigners looking to purchase a house or apartment in China. But with the right tips, knowledge, and information, it is possible for non-Chinese citizens to get approved for a loan.

In this article, we’ll explore all the steps needed to apply for a mortgage in China, from understanding Chinese regulations to finding the best loan products available.

Who can apply for a mortgage in China?

If you are a foreigner looking to purchase property in China, you may wonder if you are eligible for a mortgage. The good news is that, in recent years, the Chinese government has been working to make it easier for foreigners to obtain mortgages in China. However, there are still some restrictions in place.

To be eligible for a mortgage in China, you must:

  • Be at least 18 years old
  • Have a valid passport or other travel documents
  • Have resided in China for at least a year
  • Have a steady income
  • Have good credit history
  • Meet the requirements of the specific bank or financial institution from which you are seeking financing

Generally speaking, self-employed individuals or those with an irregular income stream will have a more difficult time securing a mortgage than those who a company employs. It is also worth noting that most banks and financial institutions will require a down payment of at least 30% of the total purchase price.

If you think you meet all the necessary criteria, your next step is to start shopping around for the best deal on a mortgage. Be sure to compare interest rates, fees, and repayment terms before making your final decision.

What are the requirements to apply for a mortgage in China?

To apply for a mortgage in China as a foreigner, you will need to have a valid passport, a Chinese visa, and a residence permit.

You will also need to have a steady income and proof of employment.

Additionally, you will need to provide collateral and down payment funds.

Other documents that may be required include proof of any other properties you own, tax returns for the past two years, income and asset statements, and documents proving your source of down payment funds.

Your local bank or mortgage lender may also require additional documentation to process your loan application.

How do I find a home?

To start your search for a home, you can begin by looking online or contacting a real estate agent. Once you’ve found a few potential homes, you’ll need to submit an application to the bank or financial institution that’s offering the mortgage.

Be sure to include all of the required documentation, such as your income information and proof of residency.

Once your application has been approved, you’ll be able to start the process of buying your new home in China!

What is the average monthly mortgage payment?

The average monthly mortgage payment in China is RMB 2,632. This figure is based on a 30-year loan with an interest rate of 5.5%.

For foreigners looking to purchase property in China, the process can be daunting. However, with careful planning and research, it is possible to get a mortgage as a foreigner.

The first step is to find a reputable bank or financial institution that offers mortgages to foreigners. Once you have found a lender, you will need to provide them with the necessary documentation. This includes your passport, visa, and proof of income.

Once you have submitted all of the required documentation, the lender will evaluate your application and determine whether or not you are eligible for a mortgage. If you are approved, the next step is to choose a property and begin the process of purchasing it.


Applying for a mortgage in China as a foreigner can be complicated and daunting, but it is possible with the right guidance and preparation. We hope that this article has been helpful in providing you with an overview of the steps involved and some tips to help you maximize your chances of success.

With patience, perseverance, and determination, we are confident that foreign applicants have just as good a chance at being approved for a mortgage loan in China as Chinese citizens do. Good luck!