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Chinese Banks Roll out ‘100 Year Loans,’ ‘Heart-to-Heart Loans,’ to Relieve Housing Price Pressure

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Chinese Banks Roll out ‘100 Year Loans,’ ‘Heart-to-Heart Loans,’ to Relieve Housing Price Pressure
A sales person introduces properties to a potential buyer at the 2010 Beijing Spring Real Estate Trade Fair on April 10, 2010 in Beijing, China. Feng Li/Getty Images
David Chu
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News Analysis

Banks in many places in China have reportedly introduced“heart-to-heart loans” that encourage unmarried couples to apply for home loans before they are married; and “centenary loans” that allow children to inherit their parents’ loan and extend the repayment period to 100 years. Experts believe that such relaxation of loan repayment time limits and borrower conditions could be intended to relieve the pressure of high housing prices that has undermined the country’s real estate market.

David Chu is a London-based journalist who has been working in the financial sector for almost 30 years in major cities in China and abroad, including South Korea, Thailand, and other Southeast Asian countries. He was born in a family specializing in Traditional Chinese Medicine and has a background in ancient Chinese literature.
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