For shop loans, the minimum down payment is RMB 50, the maximum loan period is 10 years, and the interest rate is 1.1 times the legal interest rate. Personal shop loan application process Application conditions 1. Chinese citizens who are over 18 years old and have full capacity for civil conduct Citizen; 2. Have a permanent residence in this city or a valid residence identity certificate; 3. Have a stable income, and the monthly income shall not be less than 40% of the monthly repayment amount; 4. The purchased shop must be an existing house; 5. The borrower and the property The developer has signed a contract to purchase a shop, has paid a down payment of no less than RMB 40 of the full price of the shop purchased, and agreed to use the shop purchased as a mortgage guarantee, and has completed the property insurance procedures, real estate mortgage registration (preparatory) and contract notarization ; 6. If the borrower has a registered permanent residence in another province or city and does not work locally, the borrower must provide the identity document, address, phone number, unit and other information of the authorized agent with a registered permanent residence in this city and obtain notarization. Loan guarantee method: When a borrower applies for a personal store loan from a bank, the store he purchased must be used as a mortgage guarantee. Loan term and interest rate The maximum term of a personal store loan shall not exceed 10 years. The interest rate shall be based on the loan interest rate of the same period and grade announced by the People's Bank of China. Information that the applicant should provide: 1. ID card, household registration book (household registration certificate) and proof of marital status of the person and the owner of the property; 2. Proof of income and property (such as passbook, certificate of deposit) of the borrower and the owner of the property , tax bills, securities, real estate, etc.); 3. Business license, organization code certificate. If you have not applied for a business license, you must provide a description of the purpose of the purchased store; 4. Personal store loan application form; original contract for purchasing the store; original invoice (down payment) for purchasing the store; 5. Other information required by the lending bank. If you need a loan, we recommend Yidai China’s advisory loan service – you only need to submit your application online, Yidai China will review it for you as quickly as possible and solve the problem of fund shortage for you – you only need to fill in your Loan needs and your information (no need to fill in personal identity information and other privacy), Yidai China's financial planners will analyze your loan needs and information, and then choose a bank that suits you at your location and contact you Contact, during this process you have the right to choose any bank until you are satisfied. Based on your personal situation, this kind of loan is particularly recommended here. You can try it - Quick loan application channel, amount: 0.5-5 million yuan: /QuickLoan/index.jsp?dashi=gp327998627 Yidai China is an online The online platform for applying for loans cooperates with more than 120 banks/microfinance companies across the country, including Bank of China, Industrial and Commercial Bank of China, Shenzhen Development Bank, Standard Chartered Bank, Industrial Bank, Shanghai Pudong Development Bank, etc., and accepts loans from all over the country. Apply online. Yidai China loan application process: Online application - Yidai China financing consultant contacts the applicant and verifies - Submits application to bank/microfinance company - Bank/microfinance company contacts applicant - Signs loan contract. One application for business, multiple funding institutions responded! Generally, the application time for personal loans is 1 to 2 weeks, and the application time for business loans is 2 weeks to 1 month! It saves borrowers the time of visiting major banks and reduces non-loan costs! Yidai China Yidai China has many types of loans, including personal credit loans and housing loans, which are free of service fees nationwide, while other types of loans will be charged 2 -3 service charge. This is the lowest service fee in the industry, saving borrowers expenses other than the loan, and we solemnly promise that we will never charge task fees before getting the loan!