2. The loan term should be reasonable: if the borrower meets the maximum loan term of 30 years, he can choose the loan term at will according to his repayment ability. For example, users with average repayment ability can reduce the repayment pressure by choosing a longer loan term.
3. Whether the repayment method is reasonable: Commercial loans can be divided into average capital and equal principal and interest. Generally, the average capital needs to repay less interest, but the previous monthly payment is more, and the repayment pressure is greater, which is suitable for borrowers with better economic conditions. Matching principal and interest needs to pay more interest, but the monthly repayment amount is fixed and the pressure is relatively small, which is suitable for borrowers with stable monthly income.
What is the process of handling commercial loans?
1, signing tax. Signing up for tax payment is the most complicated and important step in the process of buying a house, that is, submitting an application. Different from the loan purchase procedure, it is considered that the application is completed and then you need to wait for the approval of the bank.
2. Submit a loan application. Housing provident fund loans to buy a house, commercial loans to buy a house in accordance with the provisions, fill in and submit relevant information. Including individual housing loan application form, individual housing loan contract, loan housing ownership certificate custody contract, power of attorney, commitment letter, etc. In the process of understanding how to borrow money to buy a house, you will find that, like the housing provident fund loan purchase process, after completing the above-mentioned loan purchase procedures, the application is completed, and then you have to wait for the approval of the bank.
3. Bank audit. According to the information provided by the lender, the bank examines the lender's credit standing, loan amount and loan term. This step of the loan purchase procedure is dominated by the bank and is the key to the success of the loan application.
4. Sign contracts related to loans. After the approval of the bank, a series of contract documents were signed with the lender. Most people think that after signing the contract, the process of buying a house with a loan is over. Of course, here is only the completion of most of the work in the loan purchase procedure, and the next step is the monthly repayment.
5. The lender repays the loan on a monthly basis. The last step in the loan purchase procedure is to repay the loan. The whole process of buying a house with a loan is not really over until the date when the loan is fully returned.