Commercial loans, also known as individual housing loans, are commercial banks and housing savings banks approved by the People's Bank of China. Urban residents to buy ordinary housing loans to implement the statutory loan interest rate.
Many commercial banks in Beijing have such businesses, such as CCB and ABC. The procedures for applying for loans are basically the same. Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises, usually short-term loans, with a term of about 9 months and no more than 1 year, but there are also a few medium-and long-term loans. Such loans are the main part of commercial bank loans, generally accounting for more than one-third of the total loans.
Second, what is the process of buying a house with a commercial loan?
When commercial loans can apply for mortgage loans, it is necessary to further confirm whether the real estate developed and built by developers has bank support to ensure the smooth acquisition of mortgage loans. After confirming that the property you choose has bank mortgage support, ask the bank or the law firm designated by the bank to understand the bank's regulations on mortgage loan support for buyers.
1. Prepare relevant legal documents and fill in the mortgage application. After receiving the legal documents related to the mortgage application submitted by the purchaser, the bank will issue a loan consent notice or a mortgage commitment letter to the purchaser after confirming that the purchaser meets the mortgage loan conditions. Property buyers can sign the "Pre-sale Sales Contract of Commercial Housing" with developers or their agents.
2. After signing the house purchase contract and obtaining the payment voucher, sign the house mortgage loan contract with the developer and the bank according to the relevant legal documents stipulated by the bank, and clarify the rights and obligations such as the loan amount, term, interest rate and repayment method.
3. For the auction house, the mortgage change registration shall be handled after the completion. Under normal circumstances, due to the relatively long term of mortgage loans, banks require buyers to apply for personal and property insurance to prevent loan risks. When purchasing insurance, the buyer should list the bank as the first beneficiary. During the performance of the loan, the insurance shall not be interrupted, and the insurance amount shall not be less than the total value of the collateral. Before the loan principal and interest are paid off, the policy will be entrusted to the bank for safekeeping.
4. After signing the house mortgage loan contract, according to the contract, open a special repayment account in the financial institution designated by the bank, and sign a power of attorney authorizing the institution to pay the loan principal and interest and arrears of the inter-bank mortgage loan contract from this account. After the bank confirms that the buyer meets the mortgage loan conditions, it will fulfill the obligations stipulated in the house mortgage loan contract.
The above is about what is a commercial loan and what is the process of buying a house with a commercial loan. Let's learn about the specific loan details when buying a house.
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Related Q&A: What is Alipay online business loan? Online merchant loan is an operating loan product launched by online merchant banks for small and micro enterprises and individual entrepreneurs. It is unsecured and unsecured. Mainly according to the operator's operating conditions and credit status, the loan funds are allocated to meet the operator's capital needs in the course of operation. Generally, businesses with good credit and stable operation can apply.
To apply for an online business loan, just log in to Alipay APP, click "My", then click "Online Business Loan", then click "Agree to the agreement and check the limit", and then click "Borrow money" after authorization to apply for a loan.
If the loan passes, the online merchant loan will be lent to the customer's Alipay account balance or the bound savings card. The balance of the loan to Alipay account can generally be received immediately, and it only takes three minutes at the earliest; The loan to the bound savings card will arrive in one or two working days, or two hours if it is fast (the specific arrival time is subject to the actual situation). If it is late, you can contact customer service to ask about the specific situation).
Related questions and answers: What is the difference between consumer loans and commercial loans of banks? Hi! Hello, I'm a loan officer in Zhengzhou. Thank you for your invitation. Let's look at this question-what's the difference between consumer loans and commercial loans of banks?
I understand that consumer loans are personal consumption loans and commercial loans are operating capital loans.
Let's take a look at the characteristics of personal consumption loans: 1, the amount is limited, generally less than 1 10,000; 2. If the service life is not longer than 5 years, it is basically above 1 year; 3, the interest rate is high, basically the interest rate is around 10%. Of course, some provident fund loans have lower interest rates, but for customers. The utilization rate of funds is relatively low. 5. Personal consumption loan, and then the information when applying is quite simple. At present, many banks support online applications, and basically they can apply for up to 500,000 yuan. There are not so many complicated procedures, and then there is not much supervision over the use of funds, which is more convenient. Let's look at commercial loans again:
General commercial loans involve secured loans, mortgage loans and other commercial loans, so what are their characteristics?
1, the loan amount is large, generally above 1 10,000, and there is no limit on the amount. If your business is good enough, tens of billions of loans are also common. This is the biggest feature of commercial loans, that is, there is no limit on the amount. 2. Long service life. As we all know, business operation is a long-term activity, so the demand for funds is long-term. Generally, corporate loans are medium and long-term. For example, a loan of 10 years can be renewed after the principal is repaid every year. 3. Generally, collateral is needed, such as factory buildings, office buildings and real estate under the legal person's name. 4. Is the repayment method flexible? There are many ways to choose from, such as our most common, interest priority, matching principal and interest, average capital, who borrows and pays back, and so on. 5. The interest rate is extremely low, and the lowest enterprise's interest rate can reach about 3% per year. This interest rate should be subsidized by the national interest rate, so it is very cost-effective.
This is the difference between personal consumption loans and commercial loans.