2. Bad repayment records will be recorded in the personal credit information system of China People's Bank.
3. If the contract is overdue, the bank will sue the court. If you still refuse to repay the loan, the bank will apply to seal up the mortgaged house. If you still refuse to repay the loan, the bank will apply for auctioning the mortgaged house to repay the loan. The loan is insufficient to repay (if there is a guarantor in the contract, recover from the guarantor). The borrower will be included in the "blacklist" of bank credit information, which will affect the borrower's future financial management behavior. Once it is found that the borrower has a certain amount of bank deposits, the bank will apply for execution until the debt is paid off.
Matters needing attention in buying a house with a loan:
1, make good use of the provident fund
Because the interest rate of provident fund loans is relatively favorable, it is very important for customers who pay the provident fund every month to make good use of their own provident fund. At present, the amount of provident fund loans applied by customers generally does not exceed 80% of the total house price at most, and the longest loan period is 30 years; The commercial loan amount (above 90 square meters) shall not exceed 70% of the total house price, and the longest loan shall be 30 years; The construction area of a single set of one-hand self-occupied housing is below 90 square meters (including 90 square meters), and the maximum loan does not exceed 80% of the house price according to the customer's credit status; At present, the loan amount of portfolio loans is the sum of provident fund and commercial loans, which does not exceed 70% of the total house price.
2, multi-party comparison and selection of banks
Different commercial banks have choices in down payment ratio, loan term and loan interest rate, and have corresponding personal loan schemes for different customer groups. Some commercial banks provide mortgage refinancing services. Customers who have applied for personal housing loans in these banks can also transfer their housing loan business to banks that are more suitable for them.
3. Comprehensive measurement of interest rate concessions
Interest rate is the most important price factor in mortgage loan. In recent years, many commercial banks have launched fixed-rate personal housing loan services, allowing buyers to choose fixed-rate loans or floating-rate loans according to their own judgment on the interest rate trend in a certain stage in the future. Moreover, most banks can flexibly switch between fixed-rate loans and floating-rate loans.
4. Repay on time to avoid penalty interest.
As a natural person with full capacity for civil conduct, when applying for a mortgage from a bank, I must combine my actual situation. The monthly wage income must be enough to pay off the mortgage, enough for me and my family. The mortgage must be repaid. The bank will not agree not to repay the mortgage just because the parties have no salary income for the time being.
Legal basis:
People's Republic of China (PRC) Civil Code
Article 675 The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.
Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.