1 You buy a house from a developer, who has cooperative banks, such as CCB, ABC, BOC and Rural Commercial Bank.

After getting your down payment, the developer will choose commercial housing mortgage loan (high interest rate) and provident fund loan according to your wishes.

If you choose a commercial housing mortgage loan, the developer will let you apply for a loan at its cooperative bank, and at the same time, the developer will submit your personal information, purchase contract, purchase agreement and down payment to the bank.

According to the developer's information, the bank allows you to issue income certificate, work certificate, bank account number, ID card, household registration book and marriage certificate (if you are not married, you need to go to the civil affairs department to issue a single certificate), and you need to go to the housing management department to issue the first suite certificate for the first time (interest rate concessions).

Then the bank will give you credit according to the information you submitted, that is, check whether you have a bad credit record, excessive debt, guarantee, mortgage, excessive credit card and so on. In the background, and calculate how much loan you can borrow. If you have too many debts, guarantees or bad credit records, the bank will reject your loan with a high probability.

After the accounting is completed, the bank thinks you have no problem, signs the contract and gives you a loan. Then you can remember the monthly repayment amount and interest rate and make timely repayment. If the bank thinks there is a problem, it may allow you to increase the down payment or extend the repayment authority.

After the loan, the bank will transfer the money to the developer's account, and the developer will hand over the house book to the bank, and the bank will put it in the bank's safe after completing the mortgage registration of the house book.

You will begin to repay the loan. After the payment is completed, the bank will cancel the mortgage registration and give you the house book. Congratulations, at this time, you can get the room book.

If you default and don't repay the loan, the bank will auction your house and repay the loan. Since your down payment is definitely greater than the sum of the loan principal and interest, the bank will not lose money anyway.

If the developer agrees to the provident fund loan, the interest rate of the provident fund loan is low. If you have a provident fund, it is worth it.

1 You may have to go to the financial department of your unit to ask about the monthly deposit and accumulated amount of your provident fund.

Then go to the provident fund center to ask about the loan, and the estimated process is similar.

Buying a house is a hassle, please calm down and take your time.