In addition, the age of the lender may also affect whether it can make commercial loans. Minors can't borrow money, and ordinary banks don't accept loan applications from borrowers over 65.
1. Are there conditions for applying for a commercial loan?
The conditions for applying for commercial loans are:
1. It has legal and stable income, which can cover twice the monthly payment (including all liabilities in the name of the individual);
2. No more than 2 housing loans under the name of an individual;
3. Natural persons with full capacity for civil conduct have no bad credit records (overdue records cannot be accumulated for three times in principle).
2. What conditions do banks review when approving loans?
When the bank approves, the inspection conditions for the lender include personal family situation, personal credit information, income level, number of housing loans under its name, etc.
The loan qualification is the qualification to buy a house. Without the qualification to buy a house, there is no loan.
1. Personal family situation
Including the applicant's personal information, family information, the applicant's age, the bank needs to verify. The age of the applicant will affect the loan period and loan amount to a certain extent. 2. Personal credit information
Personal credit records are very important when banks approve loans. Daily mobile phone arrears, utilities arrears, credit card overdue repayment, etc. , may leave a stain on your personal credit record. When the bank examines your personal credit information, if your personal credit information is poor, it can directly lead to loan refusal.
Subject to the final query result of the bank.
3. Income level
Your income level is reflected in your income certificate and bank flow, and your income directly determines whether you can get enough loans. The loan amount, loan period and monthly payment are interrelated and influence each other. If your income is not enough to pay the monthly payment, the bank will not approve the loan. 4. Number of attributes under the name
Affected by Beijing's purchase restriction policy, the number of properties under Beijing's name and the number of mortgages nationwide will have an impact on whether you can successfully apply for commercial loans.
3. Under what circumstances will an application for a loan be rejected?
Those who do not meet the purchase restriction conditions, apply for loans with false information, have the nature of fraudulent loans, and have very poor personal credit information will be refused loans. The age of the lender may also affect the application for commercial loans. Lenders are older, and general banks do not accept loan applications.
1. does not meet the purchase restriction conditions.
Since September 30, 20 16, affected by Beijing's purchase restriction policy, if an individual owns two or more houses in Beijing's name, the bank refuses to lend. According to the Notice on Perfecting Commercial Housing Sales and Differentiated Credit Policy of March 20 17, this policy is still implemented.
2. Not qualified to buy a house.
At present, there is such a situation in the market, first apply for a loan, and then submit the materials. Unqualified here means that banks will refuse loans if they are not qualified to buy houses.
3. Poor personal credit record
In principle, banks can refuse to lend if they have accumulated six overdue records for three consecutive times. Overdue records include credit card repayment, mortgage repayment and car loan repayment. Overdue records will appear in your personal credit record.
Once the credit stain enters the personal credit record, it will remain for a long time.
4. Providing false information
When applying for a commercial loan, if the applicant submits false information, such as proof of income or contact information, once the bank finds that the information is false, the bank will refuse the loan. Even if the personal credit record is good, it can't be recovered. 5. Having the nature of fraudulent loans.
Fraudulent loan refers to the inflated loan amount when applying for a loan, which increases the loan risk of bank lending institutions and will be considered as fraudulent loan. For example, my brother wants to sell his house to his younger brother, a house of 3 million yuan, a loan from his younger brother, a price of 3.3 million yuan, a fictitious transaction and a loan. There are also unrelated and fictitious transactions, which increase the loan risk of banks and other lending institutions and are also considered as fraudulent loans. 6. The lender is over 50 years old.
Usually, banks stipulate that applicants are 18-65 years old, among which 25-40 years old is the group welcomed by banks, followed by 18-25 years old and 40-50 years old, 50-65 years old, and housing loan applications are generally not approved. Because the older the lender is, the greater the chance of health problems, which will affect the repayment of the loan, so the higher the risk the bank will bear.
I suggest that before you apply for a loan, you should consult the applying bank or professional broker, ask about the conditions and materials for applying for a loan, and make full preparations to avoid being caught when your application is returned.
Source: Notice of China People's Bank on Improving Commercial Housing Sales and Differentiated Credit Policies.
This content is only applicable to Beijing.