What are the requirements for a commercial loan to buy a house?

1. Positive answer

The requirements for personal commercial housing loans mainly include the following points.

2. Specific analysis

1. The borrower must be at least 18 years old and have full capacity for civil conduct; and the borrower’s age plus the loan term should generally not exceed sixty years. Five years old (some banks relax this to seventy years old, the specific regulations are subject to the regulations of the handling branch).

2. Have a legitimate occupation and a stable and legal source of economic income, and have the ability to repay the principal and interest of the loan on time.

3. The personal credit is good, and there are no bad records or serious negative information in the credit report.

4. The property rights of the purchased houses are clear (such as relocation houses, resettlement houses, houses with small property rights and other second-hand houses with incomplete property certificates cannot be loaned).

5. The age of the property (the number of years the property has been completed) cannot be too old. Generally, it cannot exceed twenty years at most. In principle, the loan term plus the age of the mortgaged property must not exceed forty years at most.

6. Have self-raised funds of no less than 30% of the house price to pay the down payment.

Generally, if the above conditions are met, you can successfully apply for a mortgage. Of course, you also need to note that when applying for a mortgage, it is best not to apply for other loans, and there should not be too many unpaid loans in your name, otherwise high debt will also affect the approval of the mortgage.

If this type of non-compliant online loan is overdue, it will have no impact on your personal credit status, but the online loan record will remain in the online loan big data. Search: Beijian Quick Check, check your online loan history, online loan overdue details, debt status, dishonesty information, online loan blacklist and other information.

3. Can I apply for deferment of mortgage repayments?

You can apply for deferred repayment of mortgage loans. The bank has relevant regulations. Only borrowers who meet the following conditions can apply for deferred repayment of mortgage loans.

1. There are many situations where a borrower loses his financial resources due to objective factors. If the borrower loses his financial resources because he voluntarily resigns, does not participate in work, etc., the bank will not agree to extend the mortgage loan. of.

It must be a relatively objective factor that causes the borrower to lose his financial resources before he can apply for a mortgage loan deferment.

For example, the company where the borrower works is not operating well and suddenly lays off people on a large scale; the borrower suffers a natural disaster and suffers heavy losses and is unable to repay the loan, etc.

2. Special occupations. If the borrower is engaged in a relatively special occupation, such as a special police officer, and may not be able to repay the loan in time, he or she can directly apply for a mortgage loan extension.

The salary payment in some special industries is unstable and may even be settled every two or three years. In this case, the bank will also allow the borrower to change the repayment method, or apply for deferred repayment multiple times.

3. Severe illness hospitalization or objective isolation If the borrower is seriously ill and hospitalized due to some factors, he can go directly to the hospital to issue relevant certificates and then submit them to the bank to apply for a mortgage loan deferment.

According to regulations, serious illness, hospitalization, loss of working ability, etc. are all force majeure factors of a third party. When applying for deferred repayment, the possibility of rejection by the bank is very low.

4. Business Bankruptcy If the business run by the borrower goes bankrupt and the available working capital has been forcibly frozen by the bank, you can also directly apply for a mortgage loan deferment.

However, even if you can apply for a deferment of repayment, you need to pay attention to the following aspects. First, you can generally only apply for a deferment of repayment once. Secondly, the deferment of repayment should not be too long, which is different from the original loan period. The total cannot exceed 30 years, so please pay attention when applying.

Generally speaking, there is no grace period for mortgage loans. The repayment time cannot be extended unless there are special circumstances. Otherwise, it will have an adverse impact on personal credit. If there are too many overdue periods, the bank may require The consequences of settling a loan early will be serious.

Commercial bank loans should strictly examine the circumstances of the borrower

"Commercial Bank Law of the People's Republic of China"

Article 30 The four commercial banks carry out loan business according to the needs of national economic and social development and under the guidance of national industrial policies.

Article 35 Commercial bank loans shall strictly examine the borrower’s purpose of borrowing, repayment ability, repayment method, etc.

Commercial bank loans should implement a system of separation of review and loan and hierarchical review and approval.

Article 36 For commercial bank loans, the borrower shall provide guarantee. Commercial banks should strictly examine the guarantor's repayment ability, the ownership and value of the mortgage and pledged property, and the feasibility of realizing the mortgage and pledge rights.

If, after review and evaluation by a commercial bank, it is confirmed that the borrower has good credit and can indeed repay the loan, no guarantee is required.

Article 37 A commercial bank shall enter into a written contract with the borrower for a loan. The contract should stipulate the type of loan, purpose of borrowing, amount, interest rate, repayment period, repayment method, liability for breach of contract and other matters that both parties deem necessary to agree on.

Commercial bank loans should strictly examine the borrower's personal credit and qualifications, as well as personal repayment ability

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What factors do banks generally examine when reviewing personal loan applications?

Generally, banks will examine the borrower’s personal family situation, personal credit report, income level, debt situation, and name when approving. The number of housing loans below will be reviewed.

1. Personal family situation

Personal information, including the applicant’s personal information, family information, age, etc., needs to be verified by the bank. The age of the borrower will affect the loan term and loan amount to some extent.

2. Personal credit information

When a bank approves a loan, personal credit record is very important. For example, daily phone bills are in arrears, utility bills are in arrears, credit card repayments are overdue, etc. It will leave a stain on your personal credit record. When the bank reviews your personal credit report, if your personal credit report is very poor, it can directly lead to denial of loan.

3. Income level

Your income level is reflected in your income certificate and bank statements. Your income directly determines whether you can obtain adequate loans. The loan amount, loan term, and monthly payment are interrelated and affect each other. If your income is insufficient and you cannot repay the monthly payment, the bank will not approve the loan.

2. Under what circumstances will a loan application be rejected?

Using false information to apply for a loan is fraudulent. People with very poor personal credit will be denied a loan. The age of the lender may also affect a business loan application. Banks generally do not accept loan applications because the borrower is too old.

1. Bad personal credit record

In principle, banks can refuse to lend if there are six overdue records three times in a row within two years. Overdue records include credit card repayments, mortgage repayments, car loan repayments, etc. Overdue records will appear on your credit record.

2. People who provide false information

When applying for a commercial loan, if the applicant submits false information, the bank will reject the loan once the information is found to be untrue. No matter how good your personal credit record is, it cannot save you.

3. It has the nature of loan fraud.

Fraudulent loans refer to inflating the loan amount when applying for a loan, which will increase the loan risk of the bank lending institution and will be regarded as fraudulent loans. For example, a house worth 3 million, a brother's loan, a price of 3.3 million, a fictitious transaction, and a loan. There are also unrelated relationships and fictitious transactions that increase the loan risks of banks and other lending institutions, which are also considered fraudulent loans.

4. The lender is older.

Usually banks stipulate that applicants are between the ages of 18-65, of which 25-40 are the most popular groups, followed by 18-25, 40-50, and 50-65. Home loan applications are generally not approved. Because the older the borrower is, the greater the chance of health problems, which will affect the repayment of the loan, so the bank has to bear higher risks.

This is the end of the introduction about commercial loan review and housing commercial loan bank review. Have you found the information you need?