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Can a house in an oil field be used as a mortgage loan?

Commercial housing is available.

Process of real estate mortgage loan:

1. The borrower opens a current deposit account at the bank;

2. Prepare the information required for the loan;

3. Interview with the bank;

4. Bank filing and approval;

5. After the bank approval is passed, the borrower will be notified of the approval results and a loan contract will be signed with the borrower. ;

6. Go to the Construction Committee for mortgage registration;

7. The Construction Committee issues other rights certificates;

8. Go through insurance, notarization and other procedures as appropriate;

9. The bank transfers the loan directly to the account specified in the contract;

10. The borrower repays the principal and interest according to the provisions of the loan contract.