The content should explain the purpose, amount and term of the loan. If the loan application meets the bank loan category, then the relevant materials need to be prepared next.

2. Submit loan information

Individuals applying for mortgage loans need to provide the following information: borrower's ID card, running water in the past six months, work certificate, credit report, house property certificate, etc. If an enterprise needs to mortgage the real estate, the materials it should provide include: business license, articles of association, capital verification report, purchase and sale contract, running water of the last six months, annual financial statements of the previous year, financial statements of the last six months, and proof of assets.

3. House evaluation

After all the above materials are submitted, the bank will conduct on-the-spot investigation and evaluation of the mortgaged property. This is an important link in the mortgage loan process, which will directly determine the loan amount of the mortgaged property.

Step 4 apply for a loan

The housing appraisal company submits the appraisal report or appraisal opinion to the bank for approval.

5. Sign a loan contract

The borrower and the lending institution shall sign and seal the loan contract and all relevant documents, which shall be notarized by a notary.

6. Mortgage registration procedures

The bank shall go through the mortgage registration formalities at the real estate office with the house ownership certificate and notarized loan contract.

7. Bank loans

Due to the different regulations of banks, loans will be made to the accounts of cooperative merchants in the form of cash, punch card or remittance.