It is impossible to apply for a loan for a full house with a purchase contract. When applying for a loan, the house and land certificate must be mortgaged to the bank.

Real estate mortgage loan process:

The borrower opens a current deposit account in the bank;

Information required for preparing loans;

Face to face bank;

Bank filing and approval;

After the approval of the bank, notify the borrower of the approval result and sign a loan contract with the borrower;

Go to the Construction Committee for mortgage registration;

Construction Committee issued his right certificate;

Handle insurance, notarization and other formalities as appropriate;

The bank directly transfers the loan to the account agreed in the contract;

The borrower shall repay the principal and interest according to the provisions of the loan contract.