If the house purchase loan is handled by the developer, the consumer only needs to provide relevant documents and go through various formalities in the bank after receiving the notice. If consumers do it themselves, it is particularly troublesome not to understand the process.

The procedures and processes for banks to handle housing loans are basically the same, and individual aspects depend on different banks. Taking China Merchants Bank as an example, this paper briefly introduces the handling process of individual housing loans for the reference of consumers with this demand.

Basic information of the borrower

1, 18 years old with full capacity for civil conduct;

2. Have a stable occupation and income;

3. Has signed a commercial housing sales (pre-sale) contract with the developer;

4. The down payment of more than 20% of the total purchase price has been paid;

5. Borrower and property * * * Some people are willing to mortgage the house they bought, and handle mortgage registration and property insurance.

Ask the borrower to provide materials.

1. I and my spouse's valid identification (ID card, household registration book or other valid proof of residence), and individual operators should provide business licenses (check the original and keep a copy);

2. Proof of the borrower's marital status (marriage certificate or single certificate);

3, foreign, foreign or single, must be guaranteed by a person with a local account;

4. Proof of income and property of the borrower and spouse;

5. Purchase contract and down payment receipt;

6. Commitment letter of real estate mortgage;

7, bank housing mortgage loan application approval form.

Loan amount and term

1, the maximum loan amount shall not exceed 80% of the total price of the purchased property, and the maximum loan amount of commercial outlets shall not exceed 60%;

2. The loan term plus the borrower's age shall not exceed the statutory retirement age, and the longest shall not exceed 30 years.

loan

1. The borrower signs a house purchase contract with the developer and pays the down payment;

2. The borrower applies for a loan and submits loan information;

3. Bank acceptance, investigation and approval;

4. The bank signs a loan contract with the borrower;

5. Go through notarization and insurance procedures;

6. Banks issue loans

Loan type

The financial arrangement of housing loan funds involves a wide range of contents, but the most important ones are the amount (percentage), term and interest rate of housing loan. Before introducing the above three issues, it is necessary to explain to buyers the three existing loan methods: individual housing loan, individual housing entrusted loan and individual housing portfolio loan. Personal housing provident fund loans are commercial loans provided by commercial banks; Personal housing entrusted loan is a policy loan entrusted by the provident fund management center to commercial banks; Personal housing portfolio loan is a combination of the former two.

Housing provident fund loans: For residents who have already paid housing provident fund, low-interest housing provident fund loans should be the first choice when buying a house. Housing provident fund loans have the nature of policy subsidies, and the loan interest rate is very low, which is not only lower than the loan interest rate of commercial banks in the same period (only half of the mortgage interest rate of commercial banks), but also lower than the deposit interest rate of commercial banks in the same period. In other words, there is a spread between the mortgage interest rate of the housing provident fund and the bank deposit interest rate. At the same time, when handling mortgage and insurance related procedures, the housing provident fund loan will be charged by half.

Personal housing commercial loan: The above two loan methods are limited to employees who have paid housing provident fund, and there are many restrictions. Therefore, people who have not paid the housing provident fund have no chance to apply for loans, but they can apply for personal housing secured loans from commercial banks, that is, bank mortgage loans. As long as your balance in the loan bank accounts for not less than 30% of the funds needed for house purchase, and it is used as the down payment, and the assets recognized by the loan bank are used as collateral or pledge, or the units or individuals with sufficient compensation ability are used as guarantors to repay the loan principal and interest and bear joint liability, then you can apply for using the bank mortgage loan.

Personal housing portfolio loan: the maximum loan that can be issued by the housing provident fund management center is generally 654.38+0-390,000 yuan. If the purchase price exceeds this limit, the insufficient part shall apply to the bank for commercial housing loans. These two kinds of loans are collectively called portfolio loans. This business can be handled by the real estate credit department of the bank. The interest rate of portfolio loan is moderate, and the loan amount is large, which is more for the lender to choose.

Personal housing entrusted loans (provident fund loans) have the highest cost performance, and personal housing loans (commercial loans) have the heaviest interest burden, but what is the difference in specific repayment? We might as well make a comparison in another list.

Contrast: Suppose a couple of buyers want to buy a house with a total price of 500,000 yuan, and use their own funds to pay 30% down payment, that is, 654.38+05 million yuan, and the remaining 350,000 yuan to apply for a loan of 654.38+05 years. The couple's monthly income is 6,000 yuan, and the monthly provident fund contribution ratio is 20% (50% for enterprises and 50% for individuals). Now the total provident fund is 40 thousand. The interest burden of commercial loans is much higher than that of policy loans, reaching 1/3, and the monthly repayment amount is increased by 10%, and the total amount is increased by nearly 50,000 yuan, which is not a small sum. From this perspective, it is natural to choose personal housing entrusted loans, but no, the couple can't rely entirely on personal housing entrusted loans. Even if their existing provident fund reaches 40,000 yuan, they can apply for a provident fund loan of 400,000 yuan at a lower interest rate of 10. However, because the maximum amount of policy loans is only 300,000 yuan, 350,000 yuan is still unacceptable. Therefore, the couple had to settle for the second best and choose a personal housing portfolio loan. So, can they afford the monthly repayment burden? Speaking of it, they repay 27,865,438 yuan +0.45 yuan every month, but during the repayment period, they can offset part of it with the provident fund they deposit every month, and the amount can reach 20% of the total income at most, that is, 65,438 yuan +0.200 yuan/month, so the amount of mortgage they need to pay by themselves is only () 27,865,438 yuan+0.45-65,438 yuan+. It is suggested that buyers may wish to be careful when determining the purchase budget, list several schemes for comparison, and then apply for corresponding loans.