1, you can buy a house with less upfront investment and less money. You can buy a house with less investment and less money in the early stage of buying a house with a loan. Now more and more people borrow money to buy a house. You can buy your own house with very little money. You only need to prepare a part of the down payment and have a certain repayment ability. Just get the rest of the money ready for loan materials and borrow it from the bank. Is it cost-effective to borrow money to buy a house? Look, buying a house with a loan is very economical.

2. Low interest rate and more flexible use of funds. The loan interest rate is low and the use of funds is more flexible. Judging from the changes in interest rates, the benchmark mortgage interest rate has dropped from 5.65% in the same period last year to 4.9%. Take a 30-year loan with equal principal and interest of 6.5438+0 million as an example, and the interest can be saved by about 6.5438+0 million yuan. From the perspective of investment, the interest rate is now in the downward channel, and buyers can use the funds for other investment projects, making the use of funds more flexible.

What is the process of commercial loan?

1. Submit loan information

Generally speaking, developers will have one or more designated cooperative loan banks, and buyers can choose one of them to handle housing loans. Bring the required materials and give them to the bank staff.

2. Loan qualification examination

The bank examines the lender's loan qualification, including the authenticity of personal information, age, personal credit history, income, etc. Among them, in terms of the age of applicants, many banks over 65 no longer accept loan applications. In personal credit records, banks refused to lend three to six times overdue, and individuals refused to lend in two or more banks in Hangzhou.

The income needs to reach twice the monthly payment of the loan application, and it is required to cover all liabilities under the personal name, including car loans. Generally, banks will require applicants to provide details of bank flow in the past six months to prove their income ability.

After receiving the loan applicant's materials, the bank will review the loan applicant. General commercial loans take 7- 10 working days (the specific review time is subject to each bank).

3. Sign a loan contract

After the bank is approved, it will sign a formal loan contract with the applicant. In practice, the borrower will sign the loan contract when submitting the materials, but the bank will only stamp the contract after approval.

Step 4 lend money

After the bank completes the loan process internally, the loan will be directly distributed to the developer, and the applicant needs to repay the loan to the bank every month. It should be noted that if the applicant purchases an auction house, the bank will issue the loan only after the auction house is capped.