Normally, small property rights cannot get loans from banks, because small property rights actually have no property rights, only the sales contract from the seller and no approval from the housing management unit. Once the policy planning of this type of property appears, the value of the house will decrease. Big changes, so banks will not provide mortgage loans for houses with small property rights. Buyers of houses with small property rights can apply for mortgage loans or personal loans from private guarantee companies.
Do bank loans require collateral?
Not all bank loans require collateral. Currently, some domestic banks provide unsecured loans. In addition, some loan companies also provide a large number of guarantees. You can also apply for an unsecured loan by consulting the loan company in your name.
Unsecured loan, also known as unsecured loan, or credit loan. No collateral is required, only proof of identity, income, address and other materials. Each bank has different requirements for specific materials. When applying for a loan from a bank, the bank issues the loan based on the individual's credit situation. The interest rate is generally slightly higher than that of a secured loan. The customer can choose the loan term based on the specific circumstances of the individual and then sign a contract with the bank. Compared with a loan company, Relatively secure.
The common features of such products launched by banks are low limits, high thresholds, and slow procedures. The loan company's unsecured credit loan has a limit of about 20,000 to 300,000 and an interest rate of 1.5% to 3%. Some loan companies are commonly known as loan sharks. The characteristics of this type of product are fast speed and flexible credit limit, but the cost is hidden in fees and other charges. The actual loan cost is much higher than the advertised interest rate.
To apply for an unsecured small loan, the application conditions of each bank are different. Generally speaking, you need to meet the following conditions:
(1) Have Chinese nationality (excluding Hong Kong) , Macao, and Taiwan residents);
(2) The age range is 25-55 years old;
(3) The current residential address must be more than 6 months old, Must have worked locally for half a year;
(4) At the same time, the most important thing is that the credit card repayment record is good and there is no overdue credit card. Those who have an employer need to work in the current employer for at least 6 months.
How to get a bank loan
1. Prepare relevant procedures: The procedures that need to be submitted for general loans mainly include: loan application, customer’s ID card, household register, income certificate, Proof of marital status and other materials (customers with a spouse will also need to provide their spouse’s ID card and household register). If you are a mortgage loan customer, you need to issue the property ownership certificate of the mortgage; if you are a guarantee-free loan customer, you need to provide good credit Record.
2. Apply to the bank: After preparing the relevant information, the customer can go to the bank or a law firm entrusted by the bank. After submitting the relevant information to the bank and paying various fees, the customer needs to sign an application form with the bank. The loan contract shall be entered into as a legal document binding both parties.
3. Pre-loan approval by the bank: If it is a home purchase loan, the law firm entrusted by the bank will first conduct a preliminary review of the customer's application. If it is qualified, the bank will conduct the final loan approval; if the review is unqualified, The bank will return the customer's relevant information and explain the situation to the customer.
4. Bank loan: After the customer's relevant procedures are completed, the bank will approve the loan or submit it to the superior for approval based on the assessment of the borrower. Then, the staff will inform the customer of the loan amount, loan term, loan interest rate and other relevant details, and issue a loan instruction to transfer the loan item to the customer's account.