Conditions for buying a house and applying for a commercial loan
1. Agree to use the purchased house as mortgage guarantee.
2. The age of the borrower plus the loan period, the male is no more than 65 years old and the female is no more than 60 years old;
3. Have full capacity for civil conduct; Have permanent residence or valid residence status in China;
4. Must pay a down payment of not less than a certain percentage of the total price of the purchased house;
5. Have stable professional and economic income, good credit and the ability to repay the principal and interest of the loan;
6. A house purchase contract or agreement has been signed.
The process of buying a house and applying for a business loan
1. Submit loan application:
When you sign a house sales contract, you can apply for a commercial loan from the bank. Whether it is a first-hand mortgage or a second-hand mortgage, it is necessary to submit the complete materials approved by the bank to the bank for review, which is the most important step in the commercial loan process.
Mainly including ID card, household registration book, original and copy of marriage certificate; Foreign household registration needs to provide temporary residence permit or residence permit; Income certificate issued by the work unit; Sales contract, down payment invoice or receipt; Wage flow or other proof of assets in the past six months. In addition to the above five materials, different banks have different requirements for commercial loans, and other materials required by loan banks should be inquired in detail.
2. Banks under investigation:
After the bank receives the application materials of the loan applicant, it will review the materials. The general review time for commercial loans is 15 working days, and the longest time shall not exceed 1 month. During the bank investigation, the loan applicant will be asked to supplement some information according to the situation. Therefore, the loan applicant needs to keep in touch with the bank during this period.
3. Bank verification and approval:
The loan bank will verify several aspects: the situation of the house, the qualifications and credit of the borrower, etc. This is an important link in the process of commercial loans. If the credit of the loan applicant is not good, it will directly lead to the failure of the loan application, so it is very important to accumulate good personal credit in life.
4. Both parties shall go through relevant formalities:
The bank informed the loan applicant that after the loan was approved, it was necessary to open an account in the bank, get a debit card and sign a loan contract. At the same time, handle mortgage, guarantee, pledge, insurance and other related guarantee procedures. When signing a loan contract and handling the guarantee formalities, you must know the detailed rules in the contract in detail and make clear your rights and obligations so as to avoid unnecessary misunderstanding.
5. Bank loans:
After all the loan procedures are completed, the bank will transfer the loan funds to the account of the real estate developer, and the loan relationship will be established, and the lender will repay the loan according to the regulations.