Buying a house is certainly not an urgent matter. If I didn't have enough preparation in the past, especially in terms of financial ability, I would rather rent a house than repair others easily. Almost half of the money for buying a house is borrowed from others, and the economic pressure is too great. And some people may not even have enough down payment on their houses, but the question they are considering is whether to pay down payment first if they borrow money to buy a house in China.

First, do you need to pay a down payment for buying a house loan in China?

According to the normal loan process, you need to pay the down payment before lending, because the bank will only handle the loan formalities for you if it knows that you have the ability to pay the down payment.

Conditions for going to the bank to borrow money to buy a house

1. The applicant must be a natural person with full civil capacity.

2. Having urban permanent residence or valid residence status requires the borrower to have legal status.

3 have a stable occupation and income, good credit, and the ability to repay the principal and interest of the loan.

4. Some banks will require applicants to apply for their own credit cards, or to borrow from banks with good credit records.

5. Some also require providing assets recognized by the bank as collateral or pledge, or taking units or individuals that meet the prescribed conditions and have compensatory ability as guarantors to repay the loan principal and interest and bear joint and several liabilities.

Second, what materials need to be submitted?

1. The borrower's valid ID card and household registration book;

2, proof of marital status, unmarried need to provide proof of unmarried, divorce needs to issue a court civil mediation or divorce certificate (indicating that you have not remarried after divorce);

3. If you are married, you need to provide your spouse's valid ID card, household registration book and marriage certificate;

4. The borrower's income certificate (salary income certificate or tax payment certificate for half a year);

5. If collateral is needed for loan, proof of collateral's rights must be provided, and the sum of loan amount and interest during the loan period cannot exceed1/2 of the assessed value of collateral;

3. Do bank loans need to be mortgaged?

Not all bank loans need mortgage. At present, some domestic banks provide unsecured loans. In addition, some loan companies and a large number of loan companies in the name of guarantee and consultation can also apply for unsecured loans.

Unsecured loan, also called unsecured loan, or credit loan. You don't need any collateral, just identification, income, address and other materials. The specific materials are different from bank to bank. For loans applied to banks, banks issue loans according to personal credit conditions, and the interest rate is generally slightly higher than that of secured loans. Customers can choose the loan term according to their individual circumstances, and then sign a contract with the bank, which is more secure than the loan company.

This kind of products launched by banks are also characterized by low quota, high threshold and slow procedures. The unsecured credit loan of the loan company is about 200,000-300,000, and the interest rate is 1.5%-3%. Some loan companies are commonly known as usury. These products are characterized by high speed and flexible quota, but the cost is hidden in fees and other charging items, and the actual loan cost is much higher than the publicity interest rate.

To apply for unsecured microfinance, the application conditions of different banks are different. Generally speaking, the following conditions need to be met:

(a) with China nationality (excluding Hongkong, Macao and Taiwan Province residents);

(2) the age is in the range of 25-55 years old;

(three) the current address must be over 6 months, and the local work must be over half a year;

(4) At the same time, the most important thing is that the credit card repayment record is good, and it is not overdue at present. Need to work in the current unit for 6 months.

We should have a general understanding of whether to pay down payment before buying a house loan now. Under normal circumstances, banks can only accept the loan application of the parties if they pay the down payment, because those who can't even pay the down payment can't confirm that the parties have enough repayment ability in the future. However, it is also possible that banks in some places have different implementation rules for mortgages. You can go to the local bank in person to check.