1. Residential loans include commercial loans. Current residential loans are commercial loans and provident fund loans.

2. In terms of loan time, after the shop is completed and accepted, the housing is required to obtain a pre-sale certificate or cap.

3. In terms of down payment ratio, the down payment ratio is lower at RMB 30 for residences and RMB 50 for shops. Loan period: up to 10 years for shops and 30 years for residences.

4. In terms of loan interest rates, the loan interest rate is generally 10% higher for shops and 15% lower for residential buildings. If you use your home mortgage loan, it can last for decades. The loan term is lower at 30 for residential buildings and 50 for commercial properties, and the rest is mortgaged at the bank. The maximum loan interest rate is 10 years for commercial properties and 30 years for residential properties.

How to apply for a bank loan

1. Individuals must first prepare the information required for a bank loan: including loan application, customer’s ID card, household register, income certificate, marriage Proof of status and other materials (customers with a spouse must also provide the spouse’s ID card and household registration book). If the customer is a mortgage loan customer, the property ownership certificate of the mortgaged property must be issued; if the customer is a guarantee-free loan customer, a good credit record must be provided. .

2. Apply. After preparing the relevant information, the customer can go to the bank or a law firm entrusted by the bank to apply for a loan. After submitting the relevant information to the bank and paying various fees, the customer needs to sign a loan contract with the bank, which will bind both parties. Legal documents.

3. Loan review. If it is a home purchase loan, a 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 fees collected.

4. Complete other legal procedures. In addition to the contract, customers also need to go through some legal formalities. If you are a mortgage loan customer, you need to register and file the mortgage of the collateral with the bank for future inquiries.

5. Bank lending. After the customer's relevant procedures are completed, the bank will approve the loan or submit it to superiors for approval based on the borrower's assessment. 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.