Speaking of loans to buy a house, it is estimated that eight out of ten people may choose commercial loans. After all, provident fund loans have too many restrictions and not everyone can use them. So, here comes the question, how to apply for a commercial loan? Are there any conditions? Let’s take a look.

1. Loan conditions

1. Be a natural person with full civil capacity between the ages of 18 and 65;

2. Have a legal and valid ID card, household register, and proof of marital status;

3. Good credit record and willingness to repay;

4. Have the finances to pay the first installment of the house purchased. Ability;

5. Have a stable source of income and the ability to repay the principal and interest of the loan in full and on time;

6. Have an effective guarantee recognized by the lender;

7. There is a sales contract for the purchased house;

8. The seller has the legal right to dispose of the purchased house, and the purchased house has obtained the house ownership certificate;

9. The house If there is a property right, a certificate must be issued that the person with the property rights agrees to the transfer;

10. Other conditions stipulated by the bank.

2. Loan information

1. House sales contract;

2. ID card and household registration book of the buyer and his spouse;

3. Marriage certificate, divorce certificate, divorce agreement, court judgment, etc.;

4. Proof of income;

5. Unit business license;

6. Personal credit report;

7. Statement of statements in the past six months or one year, etc.

Commercial Loan

3. Loan Process

1. Select the lending bank

According to loan interest rate, discounts, repayment methods, etc. factors and choose the most suitable bank based on your financial situation.

2. Apply for a loan

Submit a loan application to the bank and submit the above information.

3. Real estate evaluation

The bank appoints an evaluation agency to evaluate the house, and the evaluation agency issues an evaluation report after on-site evaluation.

4. Bank approval

Bank staff will review the loan information and verify the authenticity of the information.

5. Sign a loan contract

The seller assists the buyer in signing a loan contract with the bank.

6. Apply for mortgage registration

Buyers and sellers go to the real estate trading center to apply for mortgage registration.

7. Bank lending

The bank will lend money to the account specified in the contract within the agreed period.

IV. Things to note

If the buyer and seller handle the commercial loan procedures on their own, they need to do "three first, three last".

1. Change the name after approval

That is, first get a copy of the property ownership certificate and go to the lending bank for approval to see if you can get the desired loan amount, and then change the name. formalities.

2. Make inquiries before signing the contract

The buyer and seller first consult the loan bank to determine whether the loan amount, interest rate, term, etc. are within the range they can afford, and then Sign a contract with the lending bank.

3. Loan after clearing the fees

The buyer and seller first clear all the expenses of the house, and then go to the bank to sign for the loan.

(The above answer was published on 2016-11-30, please refer to the actual current relevant house purchase policies)

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