As many people know, buying a house now generally requires applying for a housing loan. In addition to provident fund loans, there are commercial loans. Although the latter's interest rate is lower, and the application procedure is relatively simple. So let's take a look at the commercial loan process first. How long does it take to approve commercial loans?

What is the commercial loan process?

1, submit information

Generally speaking, developers will have one or more designated cooperative loan banks, and buyers can choose one of them to handle housing loans. Bring the required materials and give them to the bank staff.

2, loan qualification audit

Banks examine the authenticity, age, personal credit record and aspects of the lender's loan, and many banks over 65 no longer accept loan applications. In personal credit records, banks refused to lend three to six times overdue, and individuals refused to lend in two or more banks in Hangzhou.

3. Sign a loan contract

After the bank is approved, it will sign a formal loan contract with the applicant. The loan contract is actually signed, and it will only be stamped after the bank has approved it.

4. Lending

After the bank completes the loan process, it will directly issue loans to the developers, and the borrower needs to pay each loan. If the borrower buys an auction house, the bank will only issue a loan after the auction house is capped.

How long does it take to approve commercial loans?

It usually takes one to three months for application, house inspection, approval, filing, mortgage and loan to go smoothly. At the same time, the integrity of roots, work units, income streams, etc. , everyone's approval time is different. The documents involved in the application process must be signed by the applicant himself. If there are * * * and applicants, * * and applicants also need to provide relevant information and sign on the spot.

2. After the application materials are submitted completely and the inquiry results of family housing units come out, the loan can formally enter the approval process, and the bank will adjust the relevant information to issue loans, such as the amount, interest rate and duration of loans.

3. Remind everyone to pay attention to the credit records of themselves and their families at ordinary times, so as to avoid submitting them completely as soon as possible because of bad credit information, so as not to delay the approval time; At the same time, we should determine the loan amount and fixed number of years according to our own economic situation, plan the repayment plan reasonably, and don't reduce our quality of life because of the pressure of monthly payment.

The above content is Bian Xiao's detailed introduction about what the commercial loan process is and how long it takes to approve the commercial loan. I hope to have a strict process, prepare the corresponding materials, ensure that these materials are authentic, and commercial loans can generally be approved.

Second, the conditions for applying for commercial loans

How old is it? Is there social security?

3. What are the application conditions for personal business loans?

Personal commercial loan conditions meet the following conditions:

1. The applicant is a citizen of China with full capacity for civil conduct and holds valid identity documents;

2. The applicant's own funds are not less than 30% of the total purchase price, which is guaranteed to be used as the down payment for the purchase;

3. The applicant has a stable job and income and can repay the loan principal and interest on time;

4. The applicant can provide a valid mortgage certificate recognized by the loan bank;

5. The applicant has signed a valid purchase contract or agreement with the developer;

6. Other conditions required by the lending bank.

Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. Generally, they are short-term loans, usually 9 months, and no more than one year at most, but there are also a few medium-and long-term loans. This kind of loan is the main part of commercial bank loans, generally accounting for more than one-third of the total loans.

Commercial loans, also known as individual housing loans, are commercial banks and housing savings banks approved by the People's Bank of China, which provide loans for urban residents to purchase ordinary housing for their own use and implement the statutory loan interest rate. Many commercial banks in Beijing have this business, such as CCB and ABC. The procedures for applying for loans are basically the same.

Commercial loans refer to the proportion of commercial loans in the guarantee balance of housing property right guarantee institutions at the end of the statistical period.

Advantages: few restrictions and various repayment forms. Commercial loans have no restrictions on whether the lender pays the housing provident fund. As long as the down payment reaches the proportion required by the bank and the credit line is good, the application procedure is relatively simple.

Disadvantages: the loan interest rate is high. The disadvantage of commercial loans is the high interest rate. Due to the high interest rate of commercial loans, the mortgage interest generated also ranks first among several types of mortgages.

Loan channel

1. Traditional loans (also called offline loans) refer to loan applications submitted through banks in real life. )

Second, online loans (also known as online loans, which refer to online loans submitting applications) are P2P financial loans.

The establishment of P2P was born between fundraisers and investors. Compared with traditional loans, Internet finance can avoid risks such as illegal fund-raising, bad debts and running away. Internet finance has no fixed investment group, which can effectively solve the safety of platform operation and protect the interests of investors.

3. Mobile loan (refers to submitting a loan application through the mobile loan app, which is flexible and convenient anytime and anywhere)

Loan target: China citizens aged 18 to 60 with full capacity for civil conduct.

Loan amount: After the borrower provides the pledge, mortgage, third-party guarantee recognized by CCB or has certain credit qualification, the bank will verify the corresponding pledge amount, mortgage amount, guarantee amount or credit amount of the borrower. The pledge amount shall not exceed 90% of the face value of the pledge right certificate provided by the borrower; The mortgage amount shall not exceed 70% of the assessed value of the collateral; The credit line and guarantee line are determined according to the borrower's credit rating.