The developer applied for a loan from the bank to build and buy all the houses in the development project.
Individuals applying for loans from banks are buying one of all the houses developed by developers.
Therefore, it is certainly different for individuals to apply for loans to buy a house from banks and developers to apply for loans to buy a house from banks!
Can real estate developers borrow money from banks?
1. Premises for real estate developers to borrow from banks: A project's own funds must reach a certain proportion (generally higher than 20% according to different projects). Whether the project complies with national laws, regulations and policies. Whether the repayment source of the project is sufficient. Whether the company's current financial situation can provide sufficient and effective guarantee. Whether the loan is used reasonably. 2. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must repay them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development; At the same time, banks can also obtain loan interest income and increase their own accumulation.
Is the developer cooperative bank loan approved well? Not necessarily!
Friends who have bought a house should know that when you choose a house and plan to apply for a mortgage, basically the developers of the house will have cooperative banks, and buyers need to go to these designated banks to apply for a mortgage. A friend asked, has the developer cooperative bank mortgage been approved? Actually, not necessarily!
Is the developer cooperative bank loan approved well?
In fact, judging from the relevant provisions of the law, developers do not have the right to designate banks, and users can apply for mortgages in any bank. But in practice, developers and banks are mutually beneficial, and mortgage has always been one of the profitable businesses of banks.
Moreover, developers have mastered the relevant information of more than half of the bank's mortgage customers, so the two can easily become cooperative relations. Developers provide more than 60% customers for banks, and banks can promise to give priority to developers' customers in loan applications and loans.
In other words, when applying for a loan in a bank that cooperates with the developer, the approval time and lending time of the loan may be faster than others, but the approval requirements are still the same. Whether a user can apply for a mortgage, the bank will comprehensively consider the user's personal credit, debt ratio, income and other aspects, and will not relax because of cooperation with developers.
Under normal circumstances, developers have prepared all the relevant information of the house before the opening of the property. If the user applies for a mortgage in a bank that cooperates with the developer, the developer can assist the user to provide relevant information. Whether it is the application process or the application materials, it will become simpler and benefit all three parties.
The above is "is the developer cooperative bank mortgage approval good?" I hope I can help you!
Cooperation process between real estate developers and loan banks
First, real estate review.
Before the borrower applies, the credit cooperative (department) needs to review the property to be provided with personal housing loans. The operation process of real estate audit is: developer application → project inspection → examination and approval → signing project cooperation agreement → post-loan supervision.
When a real estate company applies, the credit union (department) requires the real estate company (hereinafter referred to as the "developer") to submit the following materials:
1, written application; 2. Company information, including business license, tax registration certificate, legal person code certificate, articles of association, loan card, account opening, company profile, certificate of legal representative or authorized agent, resolutions of shareholders' meeting, etc. 3. Project information, including qualification certificate of real estate development enterprise, construction land planning permit, construction project planning permit, construction project construction permit, state-owned land use permit, project budget information, pre-sale permit of commercial housing, etc. 4, rural credit cooperatives that need to provide other information.
The main contents of the project investigation include whether the procedures are legal, whether the project funds are in place, the basic situation of the project, market prospects and benefits. On-the-spot investigation of the project, verification of information, writing an investigation report after the project investigation, submitting the investigation to the examination department, and signing the Cooperation Agreement on Personal Housing Consumption Loan Project with the developer after approval.
Second, the loan operation process
The specific process is as follows: borrower's application → pre-loan investigation → approval → signing loan contract → handling insurance, notarization, guarantee and other procedures → issuing loan → data filing → post-loan management → repayment of loan → settlement of mortgage.
(a) the borrower's application
When the borrower applies for a personal housing loan, the house purchased must be an existing house or an auction house with a multi-storey main structure capped with more than two-thirds of the total investment completed by the senior management. The borrower shall fill in the Application Form for Individual Housing Loan and provide the following information:
1. Borrower's ID card (resident ID card, household registration book or other valid proof of residence);
2. Proof of marital status (marriage certificate or husband-wife relationship certificate issued by the marriage registration authority for the married, and unmarried certificate for the unmarried);
3. A down payment certificate of not less than 30% of the house price; However, if the first set of self-occupied housing is purchased, and the Taoxing area is 90 square meters or less, the down payment ratio shall not be less than 20%; The down payment ratio for purchasing commercial facades shall not be less than 40%.
4. A legally binding commercial housing sales contract uniformly printed by the real estate administrative department;
5. * * * Proof that the owner agrees to use the purchased house as collateral;
6. Proof of the borrower's family property and economic income. If it belongs to the borrower's family members, all parties shall sign a confirmation letter of repayment responsibility, making it clear that one party is unable to repay and the other party will continue to bear the repayment responsibility.
(2) Acceptance and investigation
After receiving the above information, the credit department will investigate the authenticity of the information and the borrower's ability to repay the principal and interest of the loan, and determine the amount and term of the loan. The main contents of the survey include:
1. Whether the down payment is fully deposited into the special account for selling houses opened in the credit union; 2. Whether the house price is reasonable and comparable to the market price of similar local properties; 3. Whether the loan term plus the borrower's age is over 60 years old; 4. Whether the mortgage guarantee is sufficient and effective, whether anyone has issued a legal document agreeing to mortgage, and if necessary, ask the borrower to provide a real estate appraisal report and other rights certificates.
(3) loan approval
The loan review department focuses on: 1, the authenticity of the house purchase behavior, and prevents the borrower and the developer from colluding to defraud the bank loan; 2. Whether the price of the purchased house is equivalent to the local market price of similar real estate, and if necessary, an institution with real estate appraisal qualification can be entrusted for evaluation; 3.* * * Whether anyone has issued a written legal opinion agreeing to mortgage; 4. The borrower's ability to repay the loan principal and interest;
After review by the loan review department, the loan amount and duration can be proposed, and individual housing loan contracts can be signed with borrowers and developers, which can be directly reported to the authorized approver for approval. When signing a loan contract, the agent bank should take the initiative to explain the terms of the contract to the borrower and guarantor.
The borrower can only issue the loan after completing the formalities of home insurance, notarization and mortgage pre-registration. When the loan is issued, the loan officer fills in the loan slip, and the borrower signs it or confirms it by fingerprint. At the same time, the borrower signs the authorization of transfer and deduction, and the credit union directly transfers the money to the special account for selling houses opened by the developer in the credit union, and informs the borrower that the loan has been issued, and the developer issues a receipt.
The Credit Department shall complete the data archiving within 10 working days after the loan is issued.
Let alone the introduction of developers and bank loans.