2. Bank loans will definitely be reported, but informal loans from some financial institutions will not be reported.
3. Different loan thresholds: The loan thresholds of financial institutions are relatively looser than those of banks.
4. The review process is different. The audit of bank loans is relatively stricter than that of financial institutions.
5. The lending speed is different. Financial institutions usually lend faster than bank loans.
6. The loan interest rate is different. Bank loan interest rates are generally lower than those of financial institutions.
7. Different business scope: The business scope of bank loans is generally wider than that of financial institutions.
What is the application procedure for bank mortgage?
1. Sign the house sales contract. Of course, this is only an intentional contract. Don't transfer the ownership yet and don't pay the down payment. The down payment depends on the terms you talked to your last hand.
2. Submit a loan application to the bank. After the bank accepts your application, if the information is incomplete or insufficient, it will ask you to provide additional information. The general approval time is about 2 weeks.
When the bank approves your loan application instead of your loan, you should pay attention to it. You should ask the bank manager when the loan can be arranged after the mortgage is completed. After confirmation, you can handle the transfer and pay the down payment. It should be noted here that the general bank requires the down payment to be paid at the handling bank, but you don't recognize it at other banks.
4. Sign loan contracts with banks, pay various fees, and handle mortgage and insurance. When signing a loan contract, you should read the terms clearly, because most bank managers complete these loan contracts in batches, and mistakes and omissions are inevitable.
5. Go through mortgage and insurance procedures.
6. loans. Some banks need customers to apply for loans again. Remember to ask the bank for your loan contract and loan receipt after lending. There are also insurance policies, evaluation books and invoices for second-hand houses. There are also two copies of the real estate license, remember to let the bank affix the administrative official seal, because some organs and departments need to do things.