Of course, if customers want to apply for mortgage loans in banks, they naturally need to provide personal assets as collateral, such as real estate and securities.
The collateral provided must have a certain value space; Generally, it is an item that is easy to preserve, not easy to wear and easy to sell; And the real estate license should be complete and clear. If it is not unique to the individual, the customer must obtain the written consent of the property owner before handling the mortgage loan for the mortgaged assets.
The amount of mortgage loans that can be approved is generally higher than that of pure credit loans. If the customer wants to increase the chances of approval when making a loan, he can also find a reputable person to guarantee his loan. However, we need to note that if the mortgage loan cannot be repaid on time, the bank has the right to auction the collateral and then use the auction proceeds to offset the debt.
When handling mortgage loans, you can submit real estate, vehicles, etc. As collateral. The bank will evaluate the collateral submitted by the borrower and then give the loan amount. At this point, the borrower can apply for a loan within the loan amount. If the assessed amount of collateral can't meet the loan demand, you can continue to submit collateral at this time.
Although collateral is not needed for handling credit loans in banks, borrowers need to submit income certificates and work certificates. The more personal income, the more money they can borrow. At the same time, the nature of the borrower's work will also affect the loan amount. General banks prefer civil servants, teachers, doctors and other occupations.
Generally, when applying for a loan, the borrower needs to be over 18 years old, have full capacity for civil conduct, have good personal credit information, and provide valid personal identification and loan application. After the submission, the bank will conduct an audit, and the loan can only be obtained after the approval. Some banks also need borrowers to find guarantors, and only in this way can they get loans smoothly.
Users can compare the loan interest rates provided by different banks before formally applying for loans, and then choose the one with low loan interest rate, so that the interest paid after loans is low, which is conducive to the return of subsequent loans. At the same time, the loan can be repaid in advance, saving interest expenses.
Users will collect loans after they are overdue. Moreover, overdue repayment will affect personal credit information, and applying for a loan again after a bad credit information will also be affected. If it is not returned for a long time, the bank will collect it. If the loan does not intend to be returned, the bank will sue the borrower and must return it after the subsequent court decision, otherwise it will be enforced.
Legal basis:
People's Republic of China (PRC) Civil Code
Article 395
The following properties that the debtor or a third party has the right to dispose of may be mortgaged:
(a) buildings and other land attachments;
(2) The right to use construction land;
(3) the right to use the sea area;
(4) Production equipment, raw materials, semi-finished products and products;
(5) Buildings, ships and aircraft under construction;
(6) means of transportation;
(seven) other property not prohibited by laws and administrative regulations.
The mortgagor may mortgage the property listed in the preceding paragraph together.