Maximum mortgage loan for individual housing
The maximum mortgage loan for individual housing refers to the loan issued by the Construction Bank to the borrower with credit funds, with the borrower's own housing as the maximum mortgage, which can be recycled within the validity period and loan amount.
1. loan purpose: it is used to support individuals to buy houses and recover loans.
2. Loan targets: China citizens with full capacity for civil conduct, natural persons from Hong Kong, Macao and Taiwan with full capacity for civil conduct with the right of abode in Chinese mainland, and foreigners with full capacity for civil conduct with the right of abode in Chinese mainland.
3. Loan conditions: (1) legal status; (2) It has a stable economic income, the ability to repay the principal and interest of the loan, and no bad credit record; (3) There is a legal and effective purchase contract; (4) If the newly purchased house is used as the maximum mortgage, it must have a legal and effective purchase contract, the age of the house is within 10 years, and a down payment of not less than 30% of the total price of the purchased house has been prepared or paid; (5) If the mortgage loan has been purchased and handled, the original mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the mortgaged house has obtained the ownership certificate, and the age of the house is within 10 year; (6) Being able to provide effective guarantee recognized by the loan bank; (7) Other conditions stipulated by the lending bank.
4. Loan amount: the maximum amount shall not exceed 70% of the purchased house price;
5. Loan term: Generally, the longest loan term is 30 years. If the newly purchased house is used as the maximum mortgage, the effective date is the day before the signing date of the individual housing loan contract; If the original mortgage loan of China Construction Bank is converted into the maximum mortgage loan, the starting date of the validity period is the day before the original mortgage loan issuance date.
6. Loan interest rate: The loan interest rate is the same as the individual housing loan interest rate.
7. Materials to be submitted when applying for a loan:
(1) When the borrower applies for the maximum mortgage loan for individual housing with newly purchased housing or unsecured self-owned housing as the maximum mortgage, it shall provide;
Identification materials;
Proof of solvency;
Down payment invoice;
In the "individual housing loan application", it is proposed to apply for the maximum mortgage loan for individual housing.
(2) If the original mortgage loan in China Construction Bank is converted into the maximum mortgage loan for individual housing, the customer needs to fill out the Application Form for the Maximum Mortgage Loan for Individual Housing of China Construction Bank and provide it to the loan bank.
Proof of identity and marital status
Solvency certificate
(If the above materials are already in the original loan application and have not changed when applying for the maximum mortgage loan, they can no longer be provided);
Certificate of house ownership;
A statement that the co-owners of the mortgaged property agree to handle the maximum mortgage;
The original loan contract of the original housing mortgage loan.
(3) If the original mortgage loan from other banks is converted into the maximum mortgage loan, the borrower needs to fill in the Application Form for the Maximum Mortgage Loan for Personal Housing of China Construction Bank and provide it to the lending bank:
Proof of the identity and marital status of the borrower;
Proof of the borrower's solvency;
Certificate of house ownership;
A statement that the co-owners of the mortgaged property agree to handle the maximum mortgage;
The original loan contract of the original housing mortgage loan;
The repayment record of the original housing mortgage loan in the past year.
8. Customer loan process: same individual housing loan.
Loans to individual housing buyers
Personal housing loan is a loan granted by China Construction Bank to natural persons who purchase, build and overhaul various types of housing in Chinese mainland cities and towns. It is also commonly called "personal housing mortgage loan".
-1. loan purpose: it is used to support individuals to purchase and maintain urban housing in Chinese mainland. At present, its main products are mortgage and staged guarantee personal housing loans, which are commonly called "personal housing mortgage loans".
2. Loan targets: China citizens with full capacity for civil conduct, natural persons from Hong Kong, Macao and Taiwan with full capacity for civil conduct with the right of abode in Chinese mainland, and foreigners with full capacity for civil conduct with the right of abode in Chinese mainland.
-3. Loan conditions: The borrower must meet the following conditions at the same time: (1) has legal status; (2) having stable economic income, good credit and the ability to repay the principal and interest of the loan; (3) There are legal and effective purchase and overhaul contracts and other supporting documents required by the loan bank; (4) Having self-raised funds of more than 20% of the total price of the purchased (overhauled) house, and guaranteeing to pay the down payment of the purchased (overhauled) house; (5) Having mortgaged or pledged assets recognized by the lending bank, or (and) having legal persons, other economic organizations or natural persons with sufficient compensation capacity as guarantors; (6) Other conditions stipulated by the lending bank.
-4. Loan amount: the maximum amount is 80% of the total price or evaluation value of the purchased (overhauled) house (whichever is lower);
-5. Loan term: Generally, the longest loan term shall not exceed 30 years.
-6. Loan interest rate: the loan interest rate is the commercial loan interest rate, and the upper limit is liberalized and the lower limit management is implemented. The lower interest rate level is 0.9 times of the benchmark interest rate of the corresponding term and grade loans.
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-8. Customer loan process:
-( 1) application. The customer submits a written loan application to the bank and submits relevant materials.
-(2) sign a contract. After receiving the loan approval notice from the bank, the loan applicant shall sign a loan contract and a guarantee contract with the loan bank, and handle notarization, mortgage registration, insurance and other related procedures as appropriate.
-(3) open an account. Customers who choose entrusted deduction for repayment need to sign an entrusted deduction agreement with the bank, and open a special savings passbook account or a savings card or credit card account at the business outlets designated by the lending bank for repayment. At the same time, the seller shall open a settlement account or deposit account with the loan bank.
-(4) Recover the loan. With the consent of the lending bank, the lending bank will directly transfer the loan to the deposit account opened by the borrower in the lending bank, or transfer it to the deposit account opened by the seller in one lump sum or by stages according to the loan contract.
⑤ Repay on schedule. The borrower shall repay the principal and interest of the loan according to the repayment plan and repayment method agreed in the loan contract. At present, there are two repayment methods to choose from: entrusted deduction and counter repayment.
-(6) loan settlement. Loan settlement includes early settlement and normal settlement. Early settlement refers to the settlement of the loan (one-time repayment of principal and interest) or the last loan (installment loan) before the loan maturity date; Normal settlement refers to the settlement of the loan on the maturity date of the loan (one-time repayment of principal and interest) or the last installment of the loan (installment loan). If the loan is settled in advance, the borrower must apply for early settlement 10 working days after paying off all payables. After the loan is settled, the borrower receives the "loan settlement certificate" from the loan bank, retrieves the mortgage registration certificate of real estate ownership and the original insurance policy, and goes through the mortgage registration cancellation formalities with the "loan settlement certificate" issued by the loan bank.