Buying a house with a loan is now a very common thing. Buying a house with a loan can reduce the stress of buying a house and make life less rigid after buying a house, so it is loved by many people. So what are the application conditions for personal mortgage loans? Let’s take a look with the editor below.

1. Personal mortgage loan application conditions

1. The borrower must have a fixed residence in the local area, be under 65 years old (inclusive), and have full civil capacity; 2. Have a stable career and income, and the ability to repay principal and interest on time; 3. Have a good credit record; 4. Have a legal and effective guarantor for guarantee; 5. The purpose of the loan must be clear and comply with relevant regulations; 6. The lending bank Other conditions specified.

2. Personal housing loan application process

1. The developer proposes the lender’s intention to lend to the cooperative bank.

2. The bank that cooperates with the developer will inspect the developer's projects, credit rating, etc., and will also understand its financial situation and operating conditions. Only qualified developers can sign loans. Cooperation Agreement.

3. The house buyer signs a house purchase contract with the developer, and then pays the down payment in accordance with the requirements of the contract.

4. Within 7 days of the down payment, the home buyer should prepare the materials required by the loan bank and apply for a loan from the bank that cooperates with the developer. Materials such as the lender’s ID card, purchase contract, marriage certificate, etc. .

5. After all the materials are submitted, the lending bank will investigate all aspects of the lender. After passing the investigation, the bank will handle preliminary loan procedures, such as loan application, loan contract, etc. After all these procedures are completed, the borrower needs to open an account at the bank where the loan is taken. Opening an account will facilitate bank withdrawals and daily interest repayments, and then wait for the approval of the bank's superiors.

6. The bank's approval period is generally one week. If it exceeds one week, you must contact the bank in time and resolve it. If you have completed the procedures, you need to go through the guarantee procedures with the lending bank in time, and then you will be waiting for the loan.