Loan conditions: the lender has a stable occupation and income, good credit and the ability to repay the principal and interest of the loan; The lender has signed a legally binding commercial housing sales contract with the developer, and has paid the down payment of 30% or more specified by the bank; The Lender agrees to go through the mortgage registration of pre-purchased commercial housing first, and promises to use the purchased house as the loan mortgage, and then go through the mortgage registration formalities after the purchased house is completed and the property right certificate is obtained.
Loan amount: The commercial loan amount depends on your personal credit qualification, loan term, repayment ability, total house price and other conditions. Generally speaking, the down payment is 30% and the loan is 70%. The longest loan period is 30 years, and the borrower is no more than 65 years old for men and 60 years old for women.
Loan process: determine the loan bank-apply for loan, submit materials-accept and review by the bank-sign a loan contract-go through mortgage (pledge) registration, insurance, notarization and other procedures-bank approval, loan release-timely repayment-early repayment-end of repayment and cancellation of mortgage registration.