A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest. Where a contract is concluded in the form of a contract, the parties shall sign, seal or print the text of the contract. After the establishment of this contract, both parties shall hold one copy of the contract.
Matters needing attention in housing loan
1. Apply for the loan amount according to your own ability.
Take a piece of paper, fill in your requirements one by one according to their importance, write down the affordable price in another column of the paper, make a budget according to your own economic strength, and then work out the amount you want to borrow. Generally speaking, the higher the down payment ratio, the shorter the contribution period and the smaller the monthly pressure.
2. Choose a good loan bank for mortgage.
The more services provided by mortgage banks, the more detailed they are. Borrowers will get flexible and diverse personal financial services, as well as a rich portfolio of services and products. They should choose the right loan bank according to their actual situation.
3. Choose the repayment method that suits you.
At present, there are basically two ways to repay personal housing loans: one is equal repayment, and the other is equal principal repayment. Both methods have advantages and disadvantages, and borrowers need to rationally choose the most suitable repayment method.
The information provided to the bank should be true.
To apply for personal housing commercial loans, banks generally require borrowers to provide proof of economic income. For individuals, it is necessary to provide true personal occupation, position and recent economic income, which will make banks reduce their trust in you and thus affect loan applications.
5. Repay on time every month to avoid penalty interest.
For borrowers, before the agreed repayment date every month, they should pay attention to whether there are enough funds in their repayment accounts, so as to avoid being punished by the bank for their negligence and leaving a bad credit record in the bank.
legal ground
People's Republic of China (PRC) Civil Code
Article 490 Where the parties conclude a contract in the form of a contract, the contract is formed when the parties sign, seal or fingerprint it. Before signing, sealing or fingerprinting, one party has fulfilled its main obligations, and the contract is established when the other party accepts it. A contract shall be concluded in written form as stipulated by laws, administrative regulations or agreed by the parties. If the parties do not do this in writing, but one party has fulfilled its main obligations and the other party accepts it, the contract is established.
Article 667 A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.
Article 668 A loan contract shall be in written form, unless otherwise agreed between natural persons. The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.