Personal mortgage loans generally require a property that meets the requirements of our bank to apply for mortgage;
At present, our mortgage loan only accepts real estate as collateral; If you need to apply for a personal automobile mortgage, you can use the purchased car as a mortgage application; If you have unexpired time deposits, certificates of deposit, etc. You can also try to apply.
If you have a local branch in our bank and meet the loan conditions, you can try to apply to our bank. The application requirements and conditions of various loan types are different. First of all, what is the purpose of your loan? Our loans are issued for specific loan purposes (such as buying a house, buying a car, running a business, studying abroad, etc.). ), and when applying for a loan, relevant supporting materials must be provided according to the "loan purpose". As the types of loans provided by branches are different, it is suggested that you first log on to the homepage of China Merchants Bank, click "Online Customer Service" in the upper right corner and select Manual Input. After providing the opening city and loan purpose of the one-card account, you can check whether the local branch has the loan type, application conditions and materials you need to provide.
What can I use as collateral?
Mortgage loans can generally mortgage the following six items:
1, inventory mortgage. Refers to all kinds of goods as collateral, such as commodities and raw materials. ;
2. Securities mortgage. Take various securities as collateral, including bonds, stocks, certificates of deposit, bills of exchange, etc. ;
3. Equipment mortgage. Taking vehicles, ships and mechanical equipment as collateral;
4. Real estate mortgage. Seize real estate, land, etc. As collateral;
5. Customer account mortgage. Collateral with accounts receivable;
6. Life insurance policy mortgage. Take the surrender amount of life insurance as collateral.
Mortgage loan, also known as "mortgage loan". Refers to a loan method adopted by banks in some countries. The borrower is required to provide a certain amount of collateral as a guarantee for the loan to ensure repayment when the loan expires. Collateral is generally an item that is easy to keep, wear and sell, such as securities, bills, stocks, real estate, etc. After the loan expires, if the borrower fails to repay the loan on time, the bank has the right to auction the collateral and repay the loan with the proceeds from the auction. The balance of the auction money after paying off the loan shall be returned to the borrower. If the auction money is not enough to pay off the loan, the borrower will continue to pay off. mortgage
Similarities between mortgage and pledge:
1. Mortgage loan refers to the loan that the borrower obtains from the bank with certain items as the guarantee. Both are common forms of bank loans.
2. Mortgage and pledge belong to guarantee. Guarantee refers to the system that the law urges the debtor to perform his debts with the credit or specific property of the debtor or a third party in order to ensure the specific creditor to realize his creditor's rights.
The difference between pledge and mortgage
(1) provides different protection items. Mortgaged collateral is usually real estate (such as land and houses) and special movable property (cars, boats, etc.). ); Pledges are mainly movable property (such as certificates of deposit and bonds).
(2) The forms of possession are different. Mortgage does not take place in the form of transferring the possession of collateral, and the mortgagor is still responsible for keeping the collateral; Pledge changes the form of possession of pledged property, and the pledgee is responsible for keeping the pledged property. For example, I mortgaged my property, but it is still in my possession and custody. If I pledge the deposit slip, the deposit slip will be possessed and kept by the creditor.
(3) The mortgage only has the simple guarantee effect, and the pledgee in the pledge not only controls the pledge, but also embodies the lien effect.
(4) Different disposal rights. If the debtor fails to repay the debt on time, the creditor has no direct right to dispose of the collateral, and needs to negotiate with the mortgagor or complete the disposal of the collateral after passing the appeal judgment; However, the creditor may dispose of the pledge outside the time stipulated in the contract without consultation or judgment.
What collateral do you need for bank loans?
I believe everyone will be familiar with loans. Now many friends have had the experience of applying for loans in banks. In many loan businesses of banks, mortgage loans need to be mortgaged, and many people don't know what to mortgage. Let me talk about what kind of mortgage is needed for bank loans.
1. Collateral is generally an item that is easy to keep, wear and tear, and easy to sell, such as securities, bills, stocks, real estate, etc.
2. Mortgage loan, also known as "mortgage loan". Refers to a loan method adopted by banks in some countries. The borrower is required to provide a certain amount of collateral as a guarantee for the loan to ensure repayment when the loan expires.
3. After the loan expires, if the borrower fails to repay the loan on time, the bank has the right to auction the collateral and repay the loan with the proceeds from the auction. The balance of the auction money after paying off the loan shall be returned to the borrower. If the auction money is not enough to pay off the loan, the borrower will continue to pay off.
The above is the introduction of what mortgage is needed for bank loans. If you don't know much about this, you may wish to refer to the above introduction.
What are the ways of mortgage loan?
1. The property owner applies to the bank himself.
When your loan information, real estate, personal flow and liabilities are all of good quality, the borrower can choose to apply directly to the bank. For the specific operation process, you can consult several loan banks and prepare and submit materials according to the relevant loan requirements.
The advantage of personal application for real estate mortgage loan is that it can save some intermediary fees; The disadvantage is that the interest rate may be higher and it may take longer; If the loan scheme is not good, the relative risk of rejection will be higher. Therefore, I suggest that you should compare and screen the correct banks before applying for real estate mortgage loan to avoid the situation that it takes a long time to get approval.
2. Apply for a mortgage loan through a loan intermediary.
If you choose a loan intermediary to apply for a real estate mortgage loan, you should pay attention to the service fee, which will be mainly collected by the intermediary company. Usually, the advantages of choosing an intermediary company to handle mortgage loans are: saving the processing time of mortgage loans; The most important thing to choose a suitable loan bank and high-quality loan scheme quickly is that the loan intermediary is rich in resources and has a wide network of contacts, and the success rate of handling will be higher than that of individual applications.
How to use mortgage loan?
1. Relevant procedures need to be prepared: loan application, user ID card, household registration book, income certificate, marital status certificate and other materials. Users of mortgage loans need to provide proof of ownership of collateral, while others need to provide good credit records.
2. Pre-loan bank approval: to approve the bank loan application and related materials submitted by users.
3. Other procedures: users also need to go to the relevant departments for mortgage registration and filing.
4. Bank loan: After approval, the bank will inform the user of the loan amount, loan term, loan interest rate and other related information, and sign a contract with the user to credit the loan to the user's account.
5. Repayment method: The user repays the principal and interest on a monthly basis according to the time agreed in the contract.
Supplementary information: Matters needing attention in applying for mortgage loan:
① No prepayment of the first loan within one year: According to the provisions of provident fund loans, some loans are repaid in advance after one year of repayment, and the loan amount should exceed the repayment period by six months.
Don't forget to cancel the mortgage after paying off the loan. When you pay off all the loan principal and interest, the loan agreement certificate and collateral held by the bank can be revoked by the district and county real estate trading center where the real estate is located.
(3) don't lose the loan contract and IOUs. When applying for mortgage loan, the loan contract and loan bill signed by the bank with you are important legal documents. As the loan term can be up to 30 years, as a borrower, it should be properly kept.
(4) It has legal housing conditions, stable income, the ability to repay the principal and interest of the loan, and no bad credit record; Having a legal and effective purchase contract; If the term does not exceed 10 year, a down payment of not less than 30% shall be paid; Has purchased and obtained a mortgage loan, and has repaid the original mortgage loan for more than one year. Finally, don't forget to check with your local bank: If you can't repay your debt before the loan term ends, please don't be too hard on yourself. ICBC customers can apply to ICBC for extending the loan term. If the bank verifies that the loan principal and interest are not in arrears, ICBC will accept your loan extension application.