To apply for a personal first-hand housing loan in China Bank, the borrower shall meet the following conditions:
1. Have permanent residence or valid residence status in China (foreigners can also apply, please refer to relevant local regulations for details;
2. Have stable professional and economic income, good credit and the ability to repay the principal and interest of the loan;
3, has signed a contract or agreement to buy housing;
4. Must pay the down payment of the purchased house that meets the requirements of relevant regulations;
5. Provide effective guarantee recognized by the lender;
6. Other conditions stipulated by the lender.
Because there are some differences in different regions, please consult local institutions in detail when applying for loans.
The above contents are for your reference. Please refer to the actual business regulations.
What are the requirements for mortgage loan conditions?
Mortgage loan has the following conditions: legal status; Have a stable economic income and the ability to repay the loan principal and interest on schedule; Provide contracts and agreements for the purchase, construction and overhaul of houses and other supporting documents required by the loan bank; Self-raised funds of more than 30% of the total house price (the down payment ratio is not less than 20% for self-occupied houses with a construction area of less than 90 square meters); Agree to use the assets recognized by the loan bank as collateral or pledge, or use units or individuals with sufficient compensation capacity as guarantors; The borrower has paid more than 20% of the down payment of the house. After handling the mortgage loan, the developer requires that the house be mortgaged to the bank.
1. How long does it take to release the loan after approval?
Many people think that once the mortgage is approved, they can get the approved loan funds immediately. This is actually a wrong idea. After the loan is approved, mortgage registration is required first. After the mortgage registration is completed, the speed of lending depends on two factors. 1. Loan types (pure commercial loans and portfolio loans); The second is the amount of bank loans.
1. Loan type: pure commercial loan to buy a house. After the approval of the bank leader, if the branch has a quota, it can generally withdraw the loan directly. It is precisely because commercial loans are faster that developers like property buyers to use commercial loans; If the buyer applies for a portfolio loan/pure provident fund loan, then the provident fund part also involves the amount of the provident fund center. At this time, in addition to the bank's approval, you need to wait for the approval of the provident fund center, and even if the provident fund center approves, you need to wait until the building is capped, so portfolio loans often take a long time.
2. Bank quota: Many people don't understand. Isn't the bank a lending institution? How is it possible that there is no loan line and we have to wait? This is actually related to the credit line of the head office. For example, the local real estate market is very hot recently, and there are many people buying houses, and the number of people applying for mortgages has soared in a short time. At this time, banks are prone to insufficient credit lines (on the one hand, the bank's loan line comes from the amount of deposits, and loan-to-deposit ratio has a quota ratio; Second, in order to control credit risk, some banks have set limits on various industries, especially those with high risk concentration. If the upper limit exceeds the lower limit, they will no longer be connected. If it exceeds the intermediate limit, the existing connection part will no longer be approved; If the loan exceeds the high limit, it will not be lent for the time being), so once this happens, you can only wait honestly (when the old customer returns the release quota), and generally there is no specific time to say how long to wait. Anyway, it is not uncommon to wait a few months in reality.
What conditions do you need for a mortgage to get the money?
The conditions that need to be met by buying a house with a loan mainly include the following:
At the age of 1. 18 (inclusive), the loan period is no more than 65 (some banks have relaxed to 70), and they have full capacity for civil conduct.
2. Have a valid residence status in the local area (residence booklet or temporary residence permit can be provided).
3. Have a stable and legal source of economic income, provide a bank flow of not less than twice the monthly payment, and have the ability to repay the loan principal and interest on schedule.
4. Self-owned funds of not less than 30% of the total house price are used as the down payment for house purchase.
5. Personal credit is good, and there are no bad records or serious negative information in the credit report (if married, the spouse's credit report will also be reviewed).
6. To apply for a provident fund loan, you must pay the provident fund in full and on time for more than six months (inclusive), and the provident fund account in the month of application is in a normal state, and there is no provident fund loan in the customer's name or the loan has been settled (if you have applied for a provident fund loan twice, you can't apply for a provident fund loan regardless of whether the loan has been paid off).
What are the requirements for applying for a mortgage?
Handling mortgage loan is a very complicated process. Banks need to approve loans according to the information you provide. Submitting information does not mean that banks can approve loans, and some will be refused loans. Then, the following small series will share with you the requirements of mortgage conditions and the procedures for mortgage.
1. What are the requirements for mortgage conditions?
The requirements of mortgage conditions are as follows:
1. A person with legal status who has paid the housing provident fund in full and on time has stable income, good credit and the ability to repay the loan.
2. There are legal purchase contracts, agreements and other documents required by the loan bank, and more than 30% of the total price of the purchased house is paid by itself.
3. A legal person who owns the assets recognized by the loan bank as collateral or has compensatory capacity meets the loan conditions stipulated by the local provident fund management department.
2. What are the mortgage procedures?
1, commercial loan procedures are simple. If the bank determines that you have the ability to repay the loan, you can make a commercial loan, but the loan interest rate is higher than the provident fund.
2. If you need a local account, you need a local guarantee to provide a local account certificate.
3. Provident fund loan is more complicated, but its interest rate is lower. I suggest you use the provident fund loan. Although the procedure is complicated, it is cost-effective.
4. The provident fund loan requires a local account. If it is not a local account, it needs to be relocated. In some places, the provident fund policy has been relaxed, and foreign provident funds can also be loaned to buy a house. It is recommended to consult the relevant departments before buying, which will be more reassuring and avoid bringing unnecessary trouble to yourself.
5. If you are married, you need to write the names of two people on the real estate license, and you need a copy of the other party's ID card, credit details, marriage certificate and other documents. These documents need to be prepared, and the remaining sellers will find them.
The article concludes: The above are the requirements of mortgage conditions and related contents of mortgage procedures shared by Bian Xiao, hoping to help everyone. If you don't know anything, you can also find a decoration developer, who will help you.