When signing a loan contract, the repayment time of the mortgage will be clearly stipulated in the contract, because most borrowers' wages are around 10 or the end of the month, so the repayment time of the mortgage is mostly in the middle or the end of the month. You can consult the loan bank or check the loan contract for specific repayment time.
When applying for a mortgage, the bank will sign a loan contract with the borrower, specifying the repayment date in detail. If the borrower finds that the repayment date is unreasonable, he must communicate with the bank staff in time and apply for changing the repayment date. Don't wait until he finds that the repayment is inappropriate, which will lead to loans overdue and cause unnecessary influence on himself.
What are the conditions for a bank loan to buy a house?
1. The applicant is a natural person aged 18-60 (Hong Kong, Macao and Taiwan and foreigners are also allowed).
2. The applicant has a stable job and income, and has the ability to repay the loan principal and interest on time.
3. The applicant's actual age plus the loan application period shall not exceed 70 years old.
4. There are legal and effective contracts and agreements for house purchase, construction and overhaul, as well as other supporting documents required by the lender.
5. Self-raised funds account for more than 30% of the total purchase price (for self-occupied houses with a construction area of less than 90 square meters, self-raised funds account for 20% of the total purchase price) and are guaranteed to be used for the down payment.
6. Mortgage or pledge the assets recognized by the lending institution, or use legal persons, other economic organizations and natural persons with sufficient compensation capacity as guarantors.