The maximum amount of commercial loans can reach 70% of the property value, and some will reach 80%. But the specific amount is still based on the actual loan amount of the bank. When the user handles the loan business, the lending institution will determine the appropriate loan amount according to the user's assets.
What information should I prepare to apply for a commercial loan?
1. They have legal residence status.
2. Have a legal and stable occupation and income.
3. Have the ability to repay the loan principal and interest on time.
4. Having assets mortgaged or pledged with the approval of the loan bank, or having qualified guarantors.
5, there is a contract or agreement to buy housing.
6. When applying for a loan, you must pay a deposit of not less than 20% of the funds needed for buying a house. Different banks have different requirements. If the payment has been paid to the seller in advance, the original and copy of the payment receipt must be provided.
7. Other conditions stipulated by the lending bank.