What procedures do I need to go through after I pay off my personal bank loan?
1. If it is an ordinary online loan or a bank financial loan, you need to apply for a settlement certificate after the loan is repaid. If you apply for a mortgage loan or a car loan, you need to go through the mortgage or surrender procedures when you apply for a loan settlement certificate.
2. After the mortgage is paid off, you need to go to the bank for the loan settlement certificate, and go to the housing management office and the insurance company to understand the mortgage and surrender procedures.
3. Mortgage loan and auto loan are basically mortgage loans, so you need to bring the loan settlement certificate to the local real estate management department or dmv for mortgage cancellation.
What conditions do bank loans need to meet?
1. Good credit information: Banks will pay special attention to customers' credit information when judging their qualifications, which requires customers to have good credit information reports, no credit stains on credit information, and not too many credit information inquiry records and loan records in a short time.
2. Age meets the requirements: to apply for a loan in a bank, the customer must be over 18 years old, and different loan products have different requirements for the customer's age. Minors can't apply for loans in banks.
3. Have the capacity for civil conduct: the customer cannot be unable to bear the debt liability due to physical or other reasons, so that the bank will directly refuse the loan when examining the customer's qualification.
4. Have a stable source of income: Banks attach great importance to customers' income and need customers to have a stable and sufficient source of income when applying for loans. For example, if customers apply for a mortgage, they will be required to earn at least twice the mortgage payment every month.
5. Not too much debt: When evaluating the customer's qualification, the bank will also care about the customer's debt. When the customer's debt reaches a certain level, for example, it has exceeded 50%, the bank will feel that the customer's debt pressure is great and refuse to lend directly.