What conditions do migrant workers need to borrow money to buy a house?
Lending is a kind of credit activity in which banks lend monetary funds at a certain interest rate and return them when necessary. Banks increase their own funds and earn interest income by lending. Then, what conditions do migrant workers need to buy a house with a loan? Generally speaking, the loan demand meets the following conditions:
1. A citizen of China who has a fixed residence at the place where the loan bank is located, has a fixed residence or a useful residence certificate, is under 65 years of age (inclusive) and has a thorough civil behavior;
2 have a reasonable job and a stable income, and have the level of repaying the principal and interest of the loan on schedule;
3. Excellent credit record and repayment willingness, and no bad credit record;
4. Being able to provide legal, useful and reliable guarantees recognized by banks;
5. There is a clear loan purpose, and the loan purpose is in compliance with relevant regulations;
6. Other conditions of banking rules.
Generally speaking, for personal consumption loans, personal credit loans and other loan types, the requirements for loans are largely based on personal credit accumulation in banks. In this process, try to submit some materials that can increase your credit when applying for a loan, such as academic qualifications and income certificates. The higher the credit accumulation, the larger the loan amount.
What conditions and procedures do migrant workers need to borrow money to buy a house?
1. Three copies of the ID card and household registration book of the applicant and his lover (if the applicant and his lover do not belong to the same household registration, proof of marital status shall be attached).
2. The original purchase agreement.
3. 1 Original and photocopy of advance payment receipt for 20% or more of the house price.
4. The applicant's family income certificate and relevant property certificates, including salary table, personal income tax payment form, income certificate issued by the unit, bank deposit certificate, etc.
5. The developer's collection account number is 1 copy.
Information to be provided by the borrower;
1. Husband and wife's ID cards and household registration books/foreigners need temporary residence permits and household registration books;
2. Two copies of marriage certificate/divorce certificate or court judgment/single certificate;
3, proof of income (bank designated style);
4. Copy of the business license of the local unit (with official seal);
5. Credit certificate: including education certificate, other real estate, bank running water, large deposit certificate, etc.
6. If the borrower is an enterprise legal person, it shall provide annual business license, tax registration certificate, organization code certificate, articles of association and financial statements.
What are the precautions for migrant workers to borrow money to buy a house?
1. Provide materials to the bank realistically, provide your address and information accurately, and inform the bank in time when there is any change;
2. The purpose of borrowing should be legal and compliant, and the trading background should be practical;
3. Choose the appropriate repayment method according to your repayment level and future income expectation;
The amount of the loan you apply for should be within your ability. Generally, the monthly repayment amount does not exceed 50% of the total family income;
5. Read the terms of the contract carefully and understand your rights and responsibilities;
6. Repay on time to prevent bad credit records;
7. Don't lose the loan contract and debt. Regarding the pawn loan, don't forget to cancel the pawn registration after paying off the loan;
8. prepayment requires communication with the bank one month in advance.
9. Foreigners apply for commercial loans. General banks require borrowers to have a stable income in the local area, but also to open a household registration certificate at the place of registration (some banks also require a card); Moreover, the requirements of real estate guarantee companies for foreigners are to apply for temporary residence permits in addition to local income.
After reading "How Migrant Workers Loan to Buy a House" written by Bian Xiao, migrant workers' friends can also borrow money to buy a house according to the above practice.