The minimum loan for buying a house is five years. When buying a house with a loan, the bank will let the lender choose the loan period, including five years, ten years and thirty years. If you choose a five-year loan, the lender will have to pay a much higher mortgage every month, and the monthly repayment amount for applying for a 30-year mortgage is much less. However, the shorter the loan time, the less interest you need to pay. You can choose the loan term according to your own situation.

Loan purchase process

1. Submit a loan application

Property buyers need to go to the bank to submit a loan application and submit relevant information, such as a copy of ID card and a copy of household registration book. Income certificate (valid seal) issued by the employer or other certificates that can prove the borrower's solvency; And other documents and materials required by the bank.

2. Signed a loan contract.

After the loan application is approved by the bank, a loan contract is signed with the bank under the guidance of the bank staff.

Step 3 open an account

Generally speaking, property buyers need to apply for exclusive bank cards in loan banks and repay loans regularly.

4. Lending

After the lending bank agrees to issue the loan, the lending bank will directly transfer the loan to the deposit account or designated account opened by the lender in the lending bank according to the loan contract.

What should I pay attention to when buying a house with a loan?

1. requested loan amount

Calculate the amount of the loan before lending. The down payment is not included in the loan amount and paid in advance. Generally speaking, the higher the down payment ratio, the shorter the payment cycle and the lower the monthly pressure. All the house payment MINUS the down payment is the basic loan amount, in addition to deed tax, value-added tax and other taxes.

2. Choose a good loan bank for mortgage.

With the development of the real estate market, many banks have developed housing loan products. Property buyers can shop around to see which policy is more favorable and more suitable for them, and choose the right loan bank according to the actual situation.

3. Choose the correct return method.

Generally speaking, there are two repayment methods: one is equal principal and interest, and the other is average principal. These two methods have their own advantages and disadvantages. Lenders need to choose the appropriate repayment method according to their own timing.

The information provided to the bank should be true.

When a property buyer applies for a bank loan, the bank will generally ask the lender to provide the corresponding proof of economic income. Property buyers should provide true proof of personal work, position and recent economic income. If the lender provides false certification materials, this will lead to the bank's trust in you decreasing and affect the loan.