1. Make monthly repayments on time to avoid penalty interest:

Borrowers must ensure that there are sufficient funds in their repayment accounts before the monthly repayment date to prevent their own Negligence caused the bank to fail to debit the money, resulting in a breach of contract and a penalty interest from the bank. Therefore, be sure not to cause unnecessary losses and leave a bad credit record because of your own negligence.

2. The contact information provided by the borrower must be accurate and timely:

The correct address provided by the borrower to the bank will facilitate the bank to contact it and facilitate the bank to send it to the bank via letter or email. Borrower's monthly bill.

When relevant policies adjust the loan interest rate, the borrower can also receive an interest rate adjustment notice from the bank as soon as possible. When a borrower changes his address, email address and mobile phone number, he must promptly inform the lending bank of the new contact information.

3. Apply for a loan amount within your ability:

When applying for a personal housing loan, borrowers should comprehensively consider their current financial strength and repayment ability, and make a correct judgment. , while making correct and objective predictions of your future income and expenses. Choose a loan amount that is suitable for you to ensure that your financial income and expenditure tend to normal levels.

4. Choose a good loan bank for mortgage:

For borrowers, whether they are buying an existing house or a new house, they can choose a loan bank by themselves. The more types of mortgage banking services there are and the more detailed they are, the more flexible and diverse personal financial services you will get, as well as a richer mix of services and products. Borrowers should compare loan requirements and interest rates between different banks and choose the safest, most cost-effective and best loan bank to apply for a mortgage.

5. Choose the most suitable repayment method:

Currently, there are basically two types of personal housing loan repayment methods in banks: one is the equal repayment method. , the other is the equal principal repayment method.

The advantage of the equal repayment method is that the borrower can accurately grasp the monthly repayment amount and arrange family income and expenditure in a planned way. The equal principal repayment method is more suitable for individuals who have strong repayment ability and hope to return a larger amount in the early stages of repayment to reduce interest expenses. Both repayment methods have their own pros and cons. Borrowers should choose the most suitable repayment method based on their actual situation.

6. The information provided to the bank must be true:

When applying for a personal housing loan, banks generally require borrowers to provide basic information such as personal identity information and proof of economic income.

Personal housing loan application process

1. The developer proposes a mortgage loan cooperation intention to the lending bank;

2. The lending bank’s approval of the developer’s development project, construction Investigate the qualifications, credit rating, conduct of the person in charge, corporate social goodwill, technical strength, operating status, and financial situation, and sign a mortgage loan cooperation agreement with the qualified developer;

3. The home buyer and The developer signs the "Commercial Housing Sales Contract" and pays the required down payment in accordance with the requirements of the contract;

4. Within seven days from the date of payment of the down payment, the home buyer provides information that meets the requirements of the mortgage bank. Apply directly to the developer's partner bank for a mortgage loan. Specifically include: "Commercial Housing Sales Contract" (recording and registration), house purchase down payment receipt, ID card, marriage certificate, income certificate and other information that the bank deems necessary;

5. The loan bank’s requirements for the house purchaser Investigate and review all aspects of the situation and procedures, and go through preliminary procedures with home buyers (including the home purchaser’s spouse) who meet the basic conditions, including loan application, contract repayment statement, commitment, conversation transcript, loan contract, and IOU etc.; then the home buyer opens a deposit account or bank card at the lending bank, and the bank reports to the superior bank for approval;

6. The application approval period is generally within 7 days. For those that exceed this period, the marketing department will promptly contact the bank to understand the situation and solve the problem, actively assist the home buyer to obtain the loan, and sign the stage guarantee procedures with the mortgage bank in a timely manner;