Letter of credit clause
1, with urban permanent residence or valid residence status;
2 have a stable occupation and income, good credit, and the ability to repay the principal and interest of the loan;
3. There is a purchase contract or agreement;
4. Be able to pay a deposit of not less than 50% of the national defense evaluation price after full purchase;
5. Agree to use the purchased house as collateral, or provide assets recognized by the loan bank as collateral or pledge, or have a unit or individual with guarantee qualification and sufficient compensation capacity as a guarantor to repay the principal and interest of the loan and bear joint liability;
6. Other conditions stipulated by the lending bank.
Loan amount, term and interest rate
Second-hand housing mortgage loans usually have a maximum amount of not more than 50% of the purchase price or evaluation price. The loan term shall not exceed 15 years minus the service life of the house, and the longest term shall not exceed 20 years minus the service life of the house. The loan interest rate is the individual housing loan interest rate stipulated by the People's Bank of China.
Bidding procedures
1. The borrower submits a written loan application and provides the following information:
(1) Housing transaction contract signed by the buyer and the seller and signed by the competent department;
(2) the property right certificate of the house purchased and the document that someone agrees to sell the house;
(3) the borrower's family property certificate and income certificate (including personal income certificate, tax payment certificate, bank deposit certificate, real estate license, securities, etc.). Issued by the work unit);
(4) The borrower's legal and valid identity certificate (referring to the resident identity card, household registration book or other valid residence certificate) and proof of marital status;
(5) The document that the borrower and the * * * people agree to mortgage the purchased house.
2. The buyer and the seller open an account in the loan bank, and the buyer deposits the down payment in full into the account designated by the loan bank.
3. After investigation and approval by the lending bank, the borrower and the lending bank sign a loan contract and a transfer deduction authorization.
4 for housing transfer, insurance, notarization, mortgage registration and other procedures.
5. Proof of property right transfer. The borrower shall submit the house ownership certificate, house ownership certificate and insurance policy (original) of the purchased house that has gone through the mortgage registration formalities to the loan bank for mortgage.
6. Transfer loans. After the above procedures are completed, the loan bank will transfer the loan to the account opened by the borrower in the loan bank, and then transfer the loan from the borrower's account to the seller's account at one time according to the authorization of the Power of Attorney for Deduction.
Repayment of principal and interest
Among the repayment tools, bank cards, demand deposits and discount or cash repayment can be used. In terms of repayment methods, one-time repayment method and installment repayment method can be adopted. The repayment date of monthly installment repayment is determined as the 20th to 30th of each month, which will be postponed in case of holidays. For the calculation method of installment repayment, please refer to the Calculation Model of Individual Housing Loan Repayment Method.