What does the down payment for shop loans mean?
1. Shop products and office products are commercial property rights. According to relevant regulations, the down payment ratio of commercial property loans is 50%, and the term of long-term loans cannot exceed 10 years. It is understood that at present, banks have higher requirements for loan approval of community store products, so buyers must provide higher personal income certificates (generally, the monthly income certificate of lenders is required to be twice as high as the repayment amount).
2. Mortgage loan is a personal housing loan business in which buyers use the purchased houses as collateral and the purchased real estate enterprises provide regular guarantees. In addition, some banks require buyers to provide fixed assets certificates and enterprise qualification certificates.
3. The down payment of shop loan is different from that of residence. No matter whether it is a first-hand or second-hand shop loan, you can only borrow 50%, and the loan period can only be less than 10 year. Some shops with brick and wood structures and mixed structures may not be able to get loans. The bank's qualification examination of shop lenders is also stricter than that of residential houses, and the pressure faced when the loan cannot be realized should be taken into account.
What does the store loan mortgage mean?
Shops mortgage is a kind of housing loan, which refers to the purchase of shops with bank loans in the form of repayment of principal and interest by stages. Generally, the purchased shops are used as collateral, so what do shops need to know about mortgage?
First, the application conditions:
(1) Having a legal and valid residence status;
(two) there is a contract or agreement for the purchase of shops;
(3) Have a stable occupation and income, good credit, and the ability to repay the principal and interest of the loan on schedule;
(4) There is a down payment of not less than 50% of the total price of the purchased store;
⑤ Agree to use the purchased shops as collateral or assets recognized by the loan bank as collateral or pledge, or units or individuals with guarantee qualifications and sufficient compensation capacity as witnesses to repay the loan principal and interest and bear joint and several liabilities.
Second, the application materials
(1) The borrower's ID card (household registration book) or other valid proof of residence, and the married person also needs to submit personal proof of marital status;
(2) The loan applicant fills in the Application (Approval) Form for Commercial Housing Loan;
3 down payment voucher;
(four) the contract or agreement for the purchase of shops;
(5) Proof of the borrower's family property and income;
6. The identity certificate of the borrower;
⑦ Other information required by the bank.