1. What materials should I prepare to apply for a commercial loan?
Because the new house commercial loan face-to-face signing and application location, most of them are in the sales office. Therefore, when applying for a commercial loan, you need to bring the prepared materials to the sales office on the day of signing the contract and hand them over to the bank staff or the staff of the agency company. The materials to be prepared are as follows:
Different borrowers need to prepare slightly different materials.
Note: Family bank running water can be appropriately distinguished from income certificate, and bonus and other contents can be covered in income. Second, what is the process of commercial loans?
Submit loan information-loan qualification examination-sign loan contract-issue loan.
1. Submit loan information
Generally speaking, developers will have one or more designated cooperative loan banks, and you can choose one of them to handle housing loans. Bring the required materials and give them to the bank staff.
2. Loan qualification examination
The bank examines the lender's loan qualification, including the authenticity of personal information, age, personal credit history, income, etc. Among them, in terms of the age of applicants, many banks over 65 no longer accept loan applications. In personal credit records, banks refused to lend three to six times overdue, and individuals refused to lend in two or more banks in Beijing.
The income needs to reach twice the monthly payment of the loan application, and it is required to cover all liabilities under the personal name, including car loans. Generally, banks will require applicants to provide details of bank flow in the past six months to prove their income ability.
Proof of income is very important, so you must keep in mind the above precautions.
After receiving the loan applicant's materials, the bank will review the loan applicant. General commercial loans take 7- 10 working days (the specific review time is subject to each bank).
3. Sign a loan contract
After the bank is approved, it will sign a formal loan contract with the applicant. In practice, the borrower will sign the loan contract when submitting the materials, but the bank will only stamp the contract after approval.
Step 4 lend money
After the bank completes the loan process internally, the loan will be directly distributed to the developer, and the applicant needs to repay the loan to the bank every month. It should be noted that if the applicant purchases an auction house, the bank will issue the loan only after the auction house is capped.
3. What is the interest rate of commercial loans?
The bank loan interest rate is implemented according to the interest rate issued by the central bank. At present, the interest rate of commercial loans over five years is 4.9%. However, some banks will also have preferential interest rates, and the specific interest rates need to be consulted.
To buy a new house, the process of commercial loan is relatively simple. As long as the applicant prepares the face-to-face information of the commercial loan, other steps are basically not required to be handled by himself, and the agent of the developer or agency will help you.
This content is only applicable to Beijing.