2. The loan process is complex, involving not only banks, but also housing management departments, and banks also need to ask guarantee companies to handle mortgage registration and other work;
Customers want more loans, and the lower the interest rate, the better. It is difficult for banks to find a way for their customers. Guarantee companies will strive for customers to the greatest extent with their familiarity with loan policies and their own loan products;
4. The loan processing time is long. Based on the familiarity with the process and relevant departments, the guarantee company can control the processing rhythm and reduce the processing time.
The borrower can't provide enough collateral that meets the requirements of the bank, so the guarantee company is introduced to guarantee the borrower in the bank. Once overdue or owing interest, the guarantee company shall bear the responsibility of paying on behalf of it.
6. Then why should the guarantee company provide guarantee for the borrower? The borrower must provide part of the property to the guarantee company as a counter-guarantee measure. These counter-guarantee measures are much less than the hard mortgage requirements required by banks, and the methods are more flexible.
7. The borrower guaranteed by the guarantee company has been further examined by the guarantee company, and the risk is more controllable and more acceptable to banks.
8. With the intervention of the guarantee company, the bank does not need to apply for real estate mortgage, and the loan procedure is simple, only one loan contract and one guarantee contract are needed.