Personal mortgage loan:
I. Conditions
The applicant requires: a natural person with full capacity for civil conduct, and meet the following conditions:
1, valid identification;
2. Have stable professional and economic income, good credit and the ability to repay the principal and interest of the loan;
3. There is a purchase contract or agreement;
4. The down payment of 20% or more has been paid;
5. Other conditions stipulated by the lender.
Mortgage loan conditions:
1. The maximum amount of mortgage loan shall not exceed 80% of the total price of the purchased commercial house;
2. The loan term shall not exceed 30 years at the longest;
3. The loan interest rate shall be subject to the statutory interest rate of the People's Bank of China.
Second, the procedure.
1. The commercial house purchased by the property buyer must be the commercial house of the real estate development company that signed the mortgage agreement with the bank;
2. Sign a house purchase contract with a real estate development enterprise, and pay a down payment of 20% of the total house purchase price;
3. Apply to the bank for housing mortgage loan and submit relevant materials.
4. The bank investigates the borrower and the information provided, and informs the borrower to go through the loan formalities at the bank if it meets the requirements;
5. Insure the purchased house according to the loan term;
6. The borrower mortgages the purchased commercial house to the bank, and the real estate enterprise goes to the relevant department for mortgage registration, and submits the house ownership certificate to the bank for safekeeping.