2. The loan bank reviews and evaluates the authenticity, legality and feasibility of all documents and materials submitted by the borrower that meet the specified requirements, and gives a reply to the loan applicant within the specified working days (the number of working days for each bank to reply is slightly different).
3. After the lender agrees to the loan, the borrower signs a loan contract with the borrower, and goes through the guarantee procedures such as pledge contract, mortgage contract or guarantee contract according to the loan guarantee method.
4. After the loan contract is signed, the lender must go through other procedures such as insurance, mortgage registration, contract notarization, etc. according to national laws and regulations and relevant bank regulations.
5. Both parties shall determine the loan amount and term according to the loan contract. The maximum amount of commercial loans for individual housing shall not exceed 75% of the value of the purchased housing, and the longest loan period shall not exceed 30 years.
6, after approval, the loan. The borrower opens an account in the bank, pays the down payment for the house purchase, the house purchase agreement takes effect, and the borrower begins to repay the principal and interest on schedule.
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