Of course. Shops can apply for mortgage loans, and they need to apply for loans through real estate mortgage or business license. Shops mortgage loan refers to the short-term loan business provided by banks to borrowers to meet their production, operation, investment or consumption needs, with commercial premises legally owned by borrowers or third parties as collateral. Therefore, as long as the store meets the conditions of mortgage loan and the documents are complete, the applicant also meets the conditions for applying for loan. If it is a shop for rent, you can also apply for a mortgage loan at the bank.
[Legal basis]
Interim measures for personal loans
Article 11 To apply for a personal loan, the following conditions shall be met:
(1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state;
(2) The purpose of the loan is clear and legal;
(3) The amount, duration and currency of the loan application are reasonable;
(4) The borrower has the willingness and ability to repay; (5) The borrower's credit status is good and there is no significant bad credit record;
(6) Other conditions required by the lender.
Can shops get loans?
For those who have some money now, it is definitely not cost-effective to deposit it in the bank, and it is not enough to invest in shops. So, can buying a shop be mortgaged like buying a residential building? Please come with me to find out.
1. You can use commercial loans when buying a shop, but you can't use provident fund loans.
2. Because shops do not belong to the category of personal housing loans, the housing provident fund management center will definitely not approve such businesses.
3. However, you can apply for a commercial loan in the bank, as long as you prepare personal identification, income certificate, store purchase contract or agreement and other materials, and do it according to the requirements of bank staff.
The above is the answer to the question "Can shops borrow money?". I hope to bring some reference help to friends in need.
How to handle the mortgage loan for shops?
Shops mortgage loan procedures:
1. Need to open a current deposit account in the business institution of CITIC Industrial Bank;
2. Fill in the loan application form as required, and submit the application form and required materials according to the instructions of the bank;
3. The bank manager or appointed lawyer conducts home visits to investigate the authenticity, legality and completeness of the information provided;
4. After the bank has passed the examination and approval, inform you of the examination and approval results and sign a loan contract;
5. Handle insurance, mortgage registration, notarization and other procedures as appropriate, and CITIC Industrial Bank will directly transfer the loan to the account agreed in the contract. Shops mortgage loan procedures
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How to borrow a loan from a shop?
Legal analysis:
You can apply for a store loan from the bank. When applying for a shop loan, you need the borrower's identity certificate, income certificate, shop purchase certificate, mortgage certificate, etc. And other conditions that banks need to meet. At the same time, after submitting the application correctly, the borrower also needs to provide a down payment certificate of more than 50% of the house price of the purchased store. The longest loan for shops can be 10 years. As long as the loan can be repaid and the repayment ability is good, you can submit an application to the bank according to the normal loan process.
The repayment method of shop loans is also very flexible. If the loan term of the borrower is within 1 year (including 1 year), the borrower can pay off the loan principal and interest in one lump sum or repay the loan monthly. If the loan term is 1- 10 years (inclusive), the borrower shall repay the loan on a monthly basis. There are two repayment methods for monthly repayment: decreasing average capital interest method or monthly repayment method. Moreover, the lender can also choose to prepay in whole or in part according to the operating income.
Legal basis:
Article 672 of the Civil Code of People's Republic of China (PRC), the lender may inspect and supervise the use of the loan as agreed. The borrower shall regularly provide relevant financial and accounting statements or other materials to the lender as agreed.
How to handle the mortgage loan for shops?
1. Prepare the application materials before applying for a loan.
2. After preparing the raw materials in advance, you can go to the bank or loan company to fill in the loan application form, authorization certificate and contract. Banks or loan companies will spend a few days or so carefully examining and approving the raw materials prepared in advance, as well as personal credit reports.
3. If the approval result is satisfactory, you can take these original materials and bank cards (note: not all bank cards are acceptable, but they must meet the requirements of banks and loan companies) to fill in the agreement with banks or loan companies.
Finally, before signing the contract, be sure to ask about the interest rate, term and repayment method. This is very critical. Some lenders didn't understand when they signed the contract, but they were at a loss when they repaid the loan, which caused great property losses to themselves.
5. In addition, it is necessary to carefully grasp the repayment amount and the amount of contract liquidated damages. Before, some lending institutions negotiated with customers, and as a result, what was written in the contract was completely different from what was said. Some lenders signed the contract immediately without looking at it, and as a result, they ate up the contract and were heartbroken at last.
6. After completing the above provisions, you can apply to the Housing Management Office for mortgage filing, and then take the mortgage for filing to the bank or loan company to obtain the needed loan.
Note: the term of mortgage loan for shops should not be too long, and the longest is not more than ten years. Therefore, we must manipulate the repayment time. If it is overdue, the consequences will be at our own risk.
Why can't shops get loans? What are the loan terms for shops?
Shops mortgage loan is a kind of housing loan, which refers to the purchase of shops with loans from banks in the form of repayment of principal and interest in installments, usually with the shops purchased by themselves as collateral. Shops can borrow 10 years, because it is a sex property, so there is no difference between the first set and the second set. So why can't shops get loans? What are the loan terms for shops?
Shops mortgage loan is a kind of housing loan, which refers to the purchase of shops with loans from banks in the form of repayment of principal and interest in installments, usually with the shops purchased by themselves as collateral. Shops can borrow 10 years, because it is a sex property, so there is no difference between the first set and the second set. So why can't shops get loans? What are the loan terms for shops?
Why can't shops get loans?
1. Shops mortgage loan refers to short-term loan business provided by banks to meet their production, operation or consumption needs, with commercial premises legally owned by borrowers or third parties as mortgage guarantee. First-hand shops can borrow money, unless there is something wrong with your credit qualification, and second-hand shops have to negotiate with buyers and sellers.
2. If it is a first-hand store, the multi-energy loan is 50% of the contract price; If it is a second-hand shop, you can borrow 50% of the estimated price, which is not necessarily your actual transaction price. You can "operate" according to the loan amount you need and your ability to bear taxes and fees.
3. The loan conditions are relaxed. As long as they have permanent residence or valid residence status in this city, signed a contract or agreement with the developer to purchase commercial housing, and have the ability to repay the principal and interest, they can apply. Flexible repayment methods are like individual housing loans, and the repayment methods of shop loans are also flexible.
4. If the loan term of the borrower is within 1 year (including 1 year), the borrower can pay off the loan principal and interest in one lump sum or repay the loan monthly. If the loan term is 1- 10 years (inclusive), the borrower shall repay the loan on a monthly basis. There are two repayment methods for monthly repayment: decreasing average capital interest method or monthly repayment method. Moreover, the lender can also choose to prepay in whole or in part according to the operating income.
What are the loan terms for shops?
1. The borrower has full capacity for civil conduct and can provide valid identity documents;
2, only meet the needs of its production, operation or consumption;
3. Have the ability to repay the loan principal and interest;
4. The maximum service life of the store mortgage loan shall not exceed 10 year;
5. Personal credit record is good;
6. The loan amount shall not exceed 50% of the assessed value of the store collateral;
7. There is a commercial housing sales contract or agreement;
8. Good personal credit, stable and reliable sources of income and repayment ability when due;
9. Have a certain percentage of down payment;
10, there is a 50% fluctuation space between the low and high loan interest rates of banks;
1 1. Other requirements of the bank.
At present, the mortgage loan for individual shops provided by commercial banks can reach up to 60%, and the loan period cannot exceed 10 years. According to the current commercial loan interest rate, it is a little more favorable than individual housing loans. In addition, because the shop is sexual, there is no distinction between the first suite and the second suite, which means that even if the shop you buy is the first suite under your name, it will be implemented according to this standard.
This is also the reason why shops can't get loans. What are the terms of the shop loan? Shop loans belong to a category of commercial real estate loans, not personal housing loans, so provident fund loans cannot be used. The purchase of shops can be commercial loans, and loans can be made to loan companies. If you have good conditions and can endure a long waiting time, it is recommended to buy a shop with a bank loan.
Let's stop here for the introduction of shop loan methods.