Loan conditions and process of Shanghai Pudong Development Bank:
The basic conditions for Shanghai Pudong Development Bank to apply for a loan are as follows:
At least 18 years old and with full capacity for civil conduct, the loan maturity date is not more than 7 years old;
having permanent residence or valid residence status in the town where the loan bank is located;
it has legal and stable economic income, good credit and the ability to repay the principal and interest of the loan;
a contract or agreement has been signed for the purchase of housing, and the down payment of not less than 2% of the total house price has been paid, and the down payment ratio is not less than the standard required by the local regulatory authorities of the lending bank;
can provide the guarantee recognized by the lender.
information must be provided:
valid identity document and household registration certificate, marital status certificate and personal income certificate;
relevant materials or documents (sales contracts, agreements or other valid documents) to confirm consumption behavior;
down payment invoice or receipt;
loan application form (you can get it from our business outlets nearby);
other materials required by the bank.
loan amount:
the loan amount with an interior construction area of less than 9 square meters shall not exceed 8% of the value of the house purchased, and the loan amount with an interior construction area of more than 9 square meters shall not exceed 7% of the value of the house purchased, and shall meet the requirements and standards of the local regulatory authorities of the lending bank.
loan term:
the longest term of the first-hand house shall not exceed 3 years; The sum of the second-hand housing loan period and the housing age is generally not more than 3 years.
bidding process:
application-bank approval-contract signing-formalities (notarization, mortgage, etc.)-loan issuance-customer repayment.