How Do I Qualify for a Mortgage?

Personal mortgage loan refers to a loan issued to a natural person using the property of a borrower or a third party as collateral in accordance with the provisions of the "Real Estate Law of the People's Republic of China".

Personal mortgage

The channels for personal mortgage loans are banks, small loan companies, and pawn shops.

1.A natural person with the nationality of the People's Republic of China and full capacity for civil conduct;

2.Have valid identification documents;

3.Have a stable and legal source of income;

4. The mortgaged property has a real estate certificate with clear property rights and can be listed and circulated;

5.Other conditions stipulated by the bank;

1.Commercial housing mortgage rate can reach up to 70%;

2.The mortgage rate of office buildings and shops can be up to 60%;

3.The mortgage rate of industrial plants can be up to 50%;

4.The maximum term is up to 30 years; mortgages include shops, office buildings, residences, villas, factories, warehouses, etc.

personal

If you have real estate and your business urgently needs liquidity to apply for a real estate mortgage loan, in order to avoid detours, you must first understand the bank's personal real estate mortgage loan process.

Loan application: the borrower proposes the purpose, amount and duration of the loan;
Preparation of loan application information: The borrower and mortgagor will prepare the required documents and certificates for the loan application as required;
House evaluation (or survey): On-site survey and assessment (assessment) of mortgaged houses by relevant agencies;
Loan application: submit all loan application materials together with the evaluation report or survey opinion to the bank for approval;
Notarization of the loan contract: After the borrower and mortgagor completes (the loan contract) and all relevant documents, signatures, and fingerprints, the notary will notarize it;
Mortgage registration procedures: The bank will go through the mortgage registration process with the property ownership certificate and the notary certificate of the loan contract;
Account opening and lending: The borrower opens a repayment account and the bank lends to this account (Note: In principle, only commercial housing, housing reform housing, and residential housing can be used as collateral).

The borrower should provide: my spouse's identity card, household register, income certificate, corresponding contract for personal consumption, and marital status certificate.

The mortgagor should provide: house ownership certificate, identity card of the owner and spouse, household registration book, and marriage status certificate.

Borrower's valid ID card and account book;
Proof of marital status, if you are unmarried, you need to provide a non-marital certificate, and if you are divorced, you must provide a court civil mediation or divorce certificate (specify that you have not remarried after divorce)
Married need to provide valid spouse's ID card, household registration book and marriage certificate;

Borrower's

ICBC

Kind item

year

Discriminate carefully when lending

I. Pay in advance

Many unsecured and unsecured loan companies will require borrowers to pay various fees such as handling fees or interest fees, and they are likely to be scammers.

2. Is the institution certificate complete?

The establishment of micro-loan companies has been approved by the relevant departments, and the number is very limited. Therefore, when choosing a loan from a private institution, you must first check whether the relevant documents of the company are true and complete.

3. High and low interest rates

Today, the state has stipulated that the annual interest rate of private loans must not be higher than four times the national benchmark interest rate, otherwise it is a usury loan and is not protected by the state.

4. Is the lender an individual or a business

It should be noted that, as a key control and management business in the financial industry, individuals generally do not have agency qualifications. When handling similar unsecured unsecured loans, they should report to the public security organs if a personal agent appears.

When applying for unsecured and unsecured loans, be sure to go to a regular and legal bank financial institution or other financial institution that can issue loans. Internet users who need loans cannot obtain bank loans smoothly through normal channels. When choosing these financial institutions, they should think carefully and act with caution to avoid unnecessary trouble.

ID card unsecured loan

How many ID card unsecured loans can there be? Today, there are many lenders advertising with ID cards to apply for unsecured loans. Some unsecured loans frequently appear on the Internet. Fraud criminals use this "unsecured loan" as an excuse to obtain valid information about our lenders, and then use online banking to take away the lender's funds.

So don't trust the so-called ID card unsecured loan, let alone leak our personal information easily. Many of these ID card unsecured loans are fraudulent. Generally, these fraudulent behaviors are characterized by:

1. Advertise on the Internet or use text messages to advertise unsecured loans for ID cards, attracting more citizens who need money urgently but cannot borrow through bank channels.

2. The scammer makes phone contact with the victim and repeatedly extracts information from the victim.

3. These scammers usually commit crimes offsite.

4. The criminal suspects never make face-to-face contact with the victims, and they all use telephone contact.

The basic conditions for a small loan from the Construction Bank are:

First, those who have been approved and registered by the industry and commerce department have a business license and have passed the annual inspection.

Second, there are related organizational structures, as well as operating management systems and financial systems.

Third, there are fixed business sites, stable income, and a good market for products.

Fourth, there is a loan certificate (card) issued by the People's Bank;

Fifth, good credit, no bad credit history, ability to repay debt, and good repayment willingness.

Sixth, abide by China's financial laws and regulations.

Seventh, the personal qualities of business operators are good.