How to get a parking space loan?

General process for applying for a parking space loan

1. You need to sign a "Parking Space Purchase Contract" with the real estate developer;

2. Pay the total price of the parking space to the bank A down payment of 20% to 30%, or a down payment fee designated by the bank;

3. Fill out the loan application form and submit the materials required for approval;

4. The bank will conduct approval and Credit investigation;

5. Sign the "Loan Contract" and if there is a mortgaged property, you also need to go through relevant procedures;

6. The bank will directly transfer the loan to the developer's exclusive account ;

7. Finally, repay the principal and interest in accordance with the provisions of the loan contract.

Why is a parking space loan a credit card?

Parking space loans can not only be borrowed from banks, but also from credit cards. So why do most people use credit cards? The reasons are as follows:

1. Credit card processing fees are low

Due to the fierce competition in the credit card business, the processing fees for loans are lower than those of many banks.

2. The credit card installment application process is simpler

Bank loans require more procedures, and also require collateral, guarantors, etc., and the target of consumer loans must also be designated by the bank , and the bank approval procedure takes a long time.

The credit card installment procedure is much simpler. As long as the credit card holder goes to the bank to activate the installment function. If you purchase something with a credit card, you can just call the bank to tell the bank that a certain amount of money needs to be paid in installments, and you don’t need to provide any guarantee or materials.

3. Credit cards do not specify consumption items and purposes

In order to reduce their own risks, bank loans usually specify the cardholder’s consumption purposes before they can be approved, and they also require relevant sales contract.

Credit card installment does not require so many conditions, and any type of installment payment does not require it. People with credit cards can spend and buy goods at will. After paying, call the bank to explain the payment requirements. Installment is enough, which can meet the consumption of most people.