What are the conditions for a commercial loan?

The conditions for a commercial loan: 1. Beijing urban residents with full capacity for civil conduct and non-local residents with the right of abode who are resident in Beijing, Overseas and foreign citizens must meet the following conditions when applying for a loan: 2. Have legal residence status; 3. Have a stable career and income; 4. Have the ability to repay the principal and interest of the loan on time; 5. Have assets recognized by the lending bank for mortgage Or pledge, or (and) have a guarantor who meets the prescribed conditions to guarantee it; 6. Have a contract or agreement to purchase a house; 7. When applying for a loan, have a deposit of no less than 30% of the funds required to purchase a house in China Construction Bank , if the advance payment for house purchase has been paid to the selling unit, the original and copy of the payment receipt must be provided; 8. Other conditions stipulated by the loan bank. Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. They are generally short-term loans, usually 9 months and no more than one year, but there are also a small number of medium and long-term loans. This type of loan is the main component of commercial bank loans, generally accounting for more than one-third of total loans. Commercial loans, also known as personal housing loans, are commercial banks and housing savings banks approved by the People's Bank of China to provide loans for urban residents to purchase ordinary houses for self-use, subject to legal loan interest rates. Many commercial banks in Beijing have this business, such as China Construction Bank and Agricultural Bank of China. The procedures for applying for a loan are basically the same. Materials required for a loan:

My household registration book, ID card or other valid residence documents;

Proof of occupation and income;

House purchase contract or letter of intent and other relevant certificates Materials.

Proof of down payment accounting for 30% of the house price;

Other materials required by the China Construction Bank handling agency.

Loan procedures: 1. The China Construction Bank handling agency or the law firm (or notary office) entrusted by China Construction Bank will investigate the information provided by the borrower. 2. The CCB handling agency shall review and approve the borrower's application. 3. The borrower opens an account, receives a savings card and signs a loan contract. 4. Handle relevant guarantee procedures such as mortgage, guarantee, pledge and insurance. 5. The loan contract comes into effect and the funds are transferred to the developer’s account.

What are the restrictions on the use of personal entrusted loans from Bank of China?

The purpose of personal entrusted loans of Bank of China must comply with the requirements of the "Commercial Banking Law" and "General Principles of Loans" and shall not issue loans without specified purposes. The loan can be used for the legitimate capital needs of the borrower such as daily consumption or business operations, and is strictly prohibited from being used in the following areas:

1. Businesses that are prohibited, development restricted or duplicated by laws, regulations, regulatory provisions or other national credit policies Construction projects and industries.

2. Engage in investments such as bonds, futures, financial derivatives, financial products, and equity interests.

3. As registered capital, registered capital verification or capital increase and share expansion.

4. Make loans or provide guarantees to others.

5. Other prohibited uses clearly stipulated by the state.

The above content is for your reference, please refer to actual business regulations.

What are the classifications and differences of personal housing loans?

Personal housing loans mainly include entrusted loans, self-operated loans and portfolio loans.

1. Different sources of funds.

Personal housing entrustment loans use housing provident fund deposits as the source of funds, also known as provident fund loans.

Personal housing self-operated loans are loans issued to individual home buyers with bank credit funds as the source.

Personal housing portfolio loans refer to loans issued to the same borrower for the purchase of ordinary housing for self-use from housing provident fund deposits and credit funds. It is a combination of personal housing entrusted loans and self-operated loans.

2. Loan interest rates are different.

The annual interest rate of entrusted loans: with a term of less than 5 years (inclusive): 4.45%, and with a term of more than 5 years: 4.90%.

The annual interest rate of self-operated loans: term 3-5 years (inclusive): 6.80%, term more than 5 years: 7.05%.

The commercial personal housing loan part of the loan items in the portfolio loan is subject to the personal housing loan interest rate. The provident fund loan portion is based on the individual housing provident fund loan interest rate.

Extended information:

In addition to the basic loan amount and interest, housing loans also have strict user qualification requirements. For example, according to the credit report, a loan was overdue for half a month eight months ago. If you apply for other loans, you still have a certain approval rate, but the mortgage loan will be easily rejected.

Because the borrowing time for mortgage loans is too long, the risks that banks need to bear are particularly large, so in order to ensure that their funds can be recovered on time, they will conduct strict reviews.

It is best to check the comprehensive data before applying for a mortgage. You can use third-party platforms, such as WeChat’s annual data, Miaomiao data, etc., to confirm whether you have long loans or ID risk lists. , high debt ratio and other issues. These will directly lead to the rejection of the mortgage application, but they are not reflected in the credit report and belong to the type of qualification test results.

About issues related to the entrusted loan business launched by commercial banks

Only handling fees are charged and shall not bear any form of loan risks. Enterprises or individuals are allowed to provide funds.

According to inquiries from Hualu.com, commercial banks that offer entrusted loan services only charge handling fees and are not allowed to assume any form of loan risks. Enterprises or individuals are allowed to provide funds, and commercial banks will issue loans on their behalf.

Entrusted loans refer to a loan method in which the principal provides funds and the trustee issues them on his behalf according to the loan object, purpose, amount, term, interest rate, etc. determined by the principal, supervises the use and assists in the recovery.

Complete guide to applying for personal entrusted loans from ICBC

I often hear about personal entrusted loans, but what exactly are they? Friends who are interested in loans, please read on with me!

ICBC personal entrusted loan means that ICBC accepts the entrustment of the client, and the client provides funds, and based on the loan objects determined by the client, Purpose, amount, term, interest rate, etc., are issued to individual customers on behalf of individuals, supervise the use and assist in the recovery of loan services.

1. Application conditions

The client of a personal entrusted loan can be a government agency, enterprise, institution or individual with legal funding sources.

The borrower of a personal entrusted loan must be a natural person with full civil capacity and have a legal and valid identity certificate.

Currently, the loan currency can only be RMB.

2. Guarantee methods

ICBC can handle a variety of guarantee methods, such as mortgage, pledge, guarantee, combined guarantee, etc. The specific guarantee method selected depends on the client and the borrower. Negotiate by yourself. ICBC can handle mortgage registration, pledge freezing and other guarantee procedures on your behalf.

3. Information that should be provided when applying for a loan

The client must prepare the following information:

(1) Legal identity document;

(2) Letter of authorization for entrusted loan business;

(3) Proof or statement materials of the source of entrusted loan funds

(4) Settlement account;

(V) ) Other information required by the handling bank.

Information that the borrower must prepare:

(1) Legal identity document

(2) Proof or statement of loan purpose

(3) Settlement account

(4) Other materials required by the handling bank and the client

IV. Processing process

(1) Submission by the client Apply. The client submits a written entrusted loan application to the bank and submits the "Entrusted Loan Business Power of Attorney" and other relevant materials.

(2) Bank acceptance and review. The bank accepts application materials, reviews the completeness and authenticity of the materials, and conducts necessary internal reviews such as investigation and approval of loan applications.

(3) Sign an agency agreement. After the entrustment application passes the bank's internal review, the bank will notify the client to sign an "Entrustment Agency Agreement" with the bank.

(4) Loan acceptance. The borrower submits loan application materials to the bank, and after the bank completes necessary investigations, it submits the complete loan application materials to the client for approval. If the number of loans is small, it can be submitted together with the entrusted loan application.

(5) The client approves the loan. The client reviews and approves the loan application materials submitted by the bank.

(6) Sign a loan contract. After the loan is approved by the client, the bank will notify the borrower to sign an "Entrusted Loan Contract" with the bank, and assist the borrower to implement guarantee, mortgage and other procedures according to the client's requirements.

(7) Notice for loan release. The client issues an "Entrusted Loan Disbursement Notice" to the bank and notifies the bank to issue the loan.

(8) Loan disbursement. After receiving the loan notice from the client, the bank issues the loan to the borrower.

(9) The client pays the handling fee.

(10) Loan recovery. The bank assists the client in recovering the principal and interest of the loan, and collects the defaulted loan.

Friends should all understand, but I still want to remind everyone that different branches have different requirements. To be on the safe side, it is better to go to the local branch to ask on-site!

Personal business entrustment loans Let’s stop the introduction here.