In real estate transactions, especially second-hand housing transactions, if the buyer has insufficient down payment and can't wait for bank loans, real estate agents, microfinance companies or loan service companies can provide the buyer with "advance payment" business to facilitate the purchase transaction. Real estate agents charge "advance" fees from it. Personal "advance fund" business term: generally short-term, the longest is 1 year. Repayment method: paying interest on a monthly basis and repaying the principal at one time.
Operation process:
1. The loan bank issues a conditional loan commitment letter to the customer or seals the new loan contract and mortgage contract to show its approval.
2. Investigate the authenticity of the bank loan approval.
3. When conducting a credit investigation on the borrowing enterprise, the business department must understand the real reason why the enterprise cannot repay the bank loan due, and write an investigation report.
4. The business marketing center (business department and risk management department) is audited by an audit team of 3 to 5 people-signed by the general manager-approved by the company's decision-making committee. At the same time, submit an expected operation flow of the business.
5. After approval, return the approval form to the business marketing center.
6. The marketing center that undertakes the business signs the entrustment notarization with the borrowing enterprise: the content is that when the enterprise is not on site, we can entrust our personnel to handle the mortgage registration cancellation and re-mortgage registration procedures.
7. Ask customers to provide materials to prove the use of funds, such as purchase and sale contracts, so that banks can lend money smoothly.
8. Ask the customer to provide a blank check for the relevant fund transfer account.
9. Sign contracts related to entrusted loans or equity pledge loan contracts with customers.
10. Provide guarantee for the joint and several liabilities of relevant enterprises and relevant personnel.
1 1. loan. The loan amount shall not exceed 90% of the original loan amount in principle.
Extended data:
It should be noted that lenders and borrowers in bridge loan should pay attention to the interest cost, front-end cost and the consequences of selling the property beyond the expected time.
Although bridge loan is short-term financing, the interest rate is high, and the cost from the front end is also high (usually higher than the loan interest rate with a term of only a few weeks or months).
Baidu Encyclopedia-bridge loan