Introduction of individual ownership mortgage loan conditions. Individual ownership mortgage loan is also a way of financing. Let's take a look at individual ownership mortgage loan conditions

Individual ownership mortgage loan conditions:

1. Being an independent legal person

2. Conforming to the national industrial policy. Good business performance

3. The quality ownership industry is registered and managed by the securities registration center of the province where the enterprise is located

4. Other conditions required by the General Rules for Loans.

In addition, individuals applying for loans also need to meet

1. Abide by the law, No bad credit record

2. The ability to repay the principal on schedule

3. The quality ownership industry has been registered and managed by the securities registration center of the province where the enterprise is located

4. Other conditions required by the General Principles of Loans.

After the personal ownership mortgage is established, if the debtor fails to fulfill his promise within the time limit, the mortgagee has the right to give priority to repaying other creditors with the mortgage discount or the sale price of the mortgage according to the law.

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