What are the conditions for housing loan?

Mortgage means buying a house, you won't get the money for a while, you just need to pay the down payment, and you can apply for a loan from the bank for the rest:

To apply for a mortgage loan, you need to meet certain conditions:

① It shall be a natural person aged 18 and under 65, with valid identity certificate and residence certificate, no bad credit record and full capacity for civil conduct.

② The sum of the applicant's age and the loan term cannot exceed 70.

(3) A house purchase contract is required, and the down payment paid by the borrower meets the requirements.

(4) The borrower is also required to have stable occupational and economic income and the ability to repay the loan principal and interest.

⑤ There must be a valid letter of guarantee approved by the handling bank.

There are some situations that will be rejected by the bank:

Bad credit will be rejected. For banks, personal credit is one of the criteria to judge whether they can get loans.

Poor economic conditions will also be rejected, and banks will ask for proof of monthly income to judge.

(3) Job instability, especially in high-risk industries, is likely to be rejected.

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