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Can foreign banks apply for home loans?

Time: 2017-01-19         Source: Financial 360 finishing         Author: 360 Financial consolidation

1. Conditions for applying for foreign-funded bank home loans: 1. Applicant's age requirements: Applicants of Standard Chartered Bank must be 21 years of age and no more than 65 years of age, and “year of loan + age of lender” should not exceed 70 years old; HSBC Bank The term of the loan term is that the age of the lender plus the repayment period must not exceed 65 years, while the age of the second-hand house must be within 10 years. 2. Applicant's income requirements: Bank of East AsiaMortgageThe minimum amount is 400,000 yuan, Standard Chartered Bank is 200,000 yuan, and HSBC Bank is 300,000 yuan. In addition, there is another requirement for HSBC's mortgage loan business in Shanghai. The monthly income of the applicant must be more than 10,000 yuan, and the minimum amount of the application for a home loan should be 30%.

Second, foreign banks need to provide information on the application of mortgages. 1. The applicant's ID card (front and reverse copy); 2. The applicant's account book (full copy, including blank pages); 3, 5 years of social security records and tax payment certificate;Proof of income(3-6 months bank salary payment flow list); 5, work certificate and proof of income issued by the company; 6, proof of residence address; 7, if the applicant is married, must provide a marriage certificate;8, housing pre-sale contract, Housing sales contract or deposit contract, other documents required by the bank.

Third, foreign banks apply for housingMortgage Loansstep. In the first step, the loan applicant provides information such as the ID number and the address and floor of the home to be purchased. The bank’s staff will pre-assess it, mainly to see if the home buyer meets the conditions for purchase, the amount of home for purchase, and how much it can borrow. Amount and so on. In the second step, the loan applicant signs a loan contract with the foreign bank to which it is applied for and submits related certificates, such as the applicant's ID card, marriage certificate, income certificate, tax declaration form, and housing sales contract. The third step, the foreign bank being applied for the review of the loan contract. The fourth step: After the approval of the loan contract, the applicant cooperated with the landlord to conduct property rights transactions. In the fifth step, the loan applicant submits his certificate to the foreign bank to which the loan is applied. After the bank receives the proof of his income, the loan is made 3-7 working days.

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