Does a bank loan require a signature in person?

Yes, you must sign to ensure your consent to prevent unnecessary problems later.

The interest rate of bank loans is much lower than that of private loans. However, because bank loans have fixed working hours and some departments are closed on weekends, it is best to choose to apply during working hours on weekdays. The question that many borrowers are most concerned about is, do they have to go to the bank in person to get a loan? To answer this question, you need to understand what are the precautions for bank loans.

Generally speaking, in the process of submitting information, others can help with some aspects. However, when finalizing the loan contract, you must sign it in person. Some loans also require photos and certificates. In special circumstances, this cannot be done. To arrive at the scene, you need to obtain the consent of the bank and apply for a notarized power of attorney, and entrust a relative or friend to come forward to handle the matter.

1. Loan products. You can entrust others to go to the bank to find out the longest term of the loan product, the interest rate, the maximum amount, and the repayment methods.

2. Loan interest comparison. Because the preferential policies of each bank are different, if you can't go there yourself, you can first ask the client to help you visit a few more banks and inquire about the details of similar products. The most important thing is the application threshold and interest cost.

3. Loan procedures. You can find out what is required for bank loan procedures, which steps must be done in person, and which ones can be authorized.

4. Sign the contract. Generally speaking, it must be signed by the person himself to take effect. It is also very important to read the contract carefully. You cannot authorize others to sign casually. After all, once a loan is applied for by someone other than yourself, disputes may easily arise.

5. Credit report. Now when you apply for a mortgage loan, the bank will ask you to issue a detailed credit report. This requires you to go to the bank to print it yourself or authorize others. The process is cumbersome, so it is recommended that you process it in person.

Warm reminder: In the process of purchasing a house with a personal mortgage, both the husband and wife need to be present in person when going to the bank to sign the loan contract and when going to the housing management bureau to file the purchase contract. Other procedures can be entrusted. Notarized! Does the Construction Bank require the buyer to sign when disbursing a home purchase loan?

A signature is required. Bank loans must require your signature. This will take effect. No, it will definitely not succeed. It is recommended that you ask the bank staff for clarification.

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds according to certain interest rates and must be returned. Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts. Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

Principles

The "Three Principles" refer to safety, liquidity and efficiency, which are the fundamental principles for commercial bank loan operations. Article 4 of the "Commercial Bank Law of the People's Republic of China" stipulates: "Commercial banks take safety, liquidity, and efficiency as their operating principles, implement independent operations, bear their own risks, be responsible for their own profits and losses, and self-discipline."

1. Loan safety is the primary issue faced by commercial banks;

2. Liquidity refers to the ability to recover loans within a predetermined period or to liquidate them quickly without loss, satisfying customers The need to withdraw deposits at any time;

3. Efficiency is the basis for the bank's continued operations.

For example, if a long-term loan has a higher interest rate than a short-term loan, the efficiency will be good. However, if the loan period is longer, the risk will increase, the safety will be reduced, and the liquidity will become weaker. Therefore, there must be harmony between the "three natures" so that there will be no problems with loans.

Repayment method

(1) Equal principal and interest repayment: that is, the sum of the loan principal and interest is repaid in equal monthly installments. Housing provident fund loans and commercial personal housing loans from most banks adopt this approach. In this way, the monthly repayment amount is the same;

(2) Equal principal repayment: that is, the borrower will evenly distribute the loan amount to repay each period (month) during the entire repayment period, and pay the same amount at the same time. A repayment method that clears the loan interest from the previous transaction day to the current repayment date. In this way, the monthly repayment amount decreases month by month;

(3) Monthly interest payment and principal repayment on maturity: that is, the borrower repays the loan principal in one lump sum on the loan maturity date [with a period of one year] Applicable to the following (including one year) loans], the interest on the loan is calculated on a daily basis, and the interest is returned on a monthly basis;

(4) Repay part of the loan in advance: that is, the borrower can apply to the bank to repay part of the loan amount in advance , the general amount is 10,000 or an integral multiple of 10,000. After repayment, the loan bank will issue a new repayment plan, in which the repayment amount and repayment period will change, but the repayment method will remain unchanged. And the new repayment period shall not exceed the original loan period

(5) Repay the entire loan in advance: that is, the borrower applies to the bank to repay the entire loan amount in advance. After repayment, the lending bank will terminate the loan. loan and go through the corresponding cancellation procedures.

(6) Borrow and repay at any time: The interest after borrowing is calculated on a daily basis, and one day is used to calculate the interest. You can settle the payment in one lump sum at any time without penalty.

(From Baidu entry: Loan) Do I need to sign after the mortgage is approved?

After the mortgage loan is approved, you will need to sign a mortgage contract later. After approval, the bank will notify the user to go to the site to sign a mortgage contract, which requires the signature of the lender. If the lender himself cannot arrive at the scene, he can authorize another person to complete the signing on his behalf. Therefore, after the mortgage loan is approved, there will be steps to sign a contract.

As long as the mortgage contract is signed, the user only needs to wait patiently for the mortgage approval. The bank will arrange the approval as soon as possible. The specific approval time is subject to the SMS notification time. Once the mortgage is approved, do I have to go to the bank to sign?

This is the loan contract. Of course it needs to be signed with the relevant valid certificate.

Submit a loan application: After signing the house sales contract, you can apply for a commercial loan from the bank. Whether it is a first-hand mortgage or a second-hand mortgage, complete materials approved by the bank need to be submitted to the bank for review. This is the most important step in the commercial loan process. It mainly includes the original and copy of ID card, household register, and marriage certificate; a temporary residence permit or residence permit is required to register for residence. Income certificate issued by the work unit; sales contract, advance payment invoice or receipt; salary flow in the past six months or other asset certificates.

In addition to the above five pieces of information, different banks also have different requirements for commercial loans. You should also inquire in detail about other information required by your lending bank.

Bank acceptance investigation: After receiving the application materials from the loan applicant, the bank will review the materials. The general review time for commercial loans is 15 working days, with a maximum of 1 month. During the investigation, the bank will ask the loan applicant to supplement some information depending on the situation. Therefore, loan applicants need to stay in contact with their banks during this period.

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Personal bank loan conditions

1. Natural persons aged 18-60 (foreigners from Hong Kong, Macao and Taiwan are also acceptable);

2. Ability to stabilize career and income, and repay loan principal and interest on schedule;

3. The borrower’s actual age plus the loan application period shall not exceed 70 years old;

Materials required by the borrower :

1. ID card, household registration book/temporary residence certificate, household registration book of both spouses/foreigners;

2. 2 copies of marriage certificate/divorce certificate or court judgment/certificate of single status; 3 , Proof of income (in the format specified by the bank);

4. A copy of the unit’s business license (with official seal);

5. Credit certificate: including academic certificates, other real estate, Bank statements, certificates of deposit, etc. For example, Ping An Bank’s loan conditions are relatively simple. In addition to the usual loan age (usually floating between 25-55 years old), banks prefer working-class people with objective income, with a monthly income of not less than 4,000 yuan, and who have worked stably in the current unit for 6 consecutive months. Applicants should provide the original and photocopy of the corresponding identity document, household register, and income certificate issued by the unit. If you can provide paid utility bills, storage certificates and real estate certificates, it will be more conducive to quickly passing the bank review.