This refers to the interrelation between customer’s mortgage loan account and saving account. Customer can either consign this bank or by one’s own effort through online banking, self-service inquiry terminals, POS to repay the entire or part of the loan if the balance in customer’s account exceeds the promissory amount. When a customer needs more fund, he can get a loan easily within the limitation set by this bank.

A. Features

(1) Open-ended, combined account for savings and loans: The openness between the two accounts allows a free cash flow, which maximally decreases the cost of the cash usage.

(2)Open-ended finance account: Loans can be used repeatedly and automatically resumed by the original line of credit.

(3) Open-ended, extended account: This account allows transfer, settlement and VIP services. Other financial functions can be further expanded as time goes.

Descriptions：

Intelligentized interrelations – combined accounts that save your money and worry

Money transfers will be made easy when withdrawing, getting loans or finances. Any amount exceeding the minimum cash on hand, automatically repays the loan, thus maximally saves the loan interests.

Easy Transactions

Once approved, the line of credit can be utilized repeatedly without any need to go through the over-elaborated application formalities. The loan will be accessible instantly and into customer’s account timely.

Easy Application

Money transfers is made easy when withdrawing, getting loans or finances. Any amount exceeding the minimum cash on hand, maximally saving loan interests.

Revolving Loans

If you have already got a mortgage loan and the value of your house increased or you have repaid part of the loan and are applying to open a re-mortgage loan, You can request the bank to increase your line of credit for new loans. Once the loan is repaid, the credit line will go back to where it started and be used repeatedly.

Open-ended account allows you to pay a minimum loan interest and gain maximum financial reward.

Wealth is effectively managed by cashing in on home equity and increasing the liquidity of the asset.

B. Who is it for?

Housing mortgage loan applicants

C. Credit line, time limit and interest rates:：

1. Time limit and interest rates:

Type			Max. Credit Authorized	Max. No. of Years
New House	Type	House areas under 90m2	80% of Collateral Value	Max. No. of years shall not exceed 30 years Sum of the loan term and age of the borrower shall not exceed 70 years. Sum of the maturity date and the age of the house shall exceed 35 years.
		Medium and high quality houses / apartments	70% of Collateral Value
Second handhouse	Age	House areas under 90m2 completed within 5 yrs	80% of Collateral Value
		5～20 yrs	70% of Collateral Value

2.Interest rates

The interest rate shall be set proportionally as per the baseline rate and floating rate relevant to the credit line. Credit line baseline rate shall be as per the loan rate set by People’s Bank of China for the same period and same category.

D. What needs to be done?

1. Submit application documents for credit line assessment;

2. Bank verifies the application and approves it;

3. Signs an agreement with the borrower about the maximum credit line for the house mortgage loan;

4. Get the loan based on the credit line granted;

5. Start the maximum credit mortgage registration formalities;

6. Get the loan within the credit line;

7. Borrower repays the principle and interests per loan agreement;

8. Once borrower has repaid the entire loan, the contract expires and loan registration cancelled.

E. Documents to be provided by applicant:

1.Borrowers’ valid identifications like ID cards, Residence Registration (Hukou), Officers’ ID or valid Residence Permit;

2. Borrowers’ statement of income;

3. Personal credit report (available) or a record of historical repayments for the past 6 months of the house loan from other banks;

4. Purchase agreement of the forward delivering house pledged as guarantee, testimonial for the 1st payment or property ownership certificate, testimonial from the co-owner testifying agreement of mortgage.

Except for the documents as mentioned above, loan applicant may be requested to provide other documents as follows depending on the type of the loan to be applied.

1. Mortgage loan application for the new house: testimonial for the 1st payment, Intention Agreement or Purchase Contract signed with the house developer.

2. Mortgage loan application for the second-handed houses: Property Ownership Transfer Agreement, testimonial for the initial payment, Certificate of Ownership of the house purchased.

3. Re-financed mortgage loan application: documents as required by the bank for the re-financed mortgage loan under the same or different names.

4. Other documents required.