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It refers to a loan granted by our bank to a private person, which can be owned by him or other one and circulated in the market.
1. Who is it for?
Natural person with full capacity for civil conduct;
2. Credit Line, Time Limit and Interest Rates
2.1 Percentage:
Borrowing Purpose
types of houses |
Individual consumption（10 thousand yuan） |
Investment purpose（10 thousand yuan） |
age |
| ordinary house |
A mortgage rate not more than 70%
and the amount of a loan ranging from 50 thousand to 2000 thousand |
A mortgage rate not more than 70% and the amount of a loan
ranging from 50 thousand to 5000 thousand |
20 years |
| Business house, higher-priced house, villas, luxury apartments ect. |
A mortgage rate not more than 50% and the amount of a loan ranging from 50 thousand to 2000 thousand |
A mortgage rate not more than 50% and the amount of a loan ranging from 50 thousand to 5000 thousand |
20 years |
2.2. Time Limit
Maximum length of maturity is not more than 10 years. Also, the length of maturity plus the borrower’s age shall not be more than 70 years as well.
2.3.Interest rates
The interest rate shall be the rate for loans of the same period and grade stipulated by the People's Bank of China
3. What needs to be done?
(1)Submit documents and an application
(2) Bank verifies the application and approves;
(3) Sign ”Personal Loan Contract” and “”Personal Mortgage Loan Contract” with the banks
(4)Transactions of insurance and housing mortgage register procedures
(5) Origination procedure
(6)Repay the loan and pay the interest in full and on schedule. in accordance with the loan contract.
(7)Pay off the load, terminate the contract, and cancel the registration
4、The application for a housing mortgage loan shall be supported by the following materials:
(1) a valid ID card;
(2) a certificate of occupation and income
(3)a certificate for borrowing Purpose
(4) a valid certificate of house property right
(5) a certificate certifying the consent to mortgage given by the person entitled to disposal (including the co-owner of property).
(6) an evaluation certificate for the mortgaged house issued by a competent Evaluation Agency approved by our bank;
(7)Other documents or materials of certification required by the lender.
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