Introduction             User's Guide

【Introduction】

The Personal Housing Loan refers to a loan offered to borrowers by IB for the purpose of purchasing various types of residential house (excluding second-hand residential house).

【User's Guide】

Eligibility

1. The borrower must be a natural person between 18 (including 18) and 65 (including 65) with valid proof of identification, proof of residence, income certification, good credit history and full civil capacity;

2. The sum of the applicant's age and loan term should not exceed 70 in principle;

3. The borrower should have good credit history as well as a stable occupation and income. Borrowers must be able to make the down payment on the property in question and pay back the loan (principal and interest) in installments on time;

4. A contract or agreement for the purchase of the property in question must be provided;

5. A valid guarantee accepted by the bank is required;

6. The borrower is required to open a personal settlement account with IB and use the Natural Life Family Wealth Management Card for loan settlement;

7. The borrower must meet other terms and conditions set by IB.

Line, Term and Rate

1. For borrowers who plan to purchase their first self-use house, and when the floor area of the property is less than 90 square meters, the down payment should be no less than 20% of the contract value of the house. For borrowers who are purchasing their first self-use residential house, and when the floor area of the property is above 90 square meters, the down payment should not be less than 30% of the contract value of the house. For borrowers that have already bought house(s) with loans and wish to purchase more properties, the down payment should not be less than 40% of the contract value of the house and the interest rate should no be lower than 1.1 times the benchmark interest rate.

For personal housing loans provided in foreign currencies, the maximum loan is 50% of the contract value or the appraised value of the house approved by IB (the lower one should prevail).

2. The loan term is up to 30 years for personal housing loans provided in RMB and is up to 10 years for personal housing loans provided in foreign currencies.

3. The interest rate set by the PBC for the corresponding period and level applies to personal housing loans provided in RMB. For personal housing loans provided in foreign currencies, the interest rate set by IB will apply, and is subject to fluctuation within specified limits.

Documents Required

1. Valid proof of identification; residence booklet or other valid certificate of residence (originals and photocopies);

2. Marital status certification;

3. Proof of income provided by current employer; latest tax statement required for private business owners;

4. Contract or agreement of property purchase signed between the applicant and the developer or seller of the property;

5. Certificate of bank deposit or cash for the down payment;

6. Certificate of valid guarantee.

(1) If a real-estate property (including the property to be purchased) is to be mortgaged, registration to mortgage the property right or a house prior to sale (for properties prior to completion) is required, and the borrower should decide whether or not to take-out house insurance before signing the contract;

(2) If a jointly owned property is mortgaged, a written document that proves that the joint owners are in agreement regarding the mortgaging is required;

(3) If any other property is mortgaged or if joint guarantee provided by a third party is involved, related regulations formulated by IB should be observed;

7. Other documents required by IB.

Loan Repayment

For personal housing loans with tenure shorter than one year (including one year), principal and interest should be repaid when the loan matures. Borrowers may also choose interest calculation on a monthly (or quarterly) basis and repay principal and interest when the loan matures.

For personal housing loans with tenure longer than one year, borrowers may choose straight-line repayment schedule, reducing-balance repayment schedule or other repayment modes after negotiating with IB.