Product Definition    Product Features    User Guide

[Product Definition] 

Personal First-hand Commercial Property Loans are loans granted to borrowers by IB for the purpose of purchasing commercial properties traded for the first time and the purchased properties are used as security to IB. 

[Product Features] 

The Bank offers special functions to you, such as grace-period for loan repayments, EZ Pay and Bi-weekly Pay, with which you may experience personalized loan services!

[User Guide] 

• Application requirements

1. The borrower must be a natural person aged between 18 (inclusive) and 65 (inclusive) with a valid proof of identification, proof of residence, income certificate and sound credit history

2. The sum of the applicant’s age and the loan term should not exceed 70.

3. Applicants are required to provide a commercial property purchase contract or agreement and have paid the first installment as prescribed.

4. Applicants should have a stable career and income, as well as the capacity to repay the loan.

5. Applicants should provide a valid guarantee accepted by IB.

6. Each applicant is required to open a personal settlement account with IB and use a Natural Life Family Wealth Management Card for loan settlement transactions such as withdrawal and repayment.

7. Other requirements specified by IB.

• Credit line, tenure and interest rate

The percentage of first installment shall not be below 50%; the maximum loan tenure may not exceed 10 years; the loan interest rate shall be not lower than 1.1 times the benchmark interest rate for the corresponding term and the corresponding bracket as announced by the PBC.

For specific loan requirements, please consult your local branch.

• Method of repayment

1. Where the tenure is no more than one year (inclusive), the principal and interest shall be repaid on a lump-sum basis when the term of the loan ends. Alternatively, interest may be calculated monthly (or quarterly), and the principal and interest will be settled when the term of the loan ends.

2. Where the tenure is longer than one year, the borrower may choose equal principal and interest repayment, equal principal repayment or other repayment methods accepted by IB.

• Application materials

1. Valid proof of identification and permanent household residence certificate or valid proof of residence and marriage certificate of the borrower and his/her spouse.

2. Proof of income and other assets of the borrower and his/her spouse.

3. Purchase contract of commercial property.

4. Other materials required by IB.

(The above information is for reference only and specific handling requirements are subject to provisions of local IB branches. Please consult your local IB outlet for details before going through relevant application procedures.)