Product Definition     Product Features    User Guide

[Product Definition]

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

[Product Features]

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

[User Guide]

• Application requirements

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

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

3. Applicants are required to provide a housing 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 principal and interest.

5. Applicants should provide a valid guarantee that’s 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 withdrwals and repayments. 

7. Other requirements specified by IB. 

• Credit line, interest rate and tenure

1. For the family of the borrower that is applying for a loan to purchase a commercial property for self use for the first time, the percentage of first installment shall not be below 30%; for families that are applying for a loan to purchase a commercial property for self use for the second time, the percentage of the first installment shall not be below 60%. In both cases, the loan interest rate should not be less than 1.1 times the benchmark interest rate. For specific loan requirements, please consult your local branch.

2. The loan tenure shall not exceed 30 years, and the sum of the applicant’s loan tenure and age shall not exceed 70.

• 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 registration certificate or valid proof of residency 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. Commercial Housing Sale (Pre-sale) Contract.

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.)

Apply now