Key Features
The application process is available both online and offline; the Exclusive relationship manager is at your service.
Introduction
1. Definition: A loan designed for the acquisition of properties where the seller has obtained a housing-ownership certificate, possesses full disposal rights, and can legally and normally trade the property in the real estate market. The purchased property acts as a mortgage collateral to IB.
2. Loan Amount: Governed by Local Home Purchase and Loan Restriction Policies, Maximum loan amount varies based on property types: Residential properties: up to 80% of the assessed value; Commercial properties: up to 50% of the assessed value; Mixed-use properties: up to 55% of the assessed value.
3. Loan Tenure: Personal second-hand residential property loans have a maximum duration of 30 years. Personal second-hand commercial property loans have a maximum duration of 10 years.
4. Loan Interest Rates: First-time commercial residential property loans have a minimum annual interest rate of LPR minus 20 basis points; Secondary commercial residential property loans have a minimum annual interest rate of LPR plus 60 basis points; Personal commercial property loans have a minimum annual interest rate of LPR plus 60 basis points.
Eligibility Criteria
1. Aged between 18 (inclusive) and 65 (inclusive) with valid legal identification, certificate of residence, proof of income, and a clean credit history.
2. Valid contract or agreement for the purchase of the (commercial) property in place, with the borrower having made the stipulated down payment.
3. Other loan conditions as specified by IB.
Loan Process
1.Online/offline application initiation by the customer.
2.Dedicated relationship manager for offline support.
3.Preparation of requisite documents by the customer.
4.Bank approval process.
5.Loan disbursement by the Bank.
Kind Reminder
1. The approved credit limit is based on the final review outcome.
2. For loans with floating interest rates, the annual interest rate will adjust dynamically in tandem with LPR fluctuations.