Industrial and Commercial Bank of China's individual housing mortgage loans increase

☆ Education

Personal housing mortgage loans and is banking on the existing individual housing loans to customers of the original collateral for the loan guarantees for the purchase of housing and household consumption loans.

☆ Features

To meet your original collateral for the guarantee of re-financing needs.

☆ conditions for application

Personal and mortgage loans for the borrowers in addition to the Industrial and Commercial Bank of China must meet the individual housing mortgage loans and scope of the targets should also be consistent with the provisions of the following provisions:

1, in the bank for individual housing loans has more than one year;

2, twice the original loan without (including) the breach of contract records;

3, a stable source of income to repay the loan principal and interest on time;

4, as collateral to obtain property rights permit the existing home and real estate mortgage borrowers to have a legitimate, full property rights;

5, with individual housing loans of banks to the relevant provisions of the borrower.

☆ line of credit

By the borrower increases with the amount of the original loan balance and no more than the original purchase of housing or the amount of assessed value of 70 percent, not more than 50%;

☆ loan period

According to increase the duration of loans for the corresponding loans species regulations.

☆ lending rate

And for the purchase of housing by the rate at the lowest appropriate level People's Bank of China benchmark rate 0.9 times the fall rate implementation; plus mortgage for other household consumption purposes, the interest rate provided by the People's Bank of the duration of the implementation of interest rates.

☆ loan applications should be submitted to the information

You to the banks for personal housing mortgage loans from time to time increase, the need to fill out the "China Industrial and Commercial Bank of individual housing loans for approval," and with information on the originals or copies of:

1, the borrower's legal identity documents;

2, the individual housing loan contract;

3, collateral mortgage of more than five years or loans that people need to be re-evaluated, the borrower must provide the lender or its authorized agencies of the real estate appraisal issued by the Housing assessment of the documents;

4, the bank's other documents.

☆ operational guidelines

Reference personal housing mortgage loans operational guidelines.