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Will internal bank employees being investigated by the China Banking Regulatory Commission affect my loan?

Yes. The Banking Regulatory Bureau’s regulations on housing loans for internal employees:

1. First Bank employees can borrow from the bank.

2. There are restrictions on Second Bank staff loans. First, there is a limit on the amount. Each bank will set an upper limit on the loan amount based on the income of employees. The second is the restriction on contingent liabilities. Some banks will consider the external guarantees of employees applying for loans together with personal loan applications, and stipulate that the application for loans plus external guarantees shall not exceed the maximum limit. The third is the limitation of use. No bank can grant loans without specified purposes. The purpose of employee loans must also be clear. Bank employees are prohibited from doing business. Production and operation cannot be used as a purpose. General purposes are consumer goods such as decoration, weddings, medical care, etc. of.