1. The lender must have a contract or agreement to buy a house;

2. The lender has assets recognized by the lending institution as collateral, or a unit or individual with sufficient compensatory capacity as guarantee;

3. The lender has a permanent residence in the town or a valid residence status;

4. The lender has a fixed residence in the bank it lends;

5. The lender has a stable occupation and income, good credit and the ability to repay the interest;

6. If the lender doesn't have housing subsidy, it should take not less than 3% of the value of the house purchased as the down payment of the house purchase; 3% of the individual's housing subsidy is used as the down payment of the house purchase;

7. The lender can provide financial proof and work proof;

8. The lender meets other conditions stipulated by the bank.

Legal basis: Article 23 of the Law of the People's Republic of China on the People's Bank of China

In order to implement monetary policy, the People's Bank of China can use the following monetary policy tools:

(1) Require banking financial institutions to deposit reserve funds in a prescribed proportion;

(2) determine the benchmark interest rate of the central bank;

(3) handling rediscount for banking financial institutions that have opened accounts with the People's Bank of China;

(4) providing loans to commercial banks;

(5) buying and selling treasury bonds, other government bonds, financial bonds and foreign exchange in the open market;

(6) Other monetary policy tools determined by the State Council.

The People's Bank of China may prescribe specific conditions and procedures when using the monetary policy tools listed in the preceding paragraph to implement monetary policy.