The passbook can be used to operate the pledged loan, which requires bank mortgage, but as long as the lender repays the loan normally, the passbook can be released normally when the loan expires.

First of all, the interest rate is low and the repayment period is long. As long as your repayment ability is not very bad, there is generally not much pressure. The procedure of bank mortgage loan is more complicated.

Pledged loans must meet three conditions:

1. The lender must issue a deposit receipt (discount), including the personal deposit receipt (discount) of China Industrial and Commercial Bank of China for the borrower (or a third party, local) lump-sum deposit and withdrawal in local and foreign currencies, fixed-term all-in-one deposit, call deposit, lump-sum deposit and withdrawal in RMB and interest-bearing deposit;

2. Treasury bonds, including paper voucher bonds issued by borrowers or third parties, voucher bonds (electronic bookkeeping) and book-entry bonds traded over the counter by China Industrial and Commercial Bank;

3. The wealth management products handled by the borrower himself at the local ICBC.

Extended data? Passbooks can't be used as mortgage loans, only as pledge loans. Procedures required for loan:

1, you must have passbook bank identity certificate and payment stop certificate;

2, the applicant's identity certificate, married couples need to submit proof of identity;

3. Proof of marital status;

4. Stable proof of address, such as house lease contract, property management fee, electricity fee, etc.

5. Proof of income, such as labor contract and bank payroll.

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