Individual first-hand housing loans must use the purchased house as collateral, and the lender can decide whether to add pledge guarantee, joint liability guarantee of natural persons or joint liability guarantee of local guarantee companies recognized by the lender according to the specific circumstances of the borrower.

Before the mortgage registration formalities are officially completed, a phased guarantee must be set. The staged guarantee shall be borne by the developer. If the developer cannot undertake the phased guarantee, it must provide pledge guarantee, guarantee guarantee and other guarantees recognized by the lender.

The Lender has the right to demand that the Borrower or the Guarantor has an event that the Lender thinks may affect its performance ability, or that the guarantee contract is invalid, cancelled or dissolved, or that the Borrower or the Guarantor's economic situation deteriorates or involves a major lawsuit or arbitration case, or that its performance ability may be affected for other reasons, or that the Guarantor breaches the guarantee contract or other contracts signed with the Lender, or that the collateral is devalued, damaged, lost or sealed up, resulting in the weakening or loss of the guarantee value.

The above contents are for your reference. Please refer to the actual business regulations.

If in doubt, please consult the online customer service of China Bank or download and use the mobile banking APP of China Bank to handle related business.