Product Name Personal First-hand Housing Loan (Yijubao) Product Description Personal housing loan is a commercial RMB loan that uses bank credit funds to purchase first-hand housing. When you apply for a first-hand housing loan in China Bank, you can enjoy preferential housing loan interest rate, one-time payment and various fee reductions during the loan processing. I. Loan Conditions A borrower applying for a personal housing loan must meet the following conditions: 1, with permanent residence or valid residence status in China; 2. Have stable professional and economic income, good credit and the ability to repay the principal and interest of the loan; 3, has signed a contract or agreement to buy housing; 4. Must pay a down payment of not less than 20% of the total price of the purchased house; 5. Provide effective guarantee recognized by the lender; 6. Other conditions stipulated by the lender. Two. Loan Currency Personal housing loan currency is RMB and foreign currency (USD and HKD). Three. Loan term: the longest loan in RMB shall not exceed 30 years, and the longest loan in foreign currency for individual housing shall not exceed 8 years. Four. Loan interest rate The housing loan interest rate is the same as the commercial loan interest rate of the same grade stipulated by the People's Bank of China, and can fluctuate within the scope stipulated by the People's Bank of China. V. Loan Amount The maximum amount of a single loan shall not exceed 80% of the value of the house purchased. You can clearly stipulate in the loan contract that China Bank is authorized to take the initiative to deduct the loan principal and interest from your designated account on the agreed repayment date. You can choose one-time principal and interest repayment method, equal principal and interest repayment method and average capital repayment method. After the loan contract comes into effect, if you have sufficient funds, you can apply to China Bank for partial or full prepayment. Seven, the loan application can be handled in the local branch of China Bank. Materials required for applying for individual housing loan: 1, loan application; 2. Legally valid identity documents (referring to resident identity cards, household registration books, military officers' cards, home visits for Hong Kong and Macao compatriots or other valid residence documents); 3. Proof that the down payment of the purchased house has been paid; 4. The original or photocopy of the economic income certificate recognized by the lender (including the borrower's family income certificate, tax payment certificate, bank statement, bank passbook, securities, etc.). ); 5, the purchase of housing contracts, agreements or other valid documents; 6. List of collateral or pledge secured by the loan, certificate of ownership, certificate of consent of the authorized person to mortgage (pledge) and collateral valuation documents; 7. A written document and credit certificate of the guarantor's agreement to provide the guarantee; 8. Relevant documents authorizing the lender to inquire about the personal credit information system of the People's Bank of China and record the inquiry results; 9. Other materials required by the lender. 8. Loan restructuring: If the loan principal and interest cannot be repaid according to the original plan for various reasons, you can apply to China Bank for loan restructuring in advance, that is, adjust the loan term and repayment amount in each installment to flexibly meet your financial needs. Applicable to natural persons with full capacity for civil conduct. Please contact the relevant outlets of Bank of China for the handling process.