The single-family loan amount does not exceed 2 million yuan. The longest loan period is not more than five years. The loan interest rate shall be in accordance with the loan interest rate provisions of China Construction Bank. Repayment methods include matching principal and interest method, average capital method, one-time repayment of principal and interest at maturity, and repayment of principal and interest at will.
Extended data:
Interim Measures for the Administration of Personal Loans Article 8 The term and interest rate of personal loans shall be implemented in accordance with the relevant provisions of the state.
Article 9 The lender shall establish a reasonable control mechanism for the borrower's income and debt ratio, reasonably determine the loan amount and term in combination with the borrower's income, liabilities, expenses, loan purposes, guarantees and other factors, and control the borrower's repayment amount in each installment not to exceed its repayment ability.
Article 24 A loan contract shall conform to the provisions of the Contract Law of People's Republic of China (PRC), and clearly stipulate the commitment of good faith, the purpose of loan funds, the object (scope) of payment, the amount of payment, the terms and methods of payment of all parties. The loan contract should be set with relevant clauses to clarify the liabilities for breach of contract that the borrower should bear when it fails to perform or slowly performs the contract.
China Construction Bank-Personal Consumption Loan