Note: The specific business type, handling process and handling conditions are subject to the relevant regulations of local branches.
Operation process of changing individual housing loan elements:
First, for loans with overdue principal and interest, the borrower must pay off the overdue principal and interest before applying for changing the loan elements.
Two, the borrower to apply for a loan, should produce identity documents and fill in and submit the "application form".
3. If the borrower applies for change, the mortgagor and the guarantor in charge of guarantee shall sign an agreement on the Application Form on the following situations: (1) The repayment amount of each installment is increased; (2) the loan period is extended; (4) The repayment method has changed; (5) The total loan interest that may be paid increases; Interest rates are converted between floating interest rates, fixed interest rates and mixed interest rates.
4. If there is a subsequent mortgagee on the collateral, if the change of loan elements will adversely affect it, the loan bank will require the borrower and the mortgagor to provide a written document for the subsequent mortgagee to agree to the change with the consent of the mortgagor.
Note: The specific business type, handling process and handling conditions are subject to the relevant regulations of local branches.