Guarantee institutions and insurance institutions, including all kinds of guarantee companies and insurance companies, provide guarantees for lenders to prevent loan risks and promote the development of real estate loan business by providing real estate loan guarantees and insurance.
The mortgage lender must meet the following conditions: China citizens who have a fixed residence in China, a fixed residence in a local town (or a valid certificate), have full capacity for civil conduct and meet the following conditions can apply for individual comprehensive consumption loans.
1, has a proper occupation and a stable income source, and has the ability to repay the loan principal and interest on schedule; ?
2. No illegal acts and bad credit records; ?
3. Being able to provide effective rights pledge guarantee recognized by the bank or legal and effective real estate as mortgage guarantee or a third-party guarantee with compensatory ability; ?
4. Open a personal settlement account of China Industrial and Commercial Bank, and agree that the bank will deduct the loan principal and interest from its designated personal settlement account;
5. Other conditions stipulated by the bank.