2. Loan target: China citizens with full capacity for civil conduct, natural persons from Hong Kong, Macao and Taiwan with the right of abode in Chinese mainland, and foreigners with full capacity for civil conduct with the right of abode in Chinese mainland.
3. Mortgage loan conditions: The borrower must meet the following conditions:
(1) has legal identity;
(2) having stable economic income, good credit and the ability to repay the principal and interest of the loan;
(3) There are legal and effective purchase and overhaul contracts and other supporting documents required by the loan bank;
(4) Having self-raised funds of more than 20% of the total price of the purchased (overhauled) house, and guaranteeing to pay the down payment of the purchased (overhauled) house;
(5) Having mortgaged or pledged assets recognized by the lending bank, or (and) having legal persons, other economic organizations or natural persons with sufficient compensation capacity as guarantors;
(6) Other conditions stipulated by the lending bank.
4. Loan amount: up to 80% of the total price or evaluation value of the purchased (overhauled) house (whichever is lower);
5. Loan term: Generally, the longest loan term does not exceed 30 years.
6. Loan interest rate: if the loan term is less than 5 years (including 5 years), the annual interest rate of the loan is 4.77%; If the loan term exceeds 5 years, the annual interest rate of the loan is 5.04% (according to the actual situation of the local government).
7. Loan process:
(1) With the consent of the bank, the seller (original mortgage borrower) conducts real estate transactions with the buyer (second-hand housing mortgage loan applicant) and signs a house purchase contract or letter of intent;
(2) Apply for a loan from the bank and submit relevant materials;
(3) After the bank conducts credit investigation and review on the borrower, it will notify the borrower of the review results. If the bank agrees to the loan, it will sign a contract with the borrower and guarantor, and sign a supplementary contract for building mortgage loan with the seller, and the seller will pay off the difference between the loan amount and the loan principal and interest owed by the seller.
(4) The borrower entrusts the bank to handle the formalities of real estate transaction transfer, mortgage registration and real estate insurance with the seller;
(5) After obtaining the real estate license, the bank will transfer the loan funds to the mortgage loan account and related accounts of the seller in the original loan outlet to repay the principal and interest of the mortgage loan owed by the seller, and then transfer the remaining funds to the account opened by the seller in the bank.
(6) The borrower repays the loan on schedule.