Conditions for Bank of China personal first-hand housing loans:

1. Borrower conditions:

(1) Have permanent residence or valid residence status in China (Foreigners can also apply, please refer to the relevant regulations of various places for specific conditions);

(2) Have stable career and economic income, good credit, and the ability to repay the principal and interest of the loan;

(3) A contract or agreement to purchase a house has been signed;

(4) The first installment of the purchased house must be paid in compliance with relevant regulations;

(5) Provide An effective guarantee recognized by the lender;

(6) Other conditions stipulated by the lender.

2. Insurance:

The borrower can purchase mortgage insurance on a voluntary basis. If you purchase insurance, you need to transfer the insurance policy rights to the lender due to the occurrence of the insurance event, and the original insurance policy will be kept by the lender during the mortgage period.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GO APP to handle related businesses.