1. Target customer
The applicant should be the Personal Legal Reserves of Housing Acquisition Loan customer of the city.
2. Intended use of the loan
It can be used to purchase a car or large consumer durable goods, decorate, travel, educate, etc.
3. Application requirements
1) The applicant should be natural person of full civil capacity, more than 18 years old (including 18 years old) , with legal valid identity certificates. When the loan is at maturity, the age of applicant should not be over 65 years old
2) The applicant should be the Personal Legal Reserves of Housing Acquisition Loan customer or those who are not the Personal Legal Reserves of Housing Acquisition Loan customers but have been depositing supplementary housing fund. And the applicant should have successively been depositing housing fund on regular basis for 6 months
3) The Personal Legal Reserves of Housing Acquisition Loan customer should have repaid over 1 year (inclusive) without overdue record. In principle, to those who are not the Personal Legal Reserves of Housing Acquisition Loan customers but have been depositing supplementary housing fund, 3 consecutive credit records or a total of 6 bad credit records will make them lose qualification.
4) The applicant should have steady job and source of income, with sound credit record, have fixed residence and the capability of repaying principal and interest.
5) The applicant has SRCB’s debit card or personal settlement account with SRCB.
6) Other conditions prescribed by SRCB.
4. Application materials
1) Valid identity proof of applicant and his/her spouse.
2) Proof of depositing supplementary housing fund
3) The Personal Legal Reserves of Housing Acquisition Loan customer should provide with the property ownership certificate and the Contract of House Sales.
4) Proof of Intended use of the loan
5) SRCB’s personal settlement account
6) Other application materials prescribed by SRCB.
5. Credit limit, loan term and interest rates
1) Maximum limit is RMB 300,000. Credit limit is mainly set according to the Intended use of the loan and the repayment ability.
2) The loan term is determined taking consideration of the loan amount, the income of the applicant and the repayment ability, and it is generally within 3 years.
3) Loan interest rates are prescribed by SRCB according to the customer risk or profit contribution.
6. Repayment
1) Loan term is within 1year or 1year: One time repayment / Repayment by months (seasons);
2) Loan term is over 1year: Repayment by months/ monthly certain principal payment/ monthly (seasonal) interest repayment / principal repayment by years (seasons)
