1) The applicant must meet the basic requirements set for SRCB Personal Housing Mortgage Loan/Personal Second-hand Housing Mortgage Loan/Personal Housing Fund Portfolio Loan.
2) By the time the applicant is applying for Housing Re-mortgage Loan, the applicant should already obtain the Certificate of Property Right for the house purchasing.
3) When the applicant is applying for the non-transactional re-mortgage loan, the repayment history for the original mortgage loan must be 6 months or longer, and the accumulated repayment overdue history must be no more than 6 times, with each overdue period of less than 30 days.
4) The applicant must obtain guarantee for the whole mortgage period from Shanghai Estate Guaranty Company, which will perform a joint liability for the re-mortgage loan.
1) The highest value for non-transactional mortgage loans cannot exceed the outstanding mortgage loan balance the applicant has at other bank by the application day, and the Loan-to-Value ratio must be controlled within SRCB accepted range.
2) For transactional mortgage loans, the loan value should meet the limit policies set for Personal Second-hand Housing Mortgage Loan by SRCB.
1) For non-transactional mortgage loans, SRCB relevant lending policies are applicable to the loan term, and the sum up of the actual term of the original loan and the re-mortgage loan term cannot exceed 30 years.
2) For transactional mortgage loans, the loan terms should meet the term policies set for Personal Second-hand Housing Mortgage Loan by SRCB.
Housing re-mortgage loan interest rates are executed in accordance with Personal Housing Mortgage Loan interest rates set by SRCB.
The applicant must mortgage the purchased house as guarantee. Meanwhile, the applicant must also obtain guarantee for the whole mortgage period from Shanghai Estate Guaranty Company, which will perform a joint liability for the re-mortgage loan.
