1. Personal Commercial Housing Loan
It is a RMB guarantee short or mid-long term loan helps borrowers to purchase commercial houses.
2. Target Customers
The applicants should be natural person of full civil capacity, more than 18 years old (including 18 years old) with legal valid identity certificates and fixed residence.
3. Application requirements
The Applicants must have Shanghai household registration or valid residential identification.
The applicants must have full-time job and income, enable to repaying principal and interest.
The applicants must enable to pay the 50% of full price, and own valid house purchasing contract
Approve to accept mortgage on its commercial house.
Approve to follow SRCB’s other requirements
4. Documents
The identification cards and household registry booklet of debtor and its co-owners.
The income certification of debtor and its co-owners.
The marital status certification.
The legal houses purchasing contract or agreement.
The receipt of first term payment.
Other documents required by SRCB
5. Loan's amount, term, interest.
Amount – Maximum 80% of house value.
Term – Not exceed 30 years.
Interest – Follow the legal official interest rate announced by People’s Bank of China.
6. Easy repayment, various choices.
One time repayment
Repayment by months
Repayment by seasons
Monthly certain principal payment
Seasonal certain principal payment
Seasonal interest repayment, principal repayment by years
