"Sweet Home" Mortgage Loans for Second-hand Property


This is a loan business whereby a homebuyer mortgages all the legitimate rights and interests of the second-hand property he/she has bought (for which trading activity has occurred and complete property right has been obtained) to the bank so that the bank can issue a loan according to a certain proportion of the price of the property trading contract (or the assessed value of the property confirmed by this bank), which will be repaid by the borrower in installments, including the accrued interest.


1.      Simplified and shortened application process; preferential interest rate;

2.      Flexible selection from multiple repayment methods;

3.      Senior CGB housing loan specialists provide one-stop quality services.

The applicant should

1.      Hold legal and valid identity certificate or residence certificate;

2.      Be a worker, investor or resident in mainland China;

3.      Have legal and stable sources of income and the ability to repay the principal and interest of the loan on time;

4.      Have a good personal credit standing and no bad credit record;

5.      Have opened a settlement account with our bank and be willing to accept our credit supervision;

6.      Be able to provide the guaranty we accept or have the credit eligibility we have evaluated or accepted;

7.      Meet the other requirements we specify.

Information to be submitted

1.      Information to be submitted by borrower

(1)     Identity certificate of borrower:

(2)     Evidentiary document proving the income or other debt-paying ability of the borrower;

(3)     Marital status certificate (marriage license or singlehood certificate) ;

(4)     Property trading contract or property purchase agreement;

(5)     Prepayment voucher or certificate;

(6)     Other documents and information we require.

2.      Information to be submitted by seller

(1)     Legal and valid identity certificate;

(2)     Original and copy of the ownership certificate of the property to be traded;

(3)     Marital status certificate (marriage license or singlehood certificate) ;

(4)     Written statement approving the sale of the property issued by any co-owner;

(5)     Other information we require.

Amount of loan

The maximum amount of loan will not exceed 80% of the assessed value of the property confirmed by our bank or the price indicated in the property trading contract.

Term of loan

The maximum term can reach 30 years.

Loan Interest Rate

The floating proportion of current interest rate of CGB shall be used based on the current benchmark interest rate for loans announced by the People's Bank..

Repayment Method

1.      Repayment Tool

Repayment may be made through Licaitong Card, demand deposit passbook or cash.

2.      Mode of repayment

(1)     Weekly installment;

(2)     Biweekly installment;

(3)     Monthly installment;

(4)     Quarterly installment;

(5)     Semiannual installment;

(6)     Repayment of principal and interest in installments;

(7)     Repayment of interest in installments and principal as it falls due;

(8)     Lump-sum repayment of principal and interest as they fall due.