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Personal Banking > Loan Services > Happy Housing Loan
Happy-Housing-Loan

Housing Mortgage Loan

Definition:
Two kinds of mortgage loans are available for houses of first-hand and second-hand. Mortgage loan for first-hand house is a loan released to all natural persons for buying a new house which is subsequently used as mortgage. First-hand houses are commodity houses built by real-estate developers on the land with legal Land Use Right and approved by Government for commercial sale or pre-sale. Mortgage loan for second-hand house is a loan released to all qualified borrowers for buying a second-hand house which is subsequently used as mortgage. Second-hand houses are commodity houses legally traded in real-estate market and completed with seller's property rights and full disposal rights.

Above houses can be classified into residential and commercial, depending on the purposes. Residential houses include residential units, villas and apartments. Commercial houses are shops and office complexes.

Features:
1. Long loan term: Maximum 30 years.
2. Easy guarantee: Guaranteed by the developer in stages and the house as mortgage.
3. Flexible repayment: straight line repayment , reducing balance method. If necessary, repay in advance can be arranged repeatedly.

Applicable Clients:
China citizen with full civil capacity, overseas or foreign persons holding China permanent residence, good job and stable income, good credibility, ability to repay principal and interest of loan when due.

Currency and Term:
Loan is released in RMB. Maximum term of personal residential housing mortgage Loan is 30 years. Maximum term of personal commercial housing mortgage loan is 10 years, unless otherwise stated by Government.

Product Price:
Interest rate of personal housing loan follows the rate and floating margin announced by Peoples' Bank of China Interest rate of commercial housing loan follows the loan rate and floating margin of the same term same class announced by PBC.

Service Channels: 
Hua Xia outlets offer loan services in consultancy, application, release and repayment. Phone Banking offers consultancy service. Internet Banking offers consultancy and SMS Alert when loan is due.

Application Documents:
Original and copy of valid ID document; Proof of stable income issued by authoritative department recognized by lending branch or other documents showing the ability of the borrower to repay the loan; House Purchase Contract, agreement or other approval documents; Written consent from guarantor and the credit standing of the guarantor; Proof of using own funds to buy the house and payment vouchers; Five permits related to the houses on (pre-) sale or Property Rights Certificate of the houses currently in offer; Details of the spouse if borrower is married, if borrower and spouse apply the loan together, details of the spouse must be clearly filled in the application form, and submit marriage certificate and permanent residence booklet; Other documentations stipulated by Hua Xia Bank.

Service Flows: 
1. Applicant submits the application together with documents required. Documentation for application can be submitted to Hua Xia outlets directly.
2. After approval from Hua Xia Bank, lending branch, borrower and guarantor sign loan contract and guarantee contract, loan will be released according to the terms and conditions of the contract.
3. Borrower repays the principal and interest of loan stated in the contract.
4. Cancel mortgage registration after the loan is settled in full.

Important Information:
1. Borrower can buy houses specified by Hua Xia Bank, or as a direct customer, buy other houses not specified by Hua Xia Bank.
2. Borrower must complete mortgage registration when buying a house in offer. Borrower when buying a house not currently in offer must make sure the house is allowed to be sold in advance with permit and is filed for mortgage registration.
3. If borrower is in breach of contract, Hua Xia Bank reserves the right to recall or stopthe loan, prosecute borrower on the breach and dispose the collateral/pledge to repay the principal and interest of loan, penalty interest and liquidated damages.
4. Borrower is responsible for the registration, appraisal and insurance of the collateral.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.

Housing Mortgage Transfer Loan

Definition:
Two kinds of mortgage loans are available for houses of first-hand and second-hand. Mortgage loan for first-hand house is a loan released to all natural persons for buying a new house which is subsequently used as mortgage. First-hand houses are commodity houses built by real-estate developers on the land with legal Land Use Right and approved by Government for commercial sale or pre-sale. Mortgage loan for second-hand house is a loan released to all qualified borrowers for buying a second-hand house which is subsequently used as mortgage. Second-hand houses are commodity houses legally traded in real-estate market and completed with seller's property rights and full disposal rights.

Above houses can be classified into residential and commercial, depending on the purposes. Residential houses include residential units, villas and apartments. Commercial houses are shops and office complexes.

Features:
1. Long loan term: Maximum 30 years.
2. Easy guarantee: Guaranteed by the developer in stages and the house as mortgage.
3. Flexible repayment: straight line repayment , reducing balance method. If necessary, repay in advance can be arranged repeatedly.

Applicable Clients:
China citizen with full civil capacity, overseas or foreign persons holding China permanent residence, good job and stable income, good credibility, ability to repay principal and interest of loan when due.

Currency and Term:
Loan is released in RMB. Maximum term of personal residential housing mortgage Loan is 30 years. Maximum term of personal commercial housing mortgage loan is 10 years, unless otherwise stated by Government.

Product Price:
Interest rate of personal housing loan follows the rate and floating margin announced by Peoples' Bank of China Interest rate of commercial housing loan follows the loan rate and floating margin of the same term same class announced by PBC.

Service Channels: 
Hua Xia outlets offer loan services in consultancy, application, release and repayment. Phone Banking offers consultancy service. Internet Banking offers consultancy and SMS Alert when loan is due.

Application Documents:
Original and copy of valid ID document; Proof of stable income issued by authoritative department recognized by lending branch or other documents showing the ability of the borrower to repay the loan; House Purchase Contract, agreement or other approval documents; Written consent from guarantor and the credit standing of the guarantor; Proof of using own funds to buy the house and payment vouchers; Five permits related to the houses on (pre-) sale or Property Rights Certificate of the houses currently in offer; Details of the spouse if borrower is married, if borrower and spouse apply the loan together, details of the spouse must be clearly filled in the application form, and submit marriage certificate and permanent residence booklet; Other documentations stipulated by Hua Xia Bank.

Service Flows: 
1. Applicant submits the application together with documents required. Documentation for application can be submitted to Hua Xia outlets directly.
2. After approval from Hua Xia Bank, lending branch, borrower and guarantor sign loan contract and guarantee contract, loan will be released according to the terms and conditions of the contract.
3. Borrower repays the principal and interest of loan stated in the contract.
4. Cancel mortgage registration after the loan is settled in full.

Important Information:
1. Borrower can buy houses specified by Hua Xia Bank, or as a direct customer, buy other houses not specified by Hua Xia Bank.
2. Borrower must complete mortgage registration when buying a house in offer. Borrower when buying a house not currently in offer must make sure the house is allowed to be sold in advance with permit and is filed for mortgage registration.
3. If borrower is in breach of contract, Hua Xia Bank reserves the right to recall or stopthe loan, prosecute borrower on the breach and dispose the collateral/pledge to repay the principal and interest of loan, penalty interest and liquidated damages.
4. Borrower is responsible for the registration, appraisal and insurance of the collateral.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.

Housing Guarantee Loan

Definition:
Personal Housing Guarantee Loan is a loan released to all qualified natural persons for buying houses. Borrowers mortgage or pledge the property owned, under the joint and several liabilities guarantee from third party.

Features: 
1. Flexible guarantee: Pledge, collateral, third-party guarantee or combinations.
2. Long loan term: Maximum 30 years.
3. Flexible repayment: straight line repayment , reducing balance method.

Applicable Clients:
China citizens with full civil capacity, permanent residents of local city/town, or qualified to buy house by local government, overseas or foreign persons holding China permanent residence, good job and stable income, good credibility, ability to repay principal and interest of loan when due and ability to produce guarantee recognized by Hua Xia Bank.

Currency and Term:
Loan is released in RMB. Maximum term of the loan is 30 years.

Product Price:
Interest rate of personal housing loan follows the rate and floating margin announced by Peoples' Bank of China. Interest rate of commercial housing loan follows the loan rate and floating margin of the same term same class announced by PBC.

Service Channels: 
Hua Xia outlets offer loan services in consultancy, application, release and repayment. Phone Banking offers consultancy services. Internet Banking offers consultancy and SMS Alert when loan is due.

Application Documents:
Loan Application Form; Valid ID of borrower and spouse; Proof of borrower's family stable income issued by authoritative department and recognized by lending branch or other documents showing the ability to repay the loan; house purchase contract, agreement or other approval documents. Guarantee documents- collateral or list of pledges, proof of ownership, appraisal report, proof of consent to mortgage or pledge from the person or co-owner with disposal right; written consent from guarantor on the joint and several liabilities and the credit standing of the guarantor. Certificate of Deposit for down payment or evidence of down payment; other documentations stipulated by Hua Xia Bank.

Service Flows: 
1. Applicant submits an application for loan together with documents required. 
2. After approval from Hua Xia Bank, the lending branch, borrower and guarantor sign loan contract and guarantee contract. Loan will be released according to the terms and conditions of the contract.
3. Borrower repays the principal and interest of the loan stated in the contract.
4. Cancel mortgage after the loan is settled in full.

Important Information:
1. Loan can either be under collateral, pledge, guarantee or combinations. Pledge is limited to borrower or third party's Hua Xia Bank savings passbook (time deposit in the passbook/card), certificate treasury, non-bearer bond and certificate of deposit, certificate treasury, non-bearer bond issued by other local financial institutions recognized by Hua Xia Bank. Collateral can only be the house bought, or other property owned by borrower or jointly owned with third-party and not yet mortgaged; Guarantor who is a natural person must produce collateral or pledge in full amount; Guarantor who is a corporate entitymust open a deposit account in Hua Xia Bank; If borrower is in breach of contract, Hua Xia Bank reserves the right to recall the loan, dispose the collateral/pledge or prosecute borrower on the breach.
2. If borrower is in breach of the contract, Hua Xia Bank reserves the right to recall or stop the loan, prosecute borrower on the breach, dispose the collateral/pledge to repay the principal and interest of loan, penalty interest and liquidated damages.
3. Borrower is responsible for the registration, appraisal and insurance of the collateral.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.