☆Introduction
Personal second-hand housing loan is issued by loaner to the borrower to purchase a house, which can be legally traded in the secondary market, from a seller who has acquired the property certificate of the house and has a complete disposal right of it.

☆Target Client
The borrower of personal second housing loan shall be natural person of full civil capacity within 18-65 years old (including 18 and 65 years old), with good credit history and willingness for payment.

☆Features
Besides all special services offered for personal brand new housing loan, personal second-hand housing loan also has following features:
1. free of limit of house ages --you are free of limit of house ages when applying for second-hand housing loan in ICBC, even the house ages exceed 20 years.  
2. Free fund supervision--ICBC offers free fund supervision to the seller and buyer of the second-hand housing loan to ensure the transaction fund safety.  
3. Flexible timely loan issuance--if you have offered the effective phased guarantee or gone through the procedure of transaction fund supervision, ICBC can issue the loan before mortgage registration. 

☆Application Condition
Besides the basic requirements of application for personal brand new housing loan, the consumers of personal second-hand housing loan shall satisfy following requirements:
1. House seller has legal disposal right to the house purchased, and property right certificate must be attached to the house purchased; 
2. If the house property right is co-owned, the common owners must issue a certificate about agreement on the transfer. 

If you plan to apply for a personal second-hand housing loan, you shall prepare following materials in advance:
1. Legal identity certificates of borrower;
2.Income and occupation certificates of borrower; ；
3.Resident population register card of borrower; ；
4. Conjugal relationship certificate of borrower (if applicable);
5. The written promise signed by all parties of common borrowers to define common repayment responsibility (if applicable);
6. Property right certificate of the second-hand house purchased; 
7. House Sales Contract signed with house seller and the account allowing transfer in offered by house seller; 
8. If the guaranty needs to be appraised, the guaranty appraisal report issued by the appraisal agency recognized by loaner is required;
9. Written authorization documents signed by the common owners of the property right of the house purchased about agreeing on the sales of the house (if applicable); 
10. Other documents or materials required by loaner. 

☆Credit Line of Loan
Loan limit is 80% of the market value of the house purchased at most.

☆Loan Interest Rate
The lowest interest rate is 70% of benchmark interest rate of People’s Bank of China. 
Loan rates refer to those applicable to Personal Brand New Housing Loan.

☆Term and House Ages of Loan
The Loan term is 30 years and can’t exceed the residual years of land use right of the mortgaged house property at most.

☆Service Channel and Time
You can submit the loan application to ICBC consumer manager at outlet of real estate agency cooperating with ICBC, or ICBC personal loan center or personal credit loan business department of local ICBC branch. 

☆Operation Guide
Please refer to operation process of personal brand new housing loan.

☆ Interest rate information
RMB Loan Interest Rate Table

☆FAQ
1. As to the second-hand house directly transacted by seller and buyer, can the house buyer apply for ICBC second-hand housing loan? 
No matter the second-hand housing transaction realized through the real estate agency, or directly realized with seller, ICBC can offer personal second-hand housing loan business for you. You can consult local ICBC personal credit loan business department or personal loan center.

2. Is the second –hand house purchased required to be evaluated? 
According to ICBC provisions, when you apply for personal second-hand housing loan, the house property shall be appraised at the real estate appraisal agency appointed by ICBC to determine the sum of the loan. The appraisal procedure is free for the house property meeting the requirements. Please consult personal credit loan business department or personal loan center of local ICBC branch.  

3. When handling the second-hand housing loan business, how to ensure that the house buyer can get property right certificate after payment for his (she) house?  
Aiming at the worry existing in the process of fund transfer and house property transaction, ICBC presents the second-hand housing transaction supervision business. Through the supervision of bank on the down payment and the loan fund, the business can ensure the fund safety in the process of house property transaction; meanwhile, through unfreezing the house sales income after the affirmation of the completion of the transaction, the business can urge seller to cooperate in property right transfer procedure and ensure the interest of the buyer. You can consult personal credit loan business department or personal loan center of local ICBC branch for the details of business application and operation processes.

☆Responsibility Statement
The contents on this page are for reference only. The ultimate power of interpretation is under the Industrial and Commercial Bank of China Limited. For part of the contents, notice and specific regulations of local branches shall prevail.