☆ Introduction
A RMB secured loan released to borrower for special spending purpose.

☆ Features
An ideal choice with wider spending purposes, higher line of credit, longer loan term.

☆ Application Conditions
1. China citizen with full civil capacity, aged under 65 (inclusive), who stays permanently in China and has registered permanent residence or valid residence proof.
2. Good employment and stable income source, ability to repay principal and interest of loan when due.
3. Good credibility and sincerity to repay, no bad credit record.
4. Ability to surrender legal, valid and reliable guarantee recognized by ICBC.
5. Clear purpose; follow rules to use the loan.
6. Personal settlement account opened in ICBC.
7. Other conditions stipulated by ICBC.

☆ Credit Line
Line of Credit is determined by borrower's credibility and the guarantee provided. Maximum amount of loan will not be over 70% of collateral's value if being mortgaged by personal living house, and not be over 60% of collateral's value if being mortgaged by personal commercial house.

☆ Loan Term
Maximum 5 years. 8 years (inclusive) if the loan is used for medical treatment and overseas study, without rollover.

☆ Loan Rate
Follows PBC rules on the Term Rate of same class, same term.
Interest on personal comprehensive consumer loan shall be debited by each account.

☆ Repayment
Loan with term less than a year (inclusive) has interest repaid monthly, principal repaid monthly, quarterly, semiannual or one time. Loan with term over a year has principal and interest repaid every month.

☆ Documents Needed
Submit application to ICBC, fill in written application form and submit the following:
1. Valid ID document.
2. Proof of registered permanent residence or valid residence, and permanent residential place.
3. Evidence of marital status.
4. Proof of income and personal asset.
5. If loan is supported with house property as mortgage, submit property rights of the mortgaged house, ID document and marital status proof of owner (included statutory joint-owner) and written consent on mortgage. Follow rules to assess the value of mortgaged house and submit appraisal report. Mortgaged house exempted from appraisal should be submitted with evidence, including the House Purchase Contract or last appraisal report.
6. Plan or declaration of using the loan.
7. Other details stipulated by ICBC.

☆ Operation Guide
ICBC release the loan through transfer to the personal settlement account specified by borrower, same procedures as in Auto Loan for others.

(The above is only for reference. Details refer to local ICBC branches. To save your time, please consult local ICBC before).