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Personal Second-hand Housing Loan
 

☆ Introduction
Personal second-hand housing loan refers to a loan granted by the lender to the borrower for the purchase of the housing for which the seller has obtained the property ownership certificate or the real property right certificate, of which the seller has the full right to dispose and that can be legally traded in the secondary market.

☆ Target
The borrowers of personal second-hand housing loans should be natural persons with full civil capacity and aged between 18 (inclusive) and 70 (inclusive), with good credit records and strong repayment willingness.

☆ Limit
As maximum loan-to-value ratios and limits may differ from place to place, please consult local ICBC outlets for details.

☆ Term
The term is up to 30 years, and the sum of the borrower’s age and the loan term should not exceed 75 years.

☆Minimum interest rate
The interest rates on personal first housing loans should not lower than the LPR with corresponding terms, and those on personal second housing loans should not lower than the LPR with corresponding terms plus 60BP.


The above is for reference only. Details refer to the rules drawn up by local ICBC branch. To save your time, please call your local ICBC before applying for the service.
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