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Mortgage Loan Refinancing (With Transaction)


The Mortgage Loan Refinancing (with Transaction) is a process where, when a mortgage-financed housing is resold, ABC issues a loan to the seller to repay the mortgage loan made by another lender for collateral release and title transfer; ABC then issues a second-hand housing loan to the buyer and recovers the loan made to the seller.

Qualifications of the Borrower

1. Full capacity for civil conduct;

2. Registered permanent urban residence or valid residence permit;

3. A secure job and stable income, good credit record, ability to repay the loan (principal and interest);

4. A legally binding housing purchase contract or agreement has been made;

5. If the second-hand housing loan applied for by the buyer is less than the collateral release loan applied for by the seller, the buyer should be able to pay the custody fund, equal to the difference between the two loans;

6. One specialized guarantee company provides a guarantee for both the buyer and the seller;

7. The customer agrees to secure the loan by mortgage of the purchased housing, or provide ABC-approved assets as collateral, or provide a guarantee by an individual or organization eligible as a guarantor, who is able to pay debts on behalf of the borrower and jointly and severally liable to repay principal and interest on the loan;

8. Other conditions required by ABC.

Term, Interest Rate and Limit

1. The loan term is up to 30 years.

2. Interest rate is the rate of the same class and period prescribed by the PBOC, adjustable upwards or downwards in accordance with particular circumstances, and not less than 85% of the corresponding benchmark rate.

3. The loan amount is up to 80% of the purchase price or valuation of the housing purchased, whichever is lower.


The borrower files an application and submits relevant documents ABC enters into the loan contract with the borrower after the application is approved The borrower goes through insurance and security formalities ABC issues the loan The borrower repays the loan upon maturity.

Documents Required for the Application

1. Valid identity certificate;

2. Certificate of household property and income;

3. Legally binding housing purchase contract or agreement;

4. Other documents required by ABC.

Repayment Options

ABC offers you many options of repayment: straight line repayment, reducing balance method, equal increments (decrements), and fixed rate increments (decrements).

Follow-up Services Available

Mortgage extension: Borrowers who have outstanding personal housing loans at ABC may apply for extension of their loans.

Mortgage contraction: Borrowers who have outstanding personal second-hand residential housing loans at ABC may apply for contraction of the term or partial/full prepayment of their loans.

Mortgage transfer: The borrower resells the housing unit, serving as collateral, within the term of the personal second-hand residential housing loan, and the new purchaser applies to ABC for a loan to finance his/her purchase of the housing unit serving as collateral.

Application Channels

Authorized outlets of ABC.

Note: Please contact your local branch for detailed information about the service.

Customer Service Center : 95599


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