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Personal First-hand Commercial Housing Loan


The Personal First-hand Commercial Housing Loan is a loan made to finance the borrower’s purchase of office or retail property traded for the first time against mortgage of the purchased commercial housing, and repaid in monthly instalments.

Qualifications of the Borrower

1. Full capacity for civil conduct, valid identity certificate;

2. Ability to repay principal and interest on the loan;

3. Good credit record;

4. A legally binding commercial housing purchase contract or agreement, which is in the format prescribed by real estate authorities, has been entered into with the housing seller;

5. Certificate of down payment not less than the minimum percentage required;

6. Certificate demonstrating the willingness of the person entitled to dispose of the purchased housing to use it as collateral;

7. Other conditions required by ABC.

Term, Interest Rate and Limit

1. The loan term is up to 10 years.

2. The interest rate is not less than 1.1 times rate of the same class and period announced by the PBOC;

3. The maximum amount of the personal first-hand commercial housing loan is 50% of the housing purchase price.


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

Documents Required for Application

1. Valid identity certificate of the borrower;

2. Certificate of marital status of the borrower;

3. Certificate of down payment not less than 50% of the housing price;

4. Certificate of repayment ability of the borrower;

5. Valid housing purchase contract made between the borrower and the housing seller;

6. If any co-borrower is involved, the co-borrower must provide his or her identity certificate and other documentary evidence concerned, and fill out the Personal Housing Loan Application Form of the Agricultural Bank of China as required;

7. Certificate demonstrating the willingness of the person entitled to dispose of the purchased housing to use it as collateral;

8. Other documents required by ABC.

Repayment Options

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

Follow-up Services Available

1. Prepayment. If the borrower desires to repay the loan before it matures, the borrower needs to file a written request to his branch seven days in advance, and may, upon consent of his branch, prepay the outstanding loan principal in part or in whole without any adjustments to interest already accrued and paid. 

2. There are two options of partial prepayment:

Shorter term: Shorten the loan term without change in the amount of each installment; 

Lower installments: Decrease the amount of each installment without change in the loan term.

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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