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Personal Second-hand Residential Housing Loan


The Personal Second-hand Residential Housing Loan is a loan issued by ABC to finance the borrower’s purchase of resold residential housing.

Qualifications of the Borrower

1. Natural person who has full capacity for civil conduct and meets qualifications prescribed by ABC; 

2. Valid identity certificate (such as resident ID card, household register or any other valid residence certificate);

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

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

5. Ability to make a down payment not less than 30% of housing purchase price; 

6. Agree to secure the loan by mortgage of the purchased housing, or provide ABC-approved assets as collateral, or provide 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;

7. Other conditions required by ABC.

Term, Interest Rate and Limit of the Loan

1. The loan term is up to 30 years.

2. The corresponding interest rate is equal to the rate of the same class and period announced by the PBOC. The rate is adjustable upwards or downwards in line with particular circumstances, and not less than 85% of the corresponding benchmark rate.

3. The loan amount is up to 70% of the total 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 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. The original and copy of valid identity certificates, household registers and certificates of marital status of the borrower and the co-owner(s);

2. Income certificate approved by ABC;

3. The original legally binding commercial housing purchase contract or agreement, or any other valid similar document;

4. Documentary evidence of down payment not less than 30% of housing price, such as down payment voucher, receipt, invoice or bank slip;

5. Legitimate proof of ownership of the housing purchased, such as title deed;

6. 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 second-hand residential 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 or full prepayment of their loans.

Mortgage transfer: The borrower resells the housing 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 or her purchase of that housing serving as collateral.

Application Channels

All designated outlets of ABC.  

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

Customer Service Center : 95599


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