Loan Application

In applying for a loan for refurbishing houses, the borrower shall file a written application to the lender, fill in the related application form and also provide the following documents, certificates and materials:
1. I.D. cards of the borrower and the spouse, residence booklet and other original valid residence credentials;
2. Testimonials of fixed occupation and stable economic income approved by the lender;
3. For expensive luxury refurbishing, provision of the refurbishing agreement or contract signed with the refurbishing enterprise approved by the lender and the statement of budget for the refurbishing project is necessary in principle;
4. If property is used for mortgage or pledge, provision of a detailed list of the mortgaged or pledged property by the way of security and the commitment or statement agreeing to the mortgage or pledge duly signed by the person entitled to disposal (including the co-owner of property) is necessary. For the mortgaged property as security, an evaluation report issued by the competent department and the insurance document issued by the insurance company shall be provided, and for the pledged property, a document of ownership certification shall be provided. If a guarantee is provided by a third party, a written document agreeing to guarantee by the guarantor and the related credit certification materials shall be provided.
5. Certificate of deposit with the Bank of China that is not less than 20% of the total refurbishing amount or a certificate of payment that over 20% of the sum total in refurbishing project has been paid;
6. For expensive luxury refurbishing, provision of a business license (duplicate) and a certificate of qualifications and credit records (duplicate) of the refurbishing enterprise is necessary in principle;
7. Other documents or materials of certification required by the lender.