1) First-hand Housing Mortgage
This is to finance the applicant's purchase of a first-hand property. The credit limit is 70% the sales price.

2) Second-hand Housing Mortgage
This is to finance the applicant's purchase of a property with a title deed. The credit limit is usually 70% the appraisal price.

3) Mortgage Refinance Loan
This is to finance applicant's purchase of a mortgaged property from the owner who has not fully repaid the mortgage loan to the bank. The credit limit is 60% the sales price.

4) Revolving Mortgage Loan
A revolving home mortgage loan is similar to a call loan. The bank sets a credit limit to the borrower with mortgage of the property as collateral. Unlike the other types of home mortgage loans, the loan is revolving. Within the credit limit and the loan period, the debtor can withdraw and repay repeatedly. The purpose can be decoration of the property or any other purpose as accepted by the bank. The credit limit is 60% of sales or appraisal price.

Repayment:
1) Equivalent amount of principal & interest method
The borrower repays the loan every month based on equal amount of principal and interest.
With this repayment method, the total repayment amounts in the first few years will be smaller than those under the “Descending Method”, but the total interest amount is larger. It is suitable for those whose current income is relatively low but is expected to increase in the following years, mainly young people whose employment is not long, or investors who have other investment channels with a high return.
2) Equivalent amount of principal method (descending method)
The borrower repays the loan every month based on equal amount of principal, under which the interest amount descends along with the decline of the principal.
With this method, the amount of repayment of the principal plus the interest is relatively higher in the early stage of the loan period, but it is descending gradually. This is suitable for those whose income is declining each year but whose current income is enough for the repayment.
3) Repayment with grace period
For the first one or two years, the borrower pays the interest only. After the grace period, the borrower may select the equivalent amount of principal & interest method, equivalent amount of principal method, or any other repayment method.
4) Bullet repayment
If the loan period is not long, the borrower may choose to repay the principal and the interest in one lump sum upon maturity.
5) Irregular repayment of principal
There is no definite repayment amount for each month. The borrower may repay the loan principal at any time, provided he/she notifies the bank three days in advance.

Requirements:
1) Enterprises with foreign investment or foreigners
2) With stable occupation and income, or assets of high liquidity, and full capacity for loan repayment
3) Down payment not less than the bank's requirement of 30%
4)With car insurance recognized by the bank and the mortgage registration of car purchased
5) Other conditions as required by the bank.

Documents required for application:
For an individual:
1) Application for personal auto purchase loan;
2) Copy of ID card, and ID card of your spouse (if applicable);
3) Auto purchase agreement;
4) List of collaterals or pledges, and certificate of agreement to collateral or pledge by the person with the right of proposal; ownership, appraisal value, insurance documents for the pledged, proof of title of pledges, and the certificate of guarantor's agreement to guarantee;
5) Certificate of deposits of auto down payment special account;
6) Income certificate.
7) Others

For a legal person:
1) Application for auto purchase loan;
2) copy of Business license, articles of association, contract, legal representative's ID card;
3) Loan Certificate issued by PBOC;
4) Financial statements having been audited by CPA firm, and balance sheet, P&L statement and cash-flow statement of the latest period;
5) Auto purchase agreement or contract;
6) List of collaterals or pledges, and certificate of agreement to collateral or pledge by the person with the right of proposal; ownership, appraisal value, insurance documents for the pledged, proof of title of pledges, and the certificate of guarantor's agreement to guarantee;
7) Certificate of deposits of auto down payment special account;
8) Other documents, such as Board resolution, etc.

Loan Security
Auto purchase loan can be secured by the following means: mortgage of car, pledge of car, and guarantee (third party guarantee or performance guarantee insurance by insurance company)

Credit Limit
Maximum: 70% the auto purchase price

Loan Period
Legal person: 3 years or less
Natural person: 5 years or less

Repayment
1) Interest is payable monthly and principal is repaid in installments according to loan agreement;
2) For early repayment of principal & interest, the borrower should notify the bank one month in advance;
In particular cases, BIN may also provide mortgage loans for purchase of second-hand imported cars.