Recently, CCB formally launched the loan product of personal housing mortgage of maximum amount, i.e. customers use their own house as mortgage of maximum amount to get loans from the bank which can be used successively during the effective period and within the credit line.

Source of CCB says that the new product comes from the traditional personal housing loan products. Since houses are immovable and have stable value, the product expands the functions of traditional personal housing loan and turns it into an easily accessible personal financing platform to meet the diversified financing needs of customers. The maximum loan eligibility period is 30 years.

The product realizes “one-time mortgage and recycling use”. With simple procedures, it fully activates the housing resources of customers and turns them into mobile assets. All the houses with legal ownership of customers can be used as mortgage of maximum amount. Once applying for the product, customers will no only need to waste time on applying for loans out of various purposes. Within the credit line and during the effective period, customers may make recycling use of the loan to buy house, car, home appliances and furniture, decorate their house, travel or pay tuition without the need to make mortgage repeatedly.

As the first Chinese commercial bank offering personal housing loans, CCB always follows the “customer-oriented” business philosophy and enriches the personal housing loan product line to meet diversified market needs and raise the competitiveness of the product. Today, personal housing loan has become the largest personal credit business of the bank.