I. Definition of product

Personal Auction Loan (hereinafter referred to as “auction mortgage”) refer to the building mortgage loan business issued by the Bank to natural person for purchasing auction properties.

II. Applicable clients

Credit extension objects: natural persons between the age of 18 (inclusive) and 65 (inclusive) with full capacity for civil act (including Chinese citizens, persons from Hong Kong, Macao and Taiwan, as well as foreigners, etc.)

III. Functional characteristics

(I) Loan amount: It refers to the loan-to-value combined with the type of real estate and the number of housing units purchased, which is implemented according to the latest housing loan policy; the lower one of the transaction value and the appraised value is adopted for the market value of the purchased property;

(II) Period: The period of individual housing loans shall not exceed 30 years; individual commercial housing loans shall not exceed 10 years (the maximum period shall not exceed 5 years in case it is a warehouse or factory); the sum of the age of the borrower and the loan period shall not exceed 70 years (for high-quality clients, it can be appropriately extended by 5 years); the sum of the age of the transaction property and the loan period shall not exceed 60 years;

(III) Loan purpose: It is used for purchasing newly developed and constructed real estate that can be circulated in the new housing transaction market; the purchaser of the parking space (garage) shall be the property owner of the same real estate in principle;

(IV) Warranty method: mortgage or mortgage plus warranty;

(V) Repayment method: monthly payment (successive subtraction or equal amount method);

(VI) Interest rate: The loan interest rate is implemented in conjunction with relevant regulations of the linear management department according to the lower limit of the product interest rate determined by the Main Branch.

IV. Application requirements

(I) Being at least 18 years old and under 65 years old;

(II) Presenting the legal and valid identity certificate, marital certificate and household register certificate (or valid residence certificate);

(III) Being able to fully and promptly repay capital and interest with stable and legal source of income;

(IV) Not being included in the Supreme People’s Court’s list of dishonest persons subject to enforcement;

(V) Being able to pay the first installment of the house purchased;

(VI) Being willing to repay with a good credit record;

(VII) Other requirements stipulated by the Bank.

For joint borrowers, any person who meets the above conditions can apply for a loan. However, minors shall not be included in the joint buyers.

V. Business materials

(I) Identity documents of the borrower and spouse;

(II) Household register certificate (or residence booklet, etc.) or original valid residence certificate of the borrower of spouse;

(III) Original certificates of the marital status of the borrower;

(IV) Relevant materials of the co-applicants shall also be provided in case there are co-applicants;

(V) The House Purchase and Sale Contract signed with the seller (the subscription can be submitted first in case it is not available during application; the House Purchase and Sale Contract can be provided before the loan is released);

(VI) The first payment receipt or invoice as well as other relevant materials such as transfer payment vouchers, etc. (it can be provided before the loan is released) of the borrower;

(VII) The Spouse Agreement Mortgage Statement (Annex 3) shall be provided before the loan is released in case the borrower is married and has not applied for the co-borrower. Besides, the borrower can also sign in the contract mortgage list;

(VIII) Certification materials of the borrower’s loan repayment ability, including but not limited to salary income, operating income, lease income or other asset proof materials;

(IX) For the purchaser, the spouse of the purchaser and the minor members of the family whose mortgage loan is used for purchasing a residential house, a housing status statement shall be provided;

(X) Relevant information of the warrantor shall be provided in case an additional guarantor is involved as a guarantee warranty;

(XI) Information for loan purpose: a copy of the property ownership certificate of the auction property that have been transferred, auction confirmation, a copy of the auction receipt or invoice;

(XII) Relevant information about the non-bank debt borne by the purchase of the auction property.