Overview
The "Repayment Holiday Plan" for Personal Housing Loan consists of "Easy Repayment Plan" and "Full Holiday Plan".
Under "Easy Repayment Plan", borrowers of an ABC personal housing loan can apply for repaying interest only during a specific period (the "period of regular settlement"), and then repay principal and interest on time.
Under "Full Holiday Plan", borrowers of ABC personal housing loan can apply for suspending the repayment of principal and interest during a specific period (the "period of repayment suspension"), and then repay principal and interest on time.
Features
1. ABC "Repayment Holiday Plan" for Personal Housing Loan makes repayment more flexible and offers you more repayment choices.
2. With "Easy Repayment Plan", you can repay interest only within two years, which can ease your financial burden. The plan can be applied and used repeatedly.
3. With "Full Holiday Plan", you can suspend repayment within one year after prepayment, relieving you from all payment worries during a business trip or going abroad.
Qualifications of the Borrower
1. The eligible applicant for "Easy Repayment Plan" should:
·Have applied for or have been borrowers of ABC personal housing loan, with either straight line repayment or reducing balance method.
·Have the capacity to repay on time.
·Have good credit standing, i.e., no record of loan overdue for over 90 consecutive days (otherwise, original copy of the clearing certificate of the whole loan is required), and no overdue loan principal or interest. If an application has been made before, the new application shall be submitted after at least a one-year normal repayment period following the previous period of regular interest settlement.
2. The eligible applicant for "Full Holiday Plan" should:
·Apply for suspension after prepayment and prepayment at the same time.
·Meet the requirements for prepayment.
·Choose the straight line repayment or the reducing balance method for loan repayment.
The prepayment method available for application is to remain on the same loan terms and to reduce installment amount.
Procedures
The borrower files an application and submits relevant documents → ABC enters into an agreement with the borrower after approving the application → System operation → The borrower repays loan as required.
Documents Required for the Application
1. Identity certificate.
2. Original loan contract.
3. Other documents required by ABC.
Application Channels
All outlets of ABC.
Customer Service Center : 95599
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