Personal Composite Consumption Loan

Product Introduction

Our bank provides personal loans to qualified individuals for their personal or family legal and compliant consumption (excluding home purchases), except for personal consumption loans used to purchase vehicles. 

Product Features

1.Long Loan Period: Up to 5 years (inclusive);

2.Flexible Loan Methods: supports credit loans as well as secured loans through mortgage, pledge, guarantee, and other forms of collateral.

3.Diverse Loan Usage: personal housing renovation, daily consumption (education, training, medical, tourism, etc.), durable consumer goods purchase (furniture, appliances, etc.), and other personal legal consumption;

4.Loan Interest Rates: Differentiated pricing is implemented by each branch, subject to the final approval result of the Bank.

Basic Requirements for Borrower

1.Must be at least 18 years old and not exceed 75 years old at the end of the loan term (for guarantee and credit loans, the primary borrower must not exceed 65 years old at the end of the loan term). 

2.Must have a stable source of income and demonstrate willingness and ability to repay. 

3.Good credit status for the borrower, with no overdue loans or credit card payments.

Application Materials

1.The borrower and spouse's identification and marriage certificate;

2.Income proof;

3.Loan usage materials;

4.Corresponding materials if choosing mortgage or pledge or guarantee ;

5.Other required materials.

Application channels

You can apply at any outlet of China Minsheng Bank or contact the customer manager for door-to-door service.

Tips

1.This page is for reference only; the specific business process standards are subject to the provisions at the local outlets;

2.For any services, please call the 24-hour customer service hotline at 95568 of China Minsheng Bank.