Corporate applicants must have:
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A real estate business license approved by the industry and commerce administration;
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Strong financial status and business conditions, and the ability to provide a repurchase guarantee;
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A good reputation and a strong business relationship with CMB;
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Other requirements of CMB.
Mortgage Criteria for a Building
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Well-situated; strong liquidity;
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Completed development procedures; has a sales (pre-sales) permit from the state-owned land management authority;
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Completed procedures for housing mortgage loans; have submitted the documents required for fixed asset loans.
Note:
All the contents stated above are for your reference only. Please consult the local branch of China Merchants Bank for further information. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page.