Personal bankCredit Loans
A Chinese citizen who has a permanent residence in China, has a local permanent residence account (or valid proof), has full civil capacity, and meets the following conditions may apply for a personal credit loan.
1. Have a legitimate career and a stable source of income (monthly wage income must be more than 1,000 yuan), with the ability to repay loan principal and interest on schedule;
2. The unit where the borrower is located must be an administrative and corporate entity that is approved by the bank and has a good relationship with the bank, and the bank must pay wages on behalf of the bank;
3. Compliance with the law, no violations and bad records;
4. In ChinaICBC
Open a personal settlement account and agree that the bank will deduct the loan principal and interest from its designated personal settlement account;
5. Other conditions stipulated by the bank.