Announced Date：August 14, 2000
Date：October 31, 2008
Conditions attached to the Preferential Loan Program:
(1)Program size: NT$1,680 billion (originally set at NT$200 billion on August 14, 2000, then increased by NT$200 billion on August 17, 2001, April 11, 2002 and January 10, 2003, NT$280 billion on August 22, 2003 and NT$300 billion on May 30, 2004, May 20, 2005).
(2)Lending rates: Calculated as a floating rate pegged to the Chunghwa Post Co., Ltd. ’s floating interest rate on two-year time deposits plus 1 percent.
(3)Government subsidization at a fix rate per annum: 0.85% for the NT$400 billion appropriated on August 14, 2000 and August 17, 2001, 0.425% for the NT$200 billion appropriated on April 11, 2002, 0.25% for the NT$200 billion appropriated on January 10, 2003, and the NT$280 billion appropriated on August 22, 2003, and 0.125% for the NT$300 billion appropriated separately on May 30, 2004 and May 20, 2005 to be budgeted and paid by the Ministry of the Interior on a yearly basis.
(4)Actual interest rate paid by the borrower: The lending rate of the financial institution less the government subsidization rate.
(5)Ceilings per household:
(i)Maximum loan value per household in Taipei City is NT$2.5 million.
(ii)Maximum loan value per household in other areas is NT$2 million.
(6)Maturity and method of repayment: Maximum 20 years, including a three-year grace period (during which the borrower pays the interest but not the principal); from the fourth year, the principal and interest shall be evenly amortized for the remainder of the term to maturity by the annuity method.
(7)Prospective borrower: A Republic of China national of at least 20 years of age, eligible for one housing unit only.
(8)Applicable buildings: Used and new housing units of which the ownership transfer registration has been completed on/after November 20, 2004, and on the title of which the purpose of the building is registered as including "residence" or "dwelling."