The Bank of Communications is the pioneer to define “individual housing” as the first housing of the mortgage bearer with architectural size within 90 sq. meters, reports China Economic Net. This is believed to become the standard of the property and mortgage market, clarifying and solving the arguable notion for the banking industry. The expert at the Financial Risk Management Department of the Bank of Communications states that the bank will offer a maximum of 80% mortgage of 30 years and an interest reduction of 10% to individual housing buyer. With the additional reduction of insurance and notarization fees, the lenders can reduce 30000 to 40000 Yuan from their burdens. This measure is a breakthrough from traditional mortgage loan and a step towards credit loan.