Service Description

Granting loan is a kind of credit activity in which the commercial bank or other credit institution (the lender) lends money, at a certain interest rate and agreed-upon repayment period, to the client in need of.

Loans may be divided, according to different standards, into RMB loan and foreign currency loan, fixed assets loan and working capital loan, short-term loan, medium-term loan and long-term loan, unsecured loan and secured loan, fixed rate loan and floating rate loan, etc..

Features

You can find a full range of loans with the bank including:

Fixed Assets Loan. Loan to meet long-term funds demand in infrastructure construction, technology innovation, and purchase and installation of equipments, which may be classified as infrastructure construction loan and technology innovation loan.

Working Capital Loan: or refereed to as short-term circulating loan , loan to resolve the shortfall of working capital in on-going production and business operation, including temporary loan (bridging loan) , short-term loan and medium-term loan.

Onlending Loan: loan offered by foreign governments, banks or other financial institutions but forwarded by the bank, including buyer's credit, government loan, mixed loan and their accompanying foreign commercial loan.

Syndicated Loan: a financing means developed from the bilateral bank loan, in which two or more banks (a bank syndicate) with a leader bank, contract with a borrower to provide (usually medium-term) loan on common terms and conditions governed by a common (set) of documents.

Real Estate Development Loan : loan granted to the enterprise of real estate development for the purpose of establishing houses to sell in the market. Eligible applicants are real estate development enterprises with strong capability and sound credit standing that have been set up upon the approval of the authorities concerned, and that have registered at and gained business license from the Administrative Departments of Industry and Commerce.

Project Financing: loan offered to a new project in which the sponsor of the project set up a project company to hunt, in the name of the company, loans for the project, which are secured by the assets of the project company and repaid by its cash flow and revenues.

Business Handling

Applicants: Corporations, public institutions, other economic entities, self-employed enterprises that have been approved and ratified by the Administrative Departments of Industry and Commerce or competent official agencies, as well as natural persons of full civil capacity.

Documents required for applying for loan are detailed as follows:

•  The Loan Application Form;

•  Business license passed annual review;

•  Audited financial statements of the last three years, and

•  The Certificate of Loan, or Loan Card.

In addition, the following documents shall also be included for the application:

•  Guarantee Loan : Relevant materials of the guarantees, the Guarantee Contract.

•  Mortgage/Pledge Loan : List, appraisal report, and ownership certificates of mortgages/pledges, together with the Mortgage/Pledge Contract.

•  Project Financing: The feasibility study report, the project approval from the authorities concerned, certificate documents of the availability of other funds and certificate documents of the fulfillment of complementary conditions.

•  Working Capital Loan : The Procurement Contract of the raw materials and auxiliary materials, the Purchase Contract of products or other business contract, and certificate documents of the availability of other funds.

•  Real Estate Development Loan: The Certificate of Qualification of the client, State-owned Land Use Right Remise, permit of investment, permit of construction and permit of commencement.