Description

A pledge loan secured by the certificate of deposit (CD).

Client Guide

A credit on demand with simple procedure, applicable to natural person with full civil capacity.

Credit line

The credit line is granted according to the following pledge rate with threshold of RMB 1,000:

•  Up to 100% for loans with the same currency as that of the CD;

•  Up to 95% for loans with currency different from that of the CD.

Here the pledge rate refers to the ratio of the loan value to the deposit value. The loan value is the aggregate principal and interest incurred in the loan period. The deposit value is the receivable aggregate principal and interest incurred in the deposit term (deducted by the interest tax).

For cross-currency loan, the pledge rate is based on the middle price of the foreign currency on the dealing day.

Credit Period : within 1 year in general.

•  In the case of using other bank's CD as pledge, the maturity date of the loan shall not be later than that of the CD

•  In the case of several other bank's CDs, the loan term shall be set up based on the CD with the earliest maturity date.

•  In the case of using our CD as pledge, the maturity date of the loan may be later than that of the CD, on condition that the deposit term of the CD in question is automatically renewed upon due.

Loan Rate: Quoted from the PBOC and can be floated within the range preset by the PBOC.

•  In the event of advance repayment of the loan, the interest is settled according to the stipulated rate of the loan and the actual loan period.

•  In the event of overdue, interest penalty will be charged in compliance with relevant regulations of the PBOC.