Description

A revolving credit the bank offered to the borrower in which the bank, at the written application of the borrower, performs an integrated appraisal of the applicant's credit standing and collaterals, to determine the line of credit that the borrower can use in a specified period.

This credit line can be employed to obtain loans, provide warrants to a third party and draw personal checks (hereinafter referred to as other credit services).

Handling Guide

The personal unsecured credit is granted in compliance with the principles of “Unified credit line, classified appraisal, aggregate amount control and adjustment from time to time”, which is automatically renewed without additional negotiations.

Requirements on Applicant

•  Be creditworthy with high and steady income, and have the ability to repay timely the principal and interest of the loan;

•  Owe residence booklet or other legitimately valid certificates of residing in the city of the handling bank with age below 60;

•  Open IB card with the handling bank as the settlement facility;

•  Meet other requirements prescribed by the bank.

Credit Line

The total credit line is the sum of the pledge line of credit, mortgage line of credit, guarantee line of credit and unsecured line of credit.

Pledge Line of Credit

Based on the pledge value and the pledge rate.

Pledge rate

•  up to 99% for pledge of CDs with the same currency.

•  up to 95% for pledge of CDs with other currencies.

•  up to 90% for pledge of certificate T-bond or insurance policy purchased with the bank.

Mortgage Line of Credit

Based on the mortgage value and the mortgage rate, up to 70% of the appraised value acknowledged by the bank.

In principle, the mortgage is real estate with strong cashibility.

Guarantee Line of Credit

Based on the guarantee value, the borrower's ability to fulfill the obligation and credit rating:

•  up to 8 times of the borrower's monthly income for guarantee of credit rating A, and

•  up to 5 times for guarantee of credit rating B.

•  Guarantee of credit rating below B will not be accepted by the bank in principle.

Unsecured Line of Credit

Based on the borrower's ability to pay and his/her credit rating:

•  up to 8 times of his/her monthly income for the borrower of credit rating A, and

•  up to 5 times of his/her monthly income for the borrower of credit rating B.

•  Borrowers of credit rating below B will not be accepted by the bank in principle.

Credit Period

The credit period is set up in accordance with the collateral forms as follows, where the shortest prevails when use several forms of collaterals:

•  Pledge / Mortgage Line of Credit: within 3 years.

•  Guarantee Line of Credit: within 1 year.

•  Unsecured Line of Credit: within half a year.

Attentions

•  It is a revolving credit line, elapsing with the outstanding loan and the other credit services effected, and recovering with the repayment or the settlement of other credit services.

•  Adjustment. The credit line may be adjusted to suit your change of ability to pay that may be influenced by the change of your credit rating or securing measures.

•  Termination. The credit line can be terminated at the borrower's application, or in response to events that would essentially impair the borrower's credit rating.

•  A new appraisal of the borrower's credit rating and securing measures shall be performed and a new handling procedure shall be initiated by the handling bank in response to the borrower's application of a new unsecured credit when the old is due.

Repayment

Monthly interest installment repayment and principal repayment upon due   for credits within 1 year, and the repayment means is negotiable for credits beyond 1 year.