Description

A pledge loan secured by the undue certificate treasury bond subscribed with the bank.

Handling Guide

A credit on demand with simple procedure.

Requirements on the Applicant

•  The applicant shall be a natural person with full civil capacity;

•  With full-amount value of the certificate treasury bond as pledge;

•  Applicable only to certificate Treasury bond subscribed with IB.

 Certificate Treasury bond of the following situations shall not be used as pledge:

•  Already on due

•  Involved in title dispute

•  Already used as guarantee

•  Reported of loss, or

•  Stopped to pay legitimately

Line, Period and Rate

•  Credit Line : Up to 90% of the bond's value with threshold of RMB 5000 yuan.

•  Credit Period : The maturity date of the loan shall not be later than that of the bond, and shall be set up based on the bond with the earliest maturity date in the case of use several piece of bonds as pledge.

•  Loan Rate:  Quoted from the PBOC and can be floated within the range preset by the PBOC. For loans with period less than 6 months, the rate is based on that of the 6-month loan. There is no modification if any rate adjustment occurs.

Repayment

Two repayment modes are available:

(1) One-off repayment of the lump-sum principal and interest, and

(2) Several payments of interest only by month/quarter and principal and interest of the last term upon due.