Description

A loan granted to finance the borrower's traveling.

Handling Guide

Business Principals

The loan is granted in compliance with the following principles:

•  Traveling via designated travel agency

•  With self-raised down payment

•  With effective guarantee

•  With dedicated purpose of traveling, and

•  Making repayment on schedule

Requirements on Applicant

•  Be a natural person with full civil capacity;

•  Own residence booklet or other legitimately valid residential certificates in the city of the handling bank;

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

•  Can offer guarantees acknowledged by the bank;

•  Open personal settlement account with the bank;

•  Meet other requirements prescribed by the bank.

Documents Prepared

•  Written Application Form for Traveler's Loan;

•  Original and photocopy of the borrower's valid ID documents (resident's ID card, residence household book or other valid residential certificates);

•  Income certificates from the borrower's present employee, or certificates of the latest tax claim for self-employed borrowers;

•  Guarantee documents;

•  Other documents required by the bank.

Line, Period and Rate

•  Up to 70% of the total amount of travel expenses prescribed by the travel agency.

•  Short-term loan with period less than 1 year, the rate is quoted from PBC and can be floated within the limit preset by PBC.

Repayment

Two repayment modes are available for loans within 1 year:

(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.