Personal Self-service Loan

Introduction   Features   User's Guide   Loan DIY

【Introduction】

Personal self-service loans refer to a type of credit service offered by the Industrial Bank. Specifically, the borrower pledges the undue RMB and foreign currency fixed deposits, certificated bonds and other such pledge items in his/her IB card to obtain a loan from the Industrial Bank, which is processed via the self service platforms of the Industrial Bank (Currently, the self-service platforms include online banking and mobile phone banking).

【Product Features】

The service can meet the short term financing demands of clients. Loans can be obtained quickly and easily.

【User's Guide】

Application Terms and Conditions

1. Chinese residents (excluding residents of Hong Kong, Macau and Taiwan) with full civil capacity and the ability to repay loans;

2. Applicants are required to pledge undue RMB and foreign currency fixed deposits, certificated bonds and other the like in their IB card that comply with the regulations of the Industrial Bank.

3. Applicants are required to adhere to other terms and conditions stipulated by the Industrial Bank.

Loan Limit, Tenure & Interest Rate

1. The minimum amount for personal self-service pledge loans taken against fixed deposits is RMB 1,000; the minimum amount for loans taken against certificated bonds is RMB 5,000. Loans must be in multiples of RMB 100. The pledge rate of pledges in RMB shall not exceed 90%. The pledge rate for pledges in foreign currency shall not exceed 80%. The amount of a single loan shall not exceed RMB 400,000.

2. The loan tenure shall not exceed one year and no extension is allowed. The term of a loan is not allowed to exceed the expiry date or effective period of the pledge (unless the fixed deposit will be carried forward automatically).

3. The benchmark loan interest rate of the relevant class in the period in question offered by the IB outlet.

Loan Repayment

The principal and interest shall be repaid on a lump-sum basis when the term of the loan is due.

Application Procedure

1. The borrower is required to apply for an agreement at an outlet of the Industrial Bank

2. Examination and approval by the bank

3. The borrower signs the Agreement on Personal Self-service Loans from the Industrial Bank.

4.The self-service loan function is activated (clients with an e-certificate or that apply for pledge loans via the mobile phone banking service can sign the agreement and activate the service manually)

5. The borrower can obtain loans via internet banking or mobile phone banking

6. Loan repayment

Application Documents

1. Valid proof of identity of the client

2. IB card of the client

3. Agreement on the Personal Self-service Loans from the Industrial Bank

【Loan DIY】

(i) “Personal Self-service Loans” customer DIY in internet banking

Loan information enquiry

Loan repayment

Loan release

Receiving and repaying personal loans online is easy. All clients have to do is visit the Industrial Bank's website www.cib.com.cn, log onto personal online banking, click on the “Loans” page and then choose the service that you want in the “personal self-service loans” section. Clients can also check detailed loan information online. This service allows clients to access loan services and enjoy the convenience of DIY from the comfort of their own homes.

(ii) “Personal Self-service Loans” customer DIY in mobile phone banking

Early repayment

Loan enquiries

Pledge loan

To access mobile phone banking, please visit http://3g.cib.com.cn (3G version) or http://wap.cib.com.cn (normal version). Applying for and repaying personal loans in mobile phone banking is easy. All clients have to do is log onto mobile phone banking and they choose desired service after entering the “IB Wealth Management” section. Clients can also obtain information about the loans granted via a wealth management card by going into”Inquiry about assets” and then selecting “Inquiry about loans”. Enjoy the convenience of DIY loans anytime, anywhere.

Trade Tips

Daily accounting hours for the retail credit system are from 20:00 to 24:00. Loans transactions in online banking, such as the release, repayment and inquiry of various loans, will be suspended during this time. Please conduct you transactions during non-accounting hours.

(Please note: The information above is for reference only. Please consult your local branch for information on whether this service is available and what the specific requirements are. Please consult your local IB organization before making an application.)