Facilitating Schooling - Realize dreams and achieve better future!
Many students aspire for better education in the long journey of life. It requires a solid foundation to realize your dreamy future. Therefore, IB has prepared a series of education loans, helping you finish your education and pave a broad road for the future.
※ Study-abroad Loan
It is a guaranteed loan that IB grants to study-abroad students or their immediate families or legal guardian to pay for tuition fee, living costs and book fee of study-abroad students.
[Rules of Loan]
Amount:
The amount will be 5,000 yuan or more, capped at 800,000 yuan.
Term:
Depending on study period, income of borrowers and guarantee ability, the loan term shall be negotiated with borrowers, but not longer than 5 years. Where a guarantee is adopted, the term should not be longer than 3 years, and the sum of borrower's age or guarantor's age and loan term shall not exceed mandatory age for retirement.
Interest rate:
Term loan interest rate announced by PBC shall apply. Where term is 1 year or less, the contract interest rate shall apply for adjustment of interest rate during the term, and no segmented interests will be used. Where the term is more than 1 year, interest rate shall be agreed by both parties according to commercial rules, adjusting monthly, quarterly or annually during the contract term, or taking fixed interest rate.
Repayment:
Where the term is one year or shorter, the loan could be repaid with principal and interest in a lump sum at maturity;
Where the term is longer than one year, the loan could be repaid with equal principal and interest or equal principal, or other methods agreed by both parties.
[Application requirements]
1. Applicants shall have full civil capacity, urban permanent residence certificate or valid certification of residence;
2. Applicants should have a letter of admission and address of overseas education institutes;
3. Applicants should have proof of fees such as tuition fee and living costs during the study;
4. Applicants should have 20% or more independently raised funds;
5. Applicants should be able to provide guarantee acceptable by IB;
6. Borrowers, if they are immediate families or legal guardians of students, should have stable occupation and income, sound credit standing and ability to repay principal and interest on schedule;
7. Applicants should open a personal settlement account at IB as the tool for disbursement and repayment of loan;
8. If an agent is necessary, applicants may designate domestic agents acceptable by IB;
9. Applicants should meet other requirements specified by IB.
※ Loan for Advanced Education
It is a RMB guaranteed loan that IB grants to students or their immediate families for postgraduate education in China.
[Rules of Loan]
Amount:
The amount shall not exceed 80% of actual payment of tuition fee and book fee recognized by IB. The minimum amount is 5,000 yuan, capped at 200,000 yuan.
Term:
The loan term generally should not be longer than 3 years, or 5 years at longest.
Purpose:
The loan could be used by borrowers or their immediate families for tuition fee and book fee of postgraduate education in China.
Interest rate:
The advanced education loan shall follow the benchmark loan interest rate for the corresponding term and the corresponding bracket as announced by the PBC and can be floated within the given scope.
Where the term is 1 year or less, contract interest rate shall apply for adjustment of interest rate during the term and no segmented interests will be used. Where the term is more than 1 year, interest rate shall be determined annually; when an interest rate adjusts, the new rate will be applied from Jan 1st of the next year.
Repayment:
Where the term is one year or shorter, the loan could be repaid with principal and interest in a lump sum at maturity, or pay interests monthly or quarterly and repay principal at maturity.
Where the term is longer than one year, the loan could be repaid with equal principal and interest or equal principal, or other methods agreed by both parties.
[Application requirements]
Applicants should have full civil capacity;
Aged between 22 years to 55 years;
Applicants should have legal and stable source of income and ability to repay loan on schedule;
Applicants should have sound credit standing, observe law and discipline, with no negative credit or debt record;
Applicants should have a letter of admission from education institutions;
Applicants should be able to provide guarantee acceptable by IB;
Applicants should open a personal settlement account at IB;
Applicants should meet other requirements specified by IB.
All rules are subject to the announcement at our outlets. No further notice will be provided on any change.
Startup Pal - Open up the future, realize your dream!
Do you have ambitions to start your own business but lack of capital? IB Startup Pal could be your strong supporter which provides various loan services for start-ups and helps you take the opportunity to build great business!
※ Personal Start-up Loan
It is RMB guaranteed loan that IB grants to borrowers for solving capital turnover problems in project investment, purchasing (installing or repairing) small equipments or other business purposes complied with national policies or credit management rules of IB.
[Rules of Loan]
Amount:
The amount shall not exceed 70% of working capital needed in project investment, expenses for purchase (install or repair) small equipments or total capital for franchise chain business, capped at 5 million yuan.
Term:
The term generally should not be longer than 3 years, or 5 years at longest, and loan term for working capital in operation shall not be longer than 1 year.
Interest rate:
Term loan interest rate announced by PBC shall apply.
Repayment:
Where the term is not more than one year (inclusive), the principal and interest shall be repaid on a lump-sum basis when the term of the loan ends. Alternatively, interest may be calculated monthly (or quarterly), and the principal and interest will be settled when the term of the loan ends.
Where the term is longer than one year, the loan could be repaid with equal principal and interest or equal principal, or other methods recognized by IB.
[Application requirements]
1. Applicants should be individual business owners with unincorporated business license issued by industry and commerce administration authorities, partners of partnerships, business owner of sole proprietorship or natural person;
2. Applicants should have full civil capacity and aged below 50;
3. Applicants should have business license, tax registration certificate and industry operating permit issued by industry and commerce administration authorities;
4. Applicants should operate legal business with development potential or competitiveness and ability to repay loan on schedule;
5. Applicants have sound credit standing, observe law and discipline, with no negative credit or debt record, and can provide collateral, pledge or guarantee acceptable to IB;
6. Applicants should have permanent domicile and business place in the place of handling organizations;
5. Applicants should open a settlement account at IB for daily business settlement;
9. Applicants should meet other requirements specified by IB.
※ Circulating Loan of Individual Line of Credit
It is a loan service that IB, based on individual client's written application and comprehensive evaluation of its credit standing and guarantee conditions, provides individual clients with maximum line of credit which could be circularly used in a certain period of time and signs loan contracts with clients.
[Rules of Loan]
Amount:
It contains all line of credits approved by IB (including automatic line of credit, overdraft limit of credit card etc) which comprise pledge limit, mortgage limit, warranty limit and credit limit in respect of guarantee method. The total line of credit should be the sum of pledge limit, mortgage limit, warranty limit and credit limit. The line of credit shall be determined according to client's credit standing, solvency and guarantee provided.
Term:
The term shall be determined as follows. If more than one guarantee methods are provided in application, whichever shorter shall be taken.
1) The term of loan guaranteed by mortgage (pledge) generally should not be longer than 3 years, or 5 years at longest.
2) The term of loan guaranteed by warranty should not be longer than 2 years;
3) The term of loan guaranteed by credit should not be longer than 1 year.
Repayment:
Where the term is not more than one year (inclusive), the principal and interest shall be repaid on a lump-sum basis when the term of the loan ends, or interest may be calculated monthly (or quarterly or semiannually), and the principal and interest will be settled when the term of the loan ends, or other repayment method recognized by IB. Where the term is longer than one year, the loan could be repaid with equal principal and interest or equal principal, or other methods recognized by IB.
[Application requirements]
1. Applicants should have stable incomes, good credit standing and the ability to repay the loan and interest on schedule.
2. Applicants should have permanent residence certificate or legal certification of residence where the lending bank locates, and the sum of applicant's age and loan term shall not exceed 60;
3) If applicants have already had personal housing loan (including loan for residential property or loan for commercial property) at IB, and apply for circulating loan of individual line of credit with such property as collateral, applicants must meet three conditions, 1) their personal housing loan at IB being classified as Normal, 2) have no more than two records of malicious overdue interest, and 3) have repaid principal and interest on time for 1 year or above;
4) If applicants have already had property mortgage loan at other bank, and apply for circulating loan of individual line of credit with such property as collateral, applicants must have paid up mortgage loan of other bank;
5) Applicants should open a personal settlement account at IB as the tool for disbursement and repayment of loan;
6. Applicants should meet other requirements specified by IB.
If applicants are person in charge (legal representative) of unincorporated organization, they must also:
1) register their business at same place with lending bank, and conduct legitimate and legal production and operation;
2) have legal, stable source of income, sound reputation, observe law and discipline, no negative credit or debt record, and the ability to repay principal and interest on schedule;
3) have own funds no less than the percentage required by IB, and its business has good potential and profitability;
4) have opened a settlement account at lending bank for its business, and take IB as the major settlement bank;
5. Applicants should meet other requirements specified by IB.
※ Personal Commercial Housing Loan
It is loan that IB grants to clients for purchasing commercial housing (excluding second hand commercial housing).
[Rules of Loan]
Amount:
The amount generally should not be more than 60% of housing price assessed by the property assessment agency designed by lending bank.
Term:
The term shall not exceed 20 years.
Interest rate:
The interest rate of individual housing loan announced by PBC shall apply, and may float based on the benchmark rate. The loan interest rate shall be determined annually, and the new rate shall apply in the beginning of next year in case of adjustment to the official rate.
Repayment:
Where the term is not more than one year (inclusive), the principal and interest shall be repaid on a lump-sum basis when the term of the loan ends. Where the term is longer than one year, the loan could be repaid with equal principal and interest or equal principal, or other methods agreed by both parties.
[Application requirements]
1. Applicants shall be natural person with full civil capacity;
2. Applicants shall have PRC citizenship, local ID card or other valid identity proof;
3. Applicants shall have local permanent domicile;
4. Applicants shall be able to pay at least 40% of housing price in advance, and have stable income, sound reputation and ability to repay principal and interest on schedule;
5. Applicants shall be willing to take the commercial housing purchased as the collateral to the loan;
6. Applicants should open a personal settlement account at IB;
7. Applicants should meet other requirements specified by IB.
※ Personal Commercial Housing Decoration Loan
It is a loan that IB grants for decorating commercial housing. Properties recognized by IB must be taken as collateral for such loan in principle.
[Rules of Loan]
Amount:
The amount shall not be more than 70% of the decoration budget acceptable to IB, or 60% of collateral properties value recognized by IB.
Term:
The term shall not be longer than 5 years.
Interest rate:
The loan shall follow the benchmark loan interest rate announced by the PBC and can float within the given scope.
Repayment:
Where the term is not more than one year (inclusive), the principal and interest shall be repaid on a lump-sum basis when the term of the loan ends. Where the term is longer than one year, the loan could be repaid with equal principal and interest or equal principal, or other methods agreed by both parties.
[Application requirements]
1. Applicants shall be Chinese residents with full civil capacity;
2. Applicants should have stable income, good credit standing and the ability to repay the loan and interest on schedule;
3. Applicants should have permanent residence certificate or acquire legal certification of residence where lending bank locates, aged below 55 years;
4. The commercial housing to be decorated should be located at the same place as the lending bank;
5. Applicants should have decoration budget from decoration companies;
6. Applicants should be able to provide guarantee acceptable by IB;
7. Applicants should meet other requirements specified by IB.
※ Joint Account
It is a local or foreign currency current or fixed savings deposits account opened jointly with the name of multiple natural person (no more than 4) at IB. The real-name deposit system is adopted for joint account. Targeting mainly at start-up partners, such service enables them to use one same account and manage jointly-owned funds.
Method of Use
1. Applicants shall sign Agreement of Joint Savings Account with the operating body of IB and complete Deposits Sheet of IB Joint Savings Account;
2. Joint accounts could be opened for current passbook, fixed term deposits certificate, call deposits passbook and passbook for deposits with the principal saved and interest withdrawn;
3. Joint account could be activated with cross deposits but not cross withdrawal. Depositors can deposit at any of IB's operating bodies, but they have to conduct withdrawal, partial advance withdrawal or cancellation at the outlet with which they opened their accounts.
4. Where clients need to alter relevant articles in the Joint Account Agreement due to change of withdrawal method, change of consignors or other reasons, they should conduct change procedure by bringing their respective ID card (original) and the Agreement (original) at the outlet with which they opened their accounts.
All rules are subject to the announcement at our outlets. No further notice will be provided on any change.
Smart Financing - Skilled Wealth Management and Financing
To have flexible and convenient capital supplement, considerate loan support is necessary. IB Smart Financing designs tailor-made self service circulating loan to provide easy and economic capital support for skilled wealth management and financing!
IB Smart Financing, or self service circulating loan, is a service that IB, upon your application, authorizes a line of credit for your cycle use with no need to bring written application or sign contract for each loan.
[Service Features]
1) Comprehensive credit extension, cycling loan: IB provides a self service line of credit which you can use loan circularly under such line.
2) Smart Financing, simple steps: you don't have to go through all steps for using self service credit.
3) Many channels, expend anytime; you can conduct cash credit withdrawal or credit transfer at IB's outlets or UnionPay labeled ATM; credit transfer with internet banking or telephone banking; or credit-card consumption at UnionPay labeled POS machines.
4) Repay automatically, minimum interest: Just set a minimum deduction amount with IB, IB will perform repayment at evening of same day, reducing interest expenses as much as possible.
[Rules of Loan]
Amount:
The amount shall not be more than 1 million yuan.
Term:
The term shall not exceed 1 years.
[Application requirements]
1. Applicants should have stable incomes, good credit standing and the ability to repay the loan and interest on schedule;
2. Applicants should have permanent residence certificate or legal certification of residence where the lending bank locates, and the sum of applicant's age and loan term shall not exceed 60;
3) If applicants have already had personal housing loan (including loan for residential property or loan for commercial property) at IB, and using such property to apply for self service circulating loan, applicants must meet three conditions, 1) its personal housing loan at IB being classified as Normal, 2) have no more than two records of malicious overdue interest, and 3) have repaid principal and interest on time for 1 year or above;
4) If applicant have already had property mortgage loan at other bank, and apply for self service circulating loan with such property as collateral, applicants must have paid up mortgage loan of other bank;
5) Applicants should open a personal settlement account at IB as the tool for disbursement and repayment of loan;
6. Applicants should meet other requirements specified by IB.
If applicants are person in charge (legal representative) of unincorporated organization, they must also:
1) register their business at same place with lending bank, and conduct legitimate and legal production and operation;
2) have legal, stable source of income, sound reputation, observe law and discipline, no negative credit or debt record, and the ability to repay principal and interest on schedule;
3) have own funds no less than the percentage required by IB, and its business has good potential and profitability;
4) open a settlement account at lending bank for its business, and take IB as the major settlement bank;
5. Applicants should meet other requirements specified by IB.
All rules are subject to the announcement at our outlets. No further notice will be provided on any change.
Fast Pledge - Effective and fast capital support
Have you ever wish to pawn your cherished things when badly in need of money for operation? IB Fast Pledge launches diversified financing service, which offers you effective and fast capital support and reduce loss to your assets.
※ Loan pledged on deposit receipt
It is a credit service that you can obtain certain amount of loan and repay principal and interest on schedule by pledging your undue local or foreign currency fixed deposit receipts issued by IB or other banks.
[Rules of Loan]
Amount:
The minimum amount is 1,000 RMB, and foreign currency deposit receipts should be converted into RMB at the middle rate on Loan Day for evaluation purpose. Pledge rate:
(1) The pledge rate for the deposit receipt in the same currency may not exceed 100% at most;
(2) The pledge rate for the deposit receipt in different currencies may not exceed 95% at most;
Term:
The term generally is not longer than one year. If an individual fixed deposit receipt issued by other banks is used as pledge, the mature date of loan shall not be longer than the maturity date of the deposit receipt; if pledged on more than one deposit receipts, the loan term should be determined based on the receipt that will become mature in the shortest time. If a deposit receipt issued by IB is used as pledge, the mature date of loan may go beyond the maturity of the deposit receipt, but the deposited money must be re-deposited automatically when the fixed deposit receipt becomes due in the loan term.
Interest rate:
Term loan interest rate announced by PBC shall apply.
Repayment:
The principal and interest shall be repaid on a lump-sum basis when the term of the loan ends. Alternatively, interest may be calculated monthly (or quarterly), and the principal and interest will be settled when the term of the loan ends.
※ Loan pledged on certificate treasury bonds
It is a credit service that you can obtain RMB loan from IB and repay principal and interest
on schedule by pledging your undue certificate treasury bonds issued by various operating bodies of IB.
[Rules of Loan]
Amount:
The minimum amount is 5,000 RMB, and each loan shall not exceed 90% of the value of pledged bonds.
Term:
The mature date of loan shall not be longer than the maturity date of the certificate treasury bond; if pledged on more than one certificate treasury bonds with different maturity dates, the loan term should be determined based on the bond that will become mature in the shortest time.
Interest rate:
Term loan interest rate announced by PBC shall apply.
Repayment:
The principal and interest shall be repaid on a lump-sum basis when the term of the loan ends. Alternatively, interest may be calculated monthly (or quarterly), and the principal and interest will be settled when the term of the loan ends.
[Application requirements]
1. Natural person with full civil capacity;
2. Loan application shall be pledged on certificate treasury bonds in full amount;
>3. Only certificate treasury bonds subscribed in IB will be accepted;
4. Any certificate treasury bond that is mature, has a disputable ownership, or has been guaranteed, reported for loss, or countermanded under law cannot be used as pledge.
※ Loan pledged on insurance policy
It is a credit service that you can obtain certain amount of loan from IB and repay principal and interest
on schedule by pledging your insurance policy issued by insurance companies.
[Rules of Loan]
Amount:
The minimum amount is 1,000 RMB, and each loan shall not exceed 90% of the insurance policy's cash value confirmed by insurance companies, i.e. pledge rate may not exceed 90%.
Term:
If pledged on savings insurance policy, the term may not be longer than 5 years; if pledged on investment insurance policy, the term may not be longer than 1 year; and in both scenarios, the term may not be longer than the insurance term of insurance policies.
Interest rate:
Term loan interest rate announced by PBC shall apply, and may float based on the benchmark rate.
Repayment:
Where the term is not more than one year (inclusive), the principal and interest shall be repaid on a lump-sum basis when the term of the loan ends. Alternatively, interest may be calculated monthly (or quarterly), and the principal and interest will be settled when the term of the loan ends.
Where the term is longer than one year, the loan could be repaid with equal principal and interest or equal principal, or other methods recognized by IB.
[Application requirements]
1. Natural person with full civil capacity;
2. Applicants should have the capacity of repayment and should have a good credit standing;
3. Applicants should provide insurance policies as required by IB;
4. Other loan requirements specified by IB.
[Application materials]
1. Application Form of Loan Pledged on Insurance Policy's Rights
2. Valid ID card in original and copy (if pledged on third party insurance policy, the original and copy of third party ID card should be submitted);
3. The original insurance policy to be pledged;
4. Payment receipt of insurance premium;
5. Other materials required.
※ Loan pledged on beneficiary rights to local and foreign currency wealth management products
It is a RMB loan that you can pledge on the beneficiary rights to local and foreign currency wealth management products (mainly Wanhui Pass and Wanli Pal) sold by IB. & lt; /p>
[Rules of Loan]
Amount:
The minimum amount is 1,000 RMB, which shall not exceed 90% of the principal if pledged on beneficiary rights to RMB wealth management products, or 80% of the principal if pledged on beneficiary rights to foreign currency wealth management products.
Term:
The term may not be longer than 1 year or the maturity date of local or foreign currency wealth management products pledged. The loan shall be shortened accordingly where such products matures ahead of time, unless the principal and interest are converted into cash deposit for repayment as approved by applicants. If pledged on beneficiary rights to more than one wealth management products , the loan term should be determined based on the products that will become mature in the shortest time.
Interest rate:
Term loan interest rate announced by PBC shall apply, and may float based on the benchmark rate.
Repayment:
The principal and interest shall be repaid on a lump-sum basis. The interest will be calculated on the actual days of loan in case of early repayment. Default interest will be charged as stipulated by PBC for overdue repayment.
[Application requirements]
Applicants can be natural persons or corporate customers.
Applicants must meet following conditions:
1) Natural person
1) Chinese residents with full civil capacity;
2. Have a good credit standing and the ability to repay;
3) Pledged on local or foreign currency wealth management products purchased by himself/herself from IB;
4) Open a personal RMB settlement account at IB;
5) Meet other requirements specified by IB.
2) Corporate customer
1) Has been approved by and registered with industrial and commercial administrative authorities and own corporation status;
2) Open a RMB settlement account at IB;
3) Pledged on RMB wealth management products purchased by itself of a third person from IB;
4) Meet other requirements specified by IB.
3. The Agreement concerning beneficiary rights to the wealth management products pledged must also:
1) Have not been early redeemed;
2) Have no dispute over ownership, not been guaranteed or countermanded under law；
3) Not exposed to any situation that may cause invalid pledge of such wealth management products, such as non-negotiable, non-pledgeable etc.
※ Loan pledged on beneficiary rights to trust
It is a service that trust owners apply for financing at IB with beneficiary rights to trust which uses the credit assets brought back by IB as the subject, or trust product with which IB provides guarantee for trust project.
[Rules of Loan]
Amount:
The minimum amount is 10,000 yuan, and pledge rate may not exceed 60%. Interest accrued from beneficiary rights to trust shall also be pledged in principle.
Term:
The term may not be longer than 1 year or the expiry date indicated on the certificate of beneficiary rights to trust. The loan term shall be shortened accordingly where such beneficiary rights mature ahead of time, unless the realized beneficiary rights are converted into cash deposit for repayment.
Interest rate:
Loan interest rate of same period announced by PBC shall apply. No segmented interests will be applied for adjustment of interest rate during loan term.
[Application requirements]
1. The service targets at owners of certificates of beneficiary rights to trust, including individual investors and institutional investors.
2. Applicants should meet following basic conditions:
1) Applicants must be the beneficiary of beneficiary rights to trust, and the settlor shall be the beneficiary. Third party beneficiary rights will not be accepted;
2) Applicants shall have strong ability to repay, sound credit standing and no negative credit record;
3) For institutional clients, its credit rank should be rated as BBB at IB; for individual clients, its credit rank should be rated as C level at IB;
4) The purpose of financing should comply with national laws and regulations of regulators, and must not be used to purchase trust products sold by IB repeatedly;
5) Pledge on beneficiary rights to trust products for which IB acts as agency for collection and payment of funds;
6) The beneficiary recognizes and agrees to financing pledged on certificate of beneficiary rights to trust;
7. Applicants should meet other requirements specified by IB.
3. Beneficiary rights to trust shall also meet following conditions to be admitted for pledge:
1) Such certificates, i.e. trust contracts and payment receipts of trust funds, have not been reported for loss, frozen, or disputed over ownership;
2) The beneficiary recognizes and agrees to financing pledged on certificate of beneficiary rights to trust;
3) Trust settlors have been approved to re-register, maintain normal management and sound qualification, and have no negative records of damaging consignor's interests due to appropriation of trust funds or poor management;
4) The direction and purpose of trust funds agreed in contract comply with national laws and regulations as well as industry policies; collection of principal and expected returns are guaranteed;
5) The actual user of trust funds has sound credit standing and no major negative record in the past 3 years;
6) Trust contracts and trust plans have not been exposed in any situation that may cause invalid pledge, such as non-negotiable, non-pledgeable or repayment of debt for beneficiary rights to trust;
7) Beneficiary rights to trust in question should be registered for pledge and notarized.
All rules are subject to the announcement at our outlets. No further notice will be provided on any change.