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Corporate Information
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Corporate Internet Banking
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Mortgage Loan
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In case your company needs funding to make purchase of real estate, automobiles, machines and other kinds of fixed assets in your production and business operation, you could use the purchased assets as pledge and apply to our bank for mortgage loan. If your clients need finance for purchase of your products (such as real estate, vehicles, machines and etc), you could also sign an agreement on mortgage loan cooperation with our bank. We will arrange loans for your clients on a collective basis, thus promoting your sales.
| |  Subject and Conditions for the Loan | | |
In order to apply for mortgage loan, your company or your clients should meet the following conditions:
- The borrower should have business license after annual inspection and the approval from related authorities in case a special approval from related government authority is required for your industry sector. For example, if your company is running automobile transportation business, permission from related authority is also required.
- The loan should comply with the stipulations of General Principles for Loan issued by the People's Bank of China. The borrower should have the loan certificate after annual inspection.
- The assets to be purchased with the loan could be pledged as collateral of the loan legally or the borrower could provide other kinds of guarantee recognized by our bank, such as additional mortgage, guarantee, pledge, re-purchase commitment of the supplier, performance insurance of insurance company and etc.
- The borrower should maintain deposit account with the lending branch of our bank and have no bad credit record.
- The borrower should have stable business income and be capable of repaying principle and interest on time.
Purpose of the Loan | | |
The loan could be used to purchase real estate, automobile or machinery needed for your business operation.
- Real estate means the ordinary factory plants, office buildings or commercial stores which your company purchase from the real estate developer or broker. Such kind of real estate should be completed or ready for sale. Real estate, which is developed or co-developed by your own company or which has not reached status for sale could not be used for mortgage.
- Vehicle means cars, buses or trucks listed in the "Catalog for Automobile Producer and Products" published by the State Committee for Economy and Trade or any other special vehicle, such as tractor, trailer, engineering vehicles, recognized by our bank.
- Machine means ordinary machines purchased by the borrower which do not require massive or special installation.
Limit, Tenor, Interest Rate and Repayment of the Loan | | |
- Loan Amount
Your company should make a certain proportion of payment with your own fund. If the loan is used to purchase office building or commercial store, the payment with your own fund should not be lower than 30% of the real estate price principally. If the loan is used for purchase of factory plant, you should pay at least 40% of the total price with your own fund. If the loan is used to purchase vehicle, your own payment should accounts for at least 40% of the vehicle price. In case of purchase of machines, at least 50% of the total price should be paid with your own fund. - Tenor of the Loan
The maximum tenor for the loan is five years. Generally speaking, the loan for purchase of vehicle or machines should not exceed three years. - Interest Rate
The interest rate for corporate lending stipulated by the People's Bank of China for the same tenor shall apply for this kind of loan. In case the official interest rate is adjusted during the tenor of the loan, the original contract interest rate will be further effective for loan within one year and there will be no interest rate adjustment. However, for loan over one year, the adjusted interest rate will apply from the interest settlement date nearest to the date one year after the drawdown date. The interest will be calculated separately for each interest rate period. - Repayment of the Loan
Your company may choose to repay the loan by dividing the principle or the interest and principle together in equal installments, in monthly or quarterly installments. For mortgage loan within one year you could also use the method of paying interest quarterly and returning the principle in lump-sum upon maturity. Mortgage loan of the Seller's Credit Model | | |
In order to promote your product sales, your company could also initiate mortgage loans for your clients. In this circumstance, you could sign an agreement on mortgage loan cooperation with our bank and agree with us on the basic conditions for the loan offered to your clients. Thus our bank could provide purchase financing for your clients all over the country efficiently and conveniently.
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