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Corporate Information
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Corporate Internet Banking
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Project Loan
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Project loan is a kind of RMB or foreign currency medium or long term loan we provide for your company to finance your fixed asset project investment.
| |  Project loan is used mainly to satisfy funding demand in following aspects | | |
- To support the fixed asset investment or working capital demand of newly established company. Main types are project loans for production projects, service projects or infrastructure projects.
- To support the upgrading, restructure, renovation or redecoration of existing machine, equipment, building, technology or technique in existing enterprises for improvement of economy efficiency. Such kind of project loan includes loans for technology renovation, equipment upgrading or restructuring of commercial network.
- To support the research, development, promotion or utilization of new technology, new technique, new materials or new products of enterprises or research institutions.
- To support the enterprise in its acquisition of ownership of specific property, including the credit support offered for the enterprise in its acquisition of the material ownership, operation right or property right through various channels.
- And other medium and long term projects.
Loan Conditions | | |
In order to acquire the project loan from our bank, your company should satisfy the following conditions:
- The purpose of the loan should comply with the related state laws and regulations as well as the local industry policy or be included in the annual planning of the local government. Necessary approval documents have been acquired for the project.
- Your company has stable and reliable income resources and strong solvency for the medium and long run.
- Your company possesses own capital for at least 30% of the total investment volume of the project. If the loan is used for property acquisition, the shareholder's equity of your company should exceed 50% of the investment needed for the acquisition.
- Your company could provide guarantee in compliance with our bank's requirement.
Currency, Tenor and Interest Rate of the Loan | | |
- Our bank provides project loans in US dollar, Japanese Yen and other free convertible currencies.
- Usually the tenor of the project loan does not exceed 10 years.
- The loan interest rate and interest settlement method of RMB project loans should abide by the related regulations of The People's Bank of China. The basic interest rate and commission standards of foreign currency loan should be decided according to the market rate of domestic foreign currency loans, market situation of international financial markets, loan tenor and other factors. The interest rate, settlement method and commission standard will be further determined in connection with the security of the loan.
Application Procedure | | |
Your company should submit a written application and report for the loan, whose content should include the purpose, amount, tenor, repayment resource, guarantee method of the loan. Meanwhile the following documentation should also be provided:
- Inauguration permission from related authority, business license for enterprises legal entity and certificate for annual inspection from industrial and commercial administrative departments.
- Articles of association.
- The audited financial statements of last year and the latest one.
- The approval documents, feasibility study report, construction progress report as well as related agreement and planning of the project.
- The proof of utilization of the company's own fund.
- Purchase contract of materials and equipment of the project.
- Other materials required by our bank.
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