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Corporate Information
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Corporate Internet Banking
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Syndication Loan
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If your company has capital demand for huge amount or for relatively long term, upon your written trust deed, we could arrange several banks to offer a loan jointly, that is syndication loan.
| |  Basic Conditions | | |
- Your company is legally registered under approval of industrial and commercial administrative departments. Your company has business license of enterprise legal entity and production and business operation permission;
- Your company is an independent accounting unit and has complete financial system.
- Your company has sufficient capital in compliance with related regulations.
- Your company has good business performance. The loan has reasonable usage in compliance with related state policy, laws or regulations and can generate economy effect. Your company is able to return principle and pay interest on time.
- Your company maintains settlement account with our bank. Your company will report your financial statements to us timely and receive the credit and settlement supervision from our bank.
Currency, Tenor and Interest Rate | | |
- The currency of syndication loan could be RMB or free convertible foreign currency.
- The tenor of syndication loan could be divided into short-term and medium & long term. Maximum tenor for short-term syndication loan is one year. The tenor for medium & long term syndication loan is from one year to ten years.
- The interest rate of RMB syndication loan is determined by the interest rate policy of the People's Bank of China. The basic interest rate and fee standard of foreign currency syndication loan is decided by the market interest rate of domestic foreign currency loan, international financial market, funding cost of our bank and tenor of the loan. It will be adjusted according to the borrower's credit risk and the security situation of the loan.
Application Procedure | | |
If you want to apply for syndication loan, you should provide us with following materials: - Written application for the loan.
- A written mandate to entrust our bank to provide you the finance.
- The approval from related departments, the business license of enterprise legal entity, certificate of annual inspection by industrial and commercial administrative department, the resolution of the board, the authorization letter by the legal representative and the personal identity certificate of the authorized person.
- Articles of association.
- The audited financial statements of last year and the latest one.
- The sales contract, written approval, custom declaration related with the loan, approval documents of the project, feasibility study of the project, a report on construction progress of the project and other related agreement or schedule.
- A statement on the utilization of your own fund.
- The basic introduction of the guarantor.
- The articles of association of the guarantor and the resolution of board.
- List of the collateral and the written content to pledge the collateral from the person who has the power to dispose the collateral.
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