Required application materials: application for credit business; The latest financial statements of the borrower and the mortgagor; Resolutions of the board of directors of the borrower and the mortgagor; Letter of commitment for credit guarantee issued by the mortgagor; Collateral ownership certificate and insurance certificate; An appraisal report on the value of collateral issued by an asset appraisal institution recognized by the bank; Description of payment plan and repayment source; Commercial contracts related to the purpose of the loan.
Collateral classification: To standardize the operating procedures of mortgage loans, we must correctly grasp the legal basis and operating principles in mortgage loans. In China, the current mortgage loans can be roughly divided into six categories according to the scope of collateral: (1) inventory mortgage, also known as commodity mortgage, refers to all kinds of goods mastered by labor services, including commodities, raw materials, products in process and finished products, and applies for loans from banks. (2) Customer account mortgage refers to the short-term loan secured by accounts receivable. (3) Securities mortgage refers to short-term loans obtained by taking stocks, bills of exchange, promissory notes, certificates of deposit, bonds and other securities as collateral. (4) Equipment mortgage, including mechanical equipment, vehicles, ships, etc. Used as a guarantee for obtaining regular loans from banks. (5) Real estate mortgage, that is, the borrower provides land, houses and other real estate mortgages to obtain loans. (6) Mortgage of life insurance policy refers to the establishment of mortgage right on insurance claim. It takes the surrender amount of the life insurance contract as the limit, and issues loans to the insured with the insurance policy as collateral.