Bank credit is an economic activity in which banks temporarily lend self-raised funds to enterprises and institutions and recover them at a certain interest within the agreed time.

Type:

Divided into RMB loans and foreign exchange loans by currency.

According to the purpose, it is divided into working capital loans and fixed assets loans. The former includes revolving loans, temporary loans and discounted bills, while the latter includes technology issuance loans, capital construction loans and technology development loans.

It is divided into short-term loans and long-term loans according to the term. Short-term loans 1 year, medium-term loans 1 year or more (excluding 1 year) but less than 5 years (including 5 years), and long-term loans for more than 5 years (excluding 5 years).

It is divided into industrial loans, commercial loans, agricultural loans and foreign trade loans according to economic sectors.

According to the loan method, it is divided into credit loan, secured loan and bill discount, and secured loan is divided into three types: secured loan, mortgage loan and pledge loan.

According to the loan object, it is divided into wholesale loans and retail loans.

According to the nature of loan use, it is divided into foreign trade loans, real estate loans and entrusted loans.

Object:

Enterprises, institutions, legal persons, other economic organizations, individual industrial and commercial households or natural persons with China nationality and full capacity for civil conduct approved and registered by the administrative department for industry and commerce or the competent authority.

Basic principles for accepting loan applications:

Except for natural persons and enterprise legal persons who do not need to be approved and registered by the industrial and commercial department, the borrower shall go through the annual inspection formalities in the industrial and commercial administrative department with a business license.

Hold a loan certificate issued by the local people's bank within the validity period.

The borrower opens a basic account or general deposit account in our bank, and maintains a certain deposit and settlement business in our bank in proportion to the loan; If the loan amount of our bank accounts for a large proportion of its total loan amount, we should open a basic settlement account with our bank.

The borrower has the ability to repay the principal and interest on schedule, and the principal and interest of the due loan have been fully paid off; If there is no repayment, a repayment plan approved by our bank has been made.

To apply for medium-and long-term loans, the proportion of the legal person owner's equity of the newly-built project enterprise to the total investment required for the project shall not be lower than the proportion stipulated by the state.

The borrower can truthfully provide the information required by our bank, accept our review and supervision on the use of credit funds and related production, operation and financial activities, implement relevant loan conditions, and use the loan according to the purpose and schedule agreed in the loan contract.

The borrower's financial and credit status and management meet the requirements of the bank.

Basic procedure:

Enterprises apply and submit relevant documents.

The bank conducts an investigation and completes the loan investigation report.

Banks conduct internal review, inspection and approval of loans.

Sign a loan contract and go through relevant mortgage and notarization procedures.

Use the money according to the contract and pay interest.

After the loan is issued, the bank shall inspect and supervise the loan use and mortgage of the enterprise. Repayment or deferred repayment.