1. When the borrower applies to the lender for personal deposit pledge loan, it must take personal time deposit issued by China Bank as pledge guarantee. Personal time deposit pledge loan can accept personal time deposits in local and foreign currencies that have not expired in China Bank. Products include lump-sum time deposits and lump-sum time deposits with interest. Certificates of title that can pledge time deposits include time all-in-one passbook, current all-in-one passbook, debit card and lump-sum time deposit certificate issued by China Bank. The handling institution may accept loan applications with time deposits opened by non-handling institutions as collateral.
2. For the business handled through online banking, the types of time deposits that can be pledged are limited to the time deposits that have been automatically transferred under the time all-in-one account (the associated medium of the account can be the time all-in-one passbook or debit card), and the deposit must be in the borrower's name, and the time all-in-one account has been associated with online banking.
3. The time deposit certificate of personal time deposit pledge loan shall not be frozen in any form, including the borrower's full freezing (no account transaction), the borrower's freezing (no account transaction) and the amount freezing (no account balance is less than the agreed freezing amount).
4. For the business handled by the agent, the pledgor shall deliver the property right certificate of the pledged time deposit to the pledgee. For the business handled through online banking, the lender will freeze the time deposit pledged by the pledgor, and the pledgor does not need to deliver the title certificate.
5. The lender shall sign the applicable loan contract and guarantee contract with the borrower and the pledger, and go through the formalities of freezing and stopping payment. For the business handled through online banking, online banking will display the loan contract, and the borrower will sign it through the security authentication tool, and the pledge will be automatically frozen by the system. During the pledge period, the pledged lump-sum time deposit will bear interest at the normal deposit interest rate within the term, and the pledged time deposit with interest will bear interest normally within the term, but interest will stop.
The above contents are for your reference. Please refer to the actual business regulations.
If in doubt, please consult the online customer service of China Bank or download and use the mobile banking APP of China Bank to handle related business.