The principle of borrowing new loans and repaying old ones is:

(a) by borrowing the new and returning the old, you can recover part of the loan principal or interest, and the effectiveness of the loan guarantee is not lower than the original guarantee.

(2) Borrowing the new and returning the old is beneficial to the loan security and the borrower's repayment plan. Borrowing the new and returning the old can improve the legal defects in the original loan contract or guarantee contract, or convert credit loans into secured loans, or further enhance the reliability of guarantees;

(3) The security right and mortgage right will not be lost or weakened after the loan is borrowed and repaid, but the loan guarantee or priority right will be lost by other means;

(4) After the borrower changes, the loan risk is obviously reduced;

(five) other circumstances that can reduce the risk of loans by borrowing new ones and returning old ones.

Article 6 If it is necessary to apply for repayment under the above circumstances, the following conditions must be met at the same time:

(1) Investing in industries that conform to the national industrial policies and key support;

(2) The borrower's production and operation are normal, and there are no substantial and irreversible changes that are not conducive to loan repayment;

(3) The borrower operates steadily, and the operating cash flow is sufficient as the repayment source;

(4) There is no malicious default of interest or misappropriation of loans within the original loan term;

(5) Strengthen the guarantee measures, and the effectiveness of the loan guarantee is not lower than the original guarantee.