Deposit certificates can be used for loans, don't worry.

The term "pledged loan" as mentioned in these Measures refers to the loan business in which an enterprise obtains a certain amount of loan from a bank with an unexpired time deposit certificate legally held by itself or a third party as pledge, and the principal and interest are repaid by the customer at maturity.

A time deposit certificate refers to the certificate of time deposit rights that the pledger entrusts our bank to apply for a pledged loan from a deposit-taking financial institution according to the account opening certificate. Time deposit certificates can only be used for pledged loans.

Process:

1. Customers apply for loans and submit relevant credit information;

2. Customers, banks, deposit banks and other parties cooperate with each other to complete the procedures of opening, confirming and pledging certificates of deposit;

3. Loans will be issued after approval by the bank;

4. The customer uses the loan as agreed;

5. The customer repays the loan principal and interest as agreed;

6. The bank cancels the pledged deposit certificate and returns the deposit certificate to the customer.

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