Personal pledge loan is a kind of RMB loan business in which the borrower takes certificates of rights such as savings deposit certificates and voucher-type government bonds as collateral to obtain loans from banks and repay the principal and interest of the loans at maturity.

First, the applicant's conditions

China citizens who have a fixed residence in China, have full capacity for civil conduct and meet the following conditions may apply for personal pledge loans.

1. Have a proper occupation and a stable source of income, and have the ability to repay the loan principal and interest on schedule;

2. Being able to provide effective pledge of rights recognized by banks;

3. Abide by laws and regulations, and have no illegal acts and bad credit records;

4. Open a personal settlement account in China Industrial and Commercial Bank, and agree that the bank will deduct the loan principal and interest from its designated personal settlement account;

5. Other conditions stipulated by the bank.

Second, the loan amount

For deposits in pledged loans, the starting point of loan amount is 2000 yuan, and the amount of each loan does not exceed 80% of the denomination of pledged certificates of deposit (foreign currency deposits are converted into RMB according to the buying price of foreign exchange cash announced on the same day), and the maximum loan amount does not exceed 6,543,800 yuan;

If the loan is pledged by voucher-type treasury bonds, the starting point of the loan amount is 5000 yuan, and the amount of each loan does not exceed 90% of the denomination of the pledged treasury bonds.

Third, the loan term.

The longest loan term of personal pledge loan shall not exceed 1 year, and shall not exceed the maturity date of pledged goods;

If multiple certificates of deposit or certificate-based government bonds with different maturities are used as collateral, the loan term shall be determined by the one closest to the maturity date.

Fourth, the loan interest rate.

The loan interest rate is calculated according to the loan interest rate for the same period stipulated by the People's Bank of China. In case of interest rate adjustment during the loan period, it shall be calculated according to the contract interest rate, and interest shall not be calculated by stages. If the loan term is less than 6 months, the interest shall be calculated at the interest rate of 6 months.

Verb (abbreviation for verb) loan process

1. The borrower submits the following information to the bank:

(1) loan application approval form;

(2) my valid identity certificate and a copy;

(3) Effective contact information and telephone number;

(4) If the pledge recognized by the bank is pledged by a third party, it shall also provide the original and photocopy of the valid identity certificate of the third party and the written certificate of consent to pledge;

The scope of collateral includes: savings deposit certificates issued by the borrower or a third party in the bank, voucher-type treasury bonds and registered financial bonds issued in the bank after 1999 (inclusive); Savings certificates (discounted) issued by other local commercial banks that signed the pledge payment guarantee agreement with our bank, and postal savings certificates issued by postal savings institutions that signed the pledge payment guarantee agreement with our bank; Personal counter book-entry treasury bonds sold by banks as agents; Personal life insurance policies that meet certain requirements issued by insurance companies that have signed a pledge agreement with our bank.

(5) Personal settlement account voucher opened in China Industrial and Commercial Bank;

(6) Other information required by the bank.

2. After the bank approves the application materials submitted by the borrower, both parties sign a loan contract and a guarantee contract.

3. The bank issues loans to borrowers through transfer.