In principle, the amount of the pledged loan shall not exceed 90% of the principal of the certificate of deposit (foreign currency deposits shall be calculated by converting them into RMB according to the buying price of foreign exchange (paper money) announced on the same day). Banks can also reasonably determine the loan amount according to the scope of the deposit certificate pledge guarantee, but the deposit certificate amount should cover the loan principal and interest.
Pledged borrower's deposit slip
1, natural persons, legal persons and other organizations with corresponding civil capacity in People's Republic of China (PRC);
2. If the borrower is a foreigner, a stateless person and a resident of Hong Kong, Macao and Taiwan, he shall have lived in People's Republic of China (PRC) for 1 year and have a fixed residence and occupation.
Requirements of Pledged Loan for Collateral
Certificates of deposit that have the right to dispute, have been guaranteed, reported the loss, expired or stopped payment according to law shall not be used as collateral.
Mortgage loan term
The term of the pledged loan shall not exceed the maturity date of the pledged deposit certificate. If multiple certificates of deposit are pledged, the loan term shall be based on the time from the maturity date, except for loans issued by installments.
Expected annualized interest rate of pledged loans
The expected annualized interest rate of pledged loans shall be implemented in accordance with the national regulations on the management of expected annualized interest rates, and the interest bearing and settlement methods shall be determined by both borrowers and borrowers through consultation.