If the borrower's loan amount is large, the lending institution will require the lender to provide a loan guarantor. What needs to be understood is that this loan guarantor and loan contact person are different.
Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.
Banks put concentrated money and monetary funds out through loans, which can meet the needs of expanding social reproduction and promoting economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
Basic loan terms
Loan target: China citizens who have reached the age of 18 to 60 and have full capacity for civil conduct.
Loan amount: After the borrower provides the pledge, mortgage and third-party guarantee approved by CCB or with certain credit qualification, the bank will verify the corresponding pledge amount, mortgage amount, guarantee amount or credit amount of the borrower.
The pledge amount shall not exceed 90% of the face value of the pledge right certificate provided by the borrower; The mortgage amount shall not exceed 70% of the assessed value of the collateral; The credit line and guarantee line are determined according to the borrower's credit rating.
Guarantee method: mortgage, pledge, third-party guarantee or credit granted by CCB.
Application materials to be provided:
(1) A written document in which the guarantor agrees to provide the required guarantee for the borrower to obtain the guarantee amount.
(2) the guarantor's credit certification materials.
(3) Collateral appraisal report issued by the appraisal department recognized by the society.
(4) Other documents and materials required by CCB.
(5) Original and photocopy of the borrower's valid identity certificate.
(6) local permanent residence or valid residence identity certificate.
(7) The borrower shall produce the income certificate issued by the employer, the borrower's tax bill and insurance policy.
(8) The pledge rights required for the borrower to obtain the pledge and the amount of mortgage, the list of collateral and the ownership certificate, and the written documents of the owner and the property co-owner agreeing to pledge and mortgage.
(9) The borrower also needs to provide the hydropower property bill where the company is located and the hydropower property bill with personal address.