Can the bank deposit certificate be mortgaged?
No, banks can handle large deposit pledge loans, but they cannot handle mortgage loans. Take the certificate of deposit of China Construction Bank as an example. Personal "fast pledge loan" business is a full-process online self-service pledge loan provided by CCB customers. With the loan, you can apply for the pledge of time deposits, certificates of deposit, wealth management products, personal life insurance policies and other financial assets in your own name. You can pay for shopping on some e-commerce websites, swipe your card with a contracted debit card POS, and pay independently by online banking/mobile banking.
What's the difference between pledge loan and mortgage loan?
1. Mortgage loans and pledged loans provide different collateral. Mortgaged collateral is generally real estate, such as real estate and land. Pledged loans generally refer to movable property, such as bonds purchased by yourself with certificates of deposit, and other equipment of the company can also apply for pledged loans.
2. Mortgage loan and pledge loan have different forms of possession. Mortgage loan will not transfer the form of possession of the collateral, and the collateral will still be kept by the mortgagor and can also be used. The pledged loan has changed the form of possession of the pledged property, and the pledged property will be kept by the pledgee. For example, we mortgaged our own property, but this property is still kept by us. If the certificate of deposit is used to handle the pledged loan, it will be kept by the creditor.
3. Collateral and pledge have different effects. The collateral provided by mortgage loan only has simple guarantee effect, and the pledge of mortgage loan can be dominated by the pledgee and can also reflect the lien effect.
4. The right to dispose of mortgage loans and pledged loans is different. If the debtor has insufficient repayment ability to repay the debt. The creditor has no direct right to dispose of the collateral, and needs to negotiate with the mortgagor, and then determine the disposition method of the collateral through court judgment. The disposal of pledged property does not require the pledgee's consultation or the court's judgment. After the time stipulated in the contract, the creditor may dispose of the pledged property by himself.
The above are some contents of mortgage loan, I hope I can help you.