When encountering financial problems, many people will choose to borrow money from banks by pledging certificates of deposit to solve their financial needs. Many people will have questions about this. So, do you check the credit information of pledged loans?

Do you check the credit information of pledged loans?

Pledged loans will check credit information. Pledged loans usually apply to banks, and they will check credit information when banks apply for loans, so they will definitely check credit information when banks apply for pledged loans. If the applicant's credit is overdue for three or six times in two years, it is likely to be rejected directly.

The longest loan term in pledged loans shall not exceed one year or the maturity date of certificates of deposit, and each loan shall not exceed 90% of the pledged value of certificates of deposit, and the maximum shall not exceed 95% of the pledged value.