Pledged loan refers to the loan issued by the lender with the movable property or rights of the borrower or a third party as collateral according to the pledge method stipulated in the Guarantee Law. Pledges include treasury bonds (unless otherwise stipulated by the state), national key construction bonds, financial bonds, AAA corporate bonds, savings certificates and other securities. The pledgor shall deliver the title certificate to the lender. The pledge contract shall take effect from the date of delivery of the certificate of rights. If the personal savings deposit certificate is pledged, the identity certificate of the bank where the account is opened and the proof of stopping payment shall be provided.
If the loan cannot be repaid on time, the lender has the right to dispose of the pledge, including treasury bonds, national key construction bonds, financial bonds, AAA corporate bonds, savings certificates and other securities.
1. Advantages of pledged loans:
1) Although young people now own a small number of houses, most of them have some savings. For young people who don't have a car or a house, they don't have to worry about loan difficulties. If you have proof of deposit, you can also apply for a loan from the bank.
2) The amount of pledged loans is high. The average individual's pledge loan amount starts from 65,438+0,000 yuan, but the maximum amount that can be obtained is 90% of the face value of the certificate of deposit. In other words, if the applicant has a certificate of deposit of 65,438+10,000 yuan, the maximum loan can be 90,000 yuan.
3) Strong flexibility. People often ask, since I have a deposit, why should I apply for a loan and bear the interest expenses? The term of pledged loans generally does not exceed one year. This kind of loan is only to solve the temporary cash flow problem. Although you have a large deposit certificate in hand, but the deposit period is very long and the number of years is over half, and the required funds are not too much, then you can choose the way of pledge loan.
4) Of course, pledged loans also have their drawbacks. The term of pledge loan is short, generally speaking, it can't exceed one year, and it can't exceed the maturity date of the certificate of deposit, which is more suitable for people who have short-term liquidity needs for money.