For people who are in urgent need of money, but don't want to take out the huge certificates of deposit that have been deposited for many years at current interest, in this case, the owner of the certificates of deposit can apply for a mortgage loan at the bank. However, the situation stipulated by different banks is different, and applicants need to know in advance. So, can bank certificates of deposit be used to mortgage loans?

Can a bank deposit certificate be used as a mortgage loan?

The time deposit certificate can be mortgaged in the bank, and the loan applied after the time deposit certificate is mortgaged is called pledge loan. According to the regulations of the bank, pledge loan refers to the credit business in which the borrower takes the unexpired personal time deposit certificate in local and foreign currencies as pledge, obtains a certain amount of loan from the loan bank, and repays the loan principal and interest on schedule. The applicant can apply for the corresponding loan amount according to the amount of the deposit certificate in the bank. However, certificates of deposit can only be used as collateral within the term of deposit.

What are the advantages of pledged loans?

1. Now most young people have some savings. If they have proof of deposit, they can also apply for a loan from the bank. In this way, you can no longer worry about the difficulty of loan.

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. 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.

It should be noted that the longest loan period of pledged loans does not exceed one year or the maturity date of certificates of deposit. If the loan applicant uses multiple certificates of deposit to mortgage the loan, the shortest certificate of deposit term shall be taken as the term of the pledged loan. In addition, the automatic deposit certificate is determined according to the length of the automatic deposit period. At present, each loan does not exceed 90% of the pledged value of the certificate of deposit, and the highest loan can reach 95% of the pledged value.