The loan card has been cancelled.

Since December 5, 2014, the People's Bank of China has stopped issuing loan cards and annual reviews. The People's Bank of China has also stopped inspecting whether financial institutions verify borrowers' loan cards when handling credit business. . This move means that the loan card system that has been in operation for more than ten years is officially abolished, and the "loan card" has since withdrawn from the stage of history.

From the introduction of the loan card system to the continuous development of the credit reporting system, it has gone through more than ten or twenty years, and the construction of our country's credit system has also become increasingly perfect. The construction of the enterprise credit information system originated from the loan card system. With the further development of the credit information system, the role of the loan card and the information collected through the loan card is gradually disappearing. It is just the right time for it to withdraw from the stage of history.

Extended information

After the cancellation of loan cards, the Credit Reference Center of the People's Bank of China mainly adopted the institutional credit code system.

Institutional credit code certificates have been gradually promoted and applied in the fields of credit reporting business, credit business, account business, cash business, bill business, foreign exchange business and other fields of the People's Bank of China and banking financial institutions, and will become an important part of the financial system and other It is an important means of identifying institutional customers in the economic field and has become the "economic ID card" of the institution.

In accordance with the regulations of the local People's Bank of China, an institution can apply for an institutional credit code certificate from the People's Bank of China or a banking financial institution that opens a basic deposit account.

When institutions handle business at the People's Bank of China and banking financial institutions, they can obtain more convenient and faster financial services by presenting the institution's credit code certificate.

Reference source: Baidu Encyclopedia-Loan Card

Reference source: People's Bank of China official website-Institutional Credit Code Certificate