1. How to use the certificate of deposit loan?
In Hengyang, many financial institutions can go directly to the bank counter or submit loan applications online.
If the lending bank is a deposit bank, the process is relatively simple. If it is not the same bank, the three parties need to cooperate to complete the procedures of opening, confirming and pledging time deposit certificates.
The bank will conduct examination and approval, and determine the loan amount according to the term and amount of the certificate of deposit, the basic situation of the enterprise and the credit.
When issuing loans, the enterprise shall repay the loan principal and interest as agreed.
After the maturity, it will be fully settled, and the bank will release the pledged deposit certificate and return it to the enterprise.
2. How much can I borrow from a pledge loan?
Compared with mortgage loan, the amount of deposit certificate loan will be higher. As long as the certificate of deposit meets the bank loan conditions, the loan amount generally does not exceed 90% of the denomination of the certificate of deposit.
The pledge rate of each bank is different, so there will be some differences. For this very concerned enterprise, we can compare it with several banks. Some banks have a quota of 80% of the face value of certificates of deposit, while others have a quota of 90%.
If there are multiple certificates of deposit under the name of the enterprise, you can combine the loans, but pay attention to the term. Generally speaking, the maturity date cannot be exceeded, and the loan term is determined by the certificate of deposit from the maturity date.