M&A loan is the most common loan product in commercial trade. According to the regulations of China Banking Regulatory Commission on M&A loans of commercial banks, the term of M&A loans generally does not exceed 5 years, and the proportion of M&A loans in all sources of funds generated by M&A should not be higher than 50%. The M&A loan period can be extended to 7 years if the enterprise merges and reorganizes to resolve overcapacity. First, moderately extend the term of M&A loan. Because the investment return period of different M&A projects is different, and some M&A projects are more complicated to integrate, which leads to long collaboration time. Therefore, this revision will extend the term of M&A loan from 5 years to 7 years, which is more in line with the actual situation of M&A transactions. Second, moderately increase the proportion of M&A loans. Considering that bank loans are an important financing channel for M&A transactions, under the current rapid development of M&A transactions, in order to meet M&A's financing needs reasonably, this revision will increase the ratio of M&A loans to M&A transaction prices from 50% to 60%.
Legal basis: Interim Measures for the Administration of Personal Loans.
Article 11 An individual loan application shall meet the following conditions: (1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state; (2) The purpose of the loan is clear and legal; (3) The amount, duration and currency of the loan application are reasonable; (4) The borrower has the willingness and ability to repay; (5) The borrower's credit status is good and there is no significant bad credit record; (6) Other conditions required by the lender.
Article 12 The lender shall require the borrower to apply for a personal loan in writing, and require the borrower to provide relevant materials that can prove that it meets the loan conditions.
Article 13 After accepting the borrower's loan application, the lender shall fulfill the obligation of due diligence, investigate and verify the authenticity, accuracy and completeness of the personal loan application content and related information, and form an investigation and evaluation opinion.