In triplicate, one for the borrower, one for the loan bank and one for the guarantor.

A credit contract refers to a monetary loan agreement concluded between a bank as a lender and a citizen or legal person. In China, the People's Bank of China, specialized banks and credit cooperatives handle credit business within their functions and powers according to law. A credit contract shall specify the loan amount, purpose, term, interest rate, settlement method and liability for breach of contract. According to the following principles:

(1) According to the credit plan approved by the state.

(2) Material guarantee (refers to raw materials, materials and other applicable and marketable materials specified in the procurement plan).

(3) Return and pay legal interest on schedule.