Self-service Revolving Loan

Self-service revolving loan refers to the type of loan this bank gives to those who meets the credit line, valid in the period, which can be used repeatedly to pay the loan on time through on-line banking, self-service enquiry terminals, to satisfies daily consumption and personal fund turnovers.

A. Who is it for?

This loan is to serve Chinese citizen over 18 years old with full capacity for civil conduct.

B. Percentage, Term and Interest

1.1. Percentage

(1) Percentage and Ratio：

Collateral	Currency	Max. Pledge Ratio
Time deposit in this bank	RMB	90％
Certified Bonds	RMB	90％
Insurance policy	RMB	85％

(2) Personal Property Mortgage

Max. Pledge Ratio

2. Loan Limit:

(1) Pledge and Legal Person Security: RMB 50,000 to RMB 5 million.

(2) Credit line: the credit line for the regular employees of the well-managed enterprises is RMB 200,000 at maximum, not exceeding the total annual salary of the borrower. The credit line for the other customers is 100 million at maximum.

3. Limit for the single loan: minimum is 10,000 and early closure is also RMB 10,000.

4.Period

The credit authorized shall not exceed 3 years. The longest length of maturity shall not exceed one year, the maturity date shall not exceed the expiry date of the limit.

5. Interests

Authorized credit floating interest rate, ratio of additional interest for late payment as well as interest ratio of punishment are determined by the magnitude of the authorized risk involved, purpose of the loan applied and credit status of the client.

The interest rate in execution under the limit is determined by the relevant baseline rate of interest of the loan plus floating interest rate of the authorized credit. The baseline interest rate of the loan takes the one of the same period and same category by the People’s Bank of China as its reference.

C. What needs to be done?

(1) Submit application documents for credit line assessment;

(2) Bank verifies the application and approves;

(3) Sign an agreement of loan limit with the borrower;

(4) Get the loan limit approved;

(5) The loan is released within limit;

(6) Get the loan by pledging;

(7) Repay the principle and interests as agreed;

(8) The contract expires once borrower has repaid the entire loan;

4. Documents to be provided:

(1) Identification of the borrower;

(2) Income statement of the borrower;

(3) Testimonial showing the ownership of the property to be pledged and from other obliges agreeing to the pledge;

(4) Property Evaluation Report;

(5) Relevant documents concerning the guarantor, in a case when the authorized credit is guaranteed by the guarantor;

(6) Testimonial indicating purpose of the loan;

(7) Personal credit records;

(8) Other document or files this bank may need.