Recommended Services

Shangdaitong

2010-11-1

ⅠProduct Profile

Shangdaitong is an all-inclusive financial service product that CMBC offers to the small and medium-sized owners and proprietors for faster fund raising, safer capital management and higher capital efficiency.
Shangdaitong “loans” you a bright financial future with convenient procedure and the availability of revolving use.

Ⅱ Business features:

1. Easy to loan: In order to support your career, our bank puts no cap on borrowed money in principle and extends the term of loan to as long as ten years.

2. Flexible guarantee: 11 kinds of guarantees like mortgage, pledge, promise and joint guarantee etc, depending on real situation.

3. Value-added services: the card holders are members of CMBC Businessman Club and will be given a broad spectrum of exclusive services by our bank.

4. VIP reception: those who receive loans and ensure sound cooperation would have the opportunity to be upgraded into a VIP who is entitled to honorable services.

Ⅲ Qualifying Conditions:

1. You must have full capacity for civil acts. Besides, neither you nor your family members have bad credit record.

2. You own or control an operating entity, like private businesses and minor enterprises etc. The operating entity should not have any bad credit reports.

3. The net of your in-home tangible assets should not be less than RMB50 thousand. Net tangible assets include real estate without loan and automobiles etc.

4.If you are engaged in manufacture or investment(including contract and leasehold), in principle you are required to have over three years’ professional experience and own a fixed sale location where lies our bank and where you have been in continuous operation for at least two years.

5. In principle, you are required to have a permanent residence card or an effective residence card of the location where our bank lies, and a fixed domicile.

6. You should have opened a personal settlement account of CMBC and your operating entity should have had a business settlement account of CMBC.

7. Other conditions set by CMBC.

Ⅳ The amount, term and interest of loan

The loan amount varies with your demand and your guarantee. In case of mortgage, the amount of loan may reach 80% of the mortgage with a term that is capped at 10 years. The interest may be decided in the PBOC-provided range subject to negotiation.

Ⅴ The loan guarantee:

Residential estate, commercial real estate and industrial plant aside, CMBC also recognizes other forms of guarantee. You may choose one or multiple forms of guarantee to increase your line of credit.

1. Natural person joint guarantee

It is a type of guarantee that features an alliance composed of three plus natural persons whereby they provide guarantee to each other.

2. Pledge from market developers (or managers)

Legal person guarantee provided by the market developers (or managers), including but not limited to exploration areas, industry zones, science and technology regions, trade markets and business street.

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