RMB loan with revolving amount

RMB loan with revolving amount refers to the RMB loan amount offered by Jiutai Rural Commercial Bank to the borrower. As long as the remaining sum of the outstanding loan principal by the borrower does not excess the loan amount, the borrower may draw funds out of the loan amount in a revolving way.

 

1. Prospective borrowers

Enterprise entities, other economic organizations, individual businesses and natural persons with Chinese nationality.

 

2. Intended use of the loan

To be used in production operation and consumptive expenditure.

 

3. Conditions for loans

(1) Company type

1) Operating according to laws, and being approved by and registered with the industry and commerce administrative authorities (or competent authorities);

2) Holders of “Loan Note” issued by People’s Bank of China;

3) With good credit status and the capacity to repay the loan principal and interest on schedule;

4) Having permanent sites for production operation;

5) The borrowers shall have certain proportion of their self-owned funds;

6) Having opened basic accounts or general deposit accounts with Jiutai Rural Commercial Bank.

 

(2) Individual

1) The borrowers shall have full capacity for civil conduct;

2) The borrowers shall have steady economic incomes with the capacities to repay the loan principal and interest on schedule.

3) Other conditions stipulated by the lender.

4. Loan period

The period of validity of revolving loan amount shall be no longer than 3 years in principle. The period of the amount of a single loan shall not excess one year in principle, but no longer than 3 years.

5. Loan characteristics

One-time application, use in a revolving way, convenient and efficient.

 

Loans assured by guarantee company ( Bank and enterprise connect)

The loans assured by guarantee company is a credit product introduced jointly by Jiutai Rural Commercial Bank , Jiutai City Medium-sized and Small Enterprises Guarantee Co. Ltd., Changchun City Medium-sized and Small Enterprises Guarantee Co. Ltd. and Jilin Province Credit Guaranty Investment Co. Ltd., in order to promote the development of the private economy and medium-sized and small enterprises and to provide financial support to the masses of laid-off workers in Jiutai City.

1. Loan principle

Safe and convenient, flexible and fast.

2. Prospective borrowers

Medium-sized and small enterprise entities, other economic organizations, individual businesses and natural person in Changchun downtown and within Jiutai City limits.

3. Basic conditions for borrowers

(1) The production operating activities engaged by the borrowers must accord with the national laws and regulations and relative industrial policies;

(2) The borrowers in natural person status must have full capability of civil conduct;

(3) The borrowers, such as business entities, other economic organizations and individual businesses, must be holders of “License for Business Entity ” or “Business License” issued by national industrial and commercial administrative departments, “Tax Registration Certificate” issued by tax departments and other valid certificates issued by relative departments;

(4) With good credit status and the capacity to repay the loan principal and interest on schedule;

(5) Having certain proportion of their self-owned funds;

(6) Opening basic or general deposit accounts with Jiutai Rural Commercial Bank;

(7) Business entities or other economic organizations must have permanent sites for production operations, and be holders of “Card of Credit Investigation” issued by People’s Bank of China.

 

Warehouse receipt pledge loan (warehouse and loan connect)

The warehouse receipt pledge loan means that the cargo owner enterprise stores his cargo in a warehouse and apply for a loan from Jiutai Rural Commercial Bank with the warehouse receipt issued by the warehouse. Jiutai Rural Commercial Bank shall offer certain amount of loan in proportion to the value of the cargo, over which the warehouse shall supervise on behalf of the bank.

1. The borrowers shall meet the following conditions:

(1) They must be approved by and registered with industrial and commercial authorities and holders of valid “Card of Credit Investigation” issued by People’s Bank of China;

(2) The commodities distributed by them must within the business scopes described by their business licenses;

(3) Having permanent operating sites;

(4) Having good credit status, with no poor record, with high market occupation rate of a like product or with a favorable prospect;

(5) Having opened basic accounts or general deposit accounts with the lending bank.

2. Use of loan

The loan must be used as operating and working capital and shall not be used for any other purposes.

3. Pledge rate of loan

The loan amount offered by the lender to the borrower shall not exceed 60% of the total price of the cargo described in the warehouse receipt pledge, and the highest shall not exceed 70%. Meanwhile, the borrower must provide a guarantee deposit for commodity price falling by 10% of the loan amount.

4. Period of loan

Being no longer than 6 months, and the longest shall not exceed 9 months.

 

Commercial vehicle loan

The commercial vehicle loan refers to a way of loan in which the automobile dealer who meets the borrowing requirements apply for revolving working capital loan with the commercial vehicles as security guarantees.

1. The borrowers shall meet the following conditions:

(1) Business entities approved by and registered with industrial and commercial administrative departments, holders of valid “Card of Credit Investigation” issued by People’s Bank of China;

(2) Provincial level franchised dealers authorized by automobile manufacturers or dealers having the same qualifications;

(3) Having the qualifications of 4S shop (whole car sales, after service, parts supply, feed back information supply) or being up to the 4S shop standard;

(4) The borrowers who have their self-owned permanent sites for business operation must engage in automobile sales for over 3 years; the borrowers who lease operating sites must engage in automobile sales for over 5 years;

(5) With good credit status and no poor record, the commercial vehicles being distributed have high market occupation rate of a like product and have a favorable prospect;

(6) Having opened basic accounts or general deposit accounts with the loan bank.

 

2. Guaranty style

(1) Security guarantee

The borrowers who use the inventory commercial vehicles as security guarantee, must go through the chattel mortgage registration procedures with the industrial and commercial administrative departments and hand over the “Motor Vehicle Factory Certificate of People’s Republic of China” of the mortgage commercial vehicles to the loan bank for supervision.

This way is suitable only to the borrowers with 4S shop qualifications

(2) Pledge guarantee

The borrowers who use the inventory commercial vehicles as pledges, must hand over the  “Motor Vehicle Factory Certificate of People’s Republic of China” and the car keys of the pledge commercial vehicles to the loan bank for supervision, while handing over the pledges.

This way is suitable only for the borrowers with 4S shop qualifications.

3. Loan period

The longest shall not exceed 6 months.

4. The borrowers shall provide the following documents for loan application:

(1) Duplicates and copies of License for Business Entity, Tax Registration Certificate, Organization Code Certificate;

(2) Copy of and original “Card of Credit Investigation”;

(3) Copy of and original Certificate of Authorization of the automobile dealer;

(4) Balance Sheets, Profit and Loss Sheets and Cash Flow Sheets of the recent 3 years;

(5) List of mortgages (pledges);

(6) Photo of pledges (mortgages);

(7) Other information required by the loan bank.

 

Mortgage loan

Mortgage loan refers mainly to the loan offered on the basis of the full and valid security guarantees provided by the borrower.

 

1. Prospective borrowers:

Business entities, other economic organizations, individual businesses and natural persons with Chinese nationalities.

 

2. Use of loan

To be used in production operation or consumptive expenditures.

 

3. Loan period

Being no longer than 1 year and the longest shall be 3 years.

 

4. Basic conditions of borrowers:

(1) Company type

1) having registered with industrial and commercial administrative departments and being qualified in annual inspections;

2) Having necessary organization, operating management and financial control systems;

3) Having legal permanent sites for business operation, operating lawfully. The product have market and profitable;

4) Holders of “Card of Credit Investigation” issued by People’s Bank of China;

5) With good credit, having the capacity to perform contract and to meet their liabilities, with no poor credit record;

6) Abiding by the national financial laws and regulations and other provisions by the bank;

7) Having opened basic accounts or general accounts with Jiutai Rural Commercial Bank.

(2) Natural person

1) Natural persons being at least 18 years old, with full capacity of civil conduct;

2) Having legal and steady economic incomes and the capacity to repay the loan principal and interest;

3) Observing laws and disciplines with good conduct, being in good personal credit status without poor credit record.

 

5. Guarantee style

The mortgage rate of secured credit shall not exceed 60% in general. As for the loans with commercial buildings as security guarantees, the mortgage rate shall not exceed 70%.