Definition of product:

Inventory mortgage loan refers to the borrower takes the finished product holding in case to sell in the daily activities of the enterprise or the commodity as the mortgage guarantee, applies for turnover working capital loan for using in the daily operation to our bank.

Suitable object:

Production configuration, trading enterprise of having fixed profit model, the market occupancy of selling product is higher, everyday (or seasonal) inventory ratio is high, without a large number of workshop and fixed assets which could be used for mortgage.

The basic conditions of the borrower:

    1. Legal person of enterprise, individual business and other economic organizations checked and approved and registered by the industry and commerce administration authorities;

2. Business scope is to take commerce circulation, wholesale business as main;

3. Operating or promoting products takes a large amount, raw material in common use, fundamentality producer goods, durable consumer goods which the unit price is higher as main, and within the business scope of determinate in the industry and commerce business license;

4. The market occupancy of selling product is higher, the price is relatively steady, easy for realization and transfer, cash flow is greater;

5. To open basic deposit account ,general deposit account at the loan bank;

6. Having no great bad credit record since set-up, major operator, morality of the shareholder, reputation are all better;

7. The other conditions regulated by our bank.

Possessing conditions of the inventory:

    1. Ownership is clearness, legal, not to be sealed up, distained, supervised according to law, not existing the situation of dispute, mortgage, pledge, lawsuit (arbitration) and so on;

2. Loan, taxes and dues has already paid up during the mortgage duration;

3. Short-term inventory of normal operation turnover, having better capacity of circulation and realization;

4. Having grown trade market, having unobstructed marketing channel, market price is easy to determine, price change section could be forecasted reasonably;

5. Quality is steady, convenient for storage and custody, visible and invisible depreciation all could be forecasted reasonably.

Loan interest rate:

According to the related regulations of RMB Loan Interest Rate Pricing Management Method of Jilin Jiutai Rural Commercial Bank to carry out.

Loan period:

Loan period is not exceeded 1 year (including), and before 6 months (including) in the period of validity or using period.

Loan limit:

To determine by the value of the warehouse warrant, mortgage rate is not higher than 60% in principle, the highest is not exceeded 70%.

Intended use of the loan:

    Mainly used for raw material purchasing, short-term production working capital shortage of enterprise as well as operational temporary shortage of funds.