1.1 [Commercial Financing e]

The individual production and business loan granted by Jiutai Rural Commercial Bank to small business owners and individual businesses.

1.1.1 [Introduction of Commercial Financing e ]

The clients provide the bank with the mortgages (such as housing property) or pledges (such as deposit receipt) accepted by the bank, the bank provides the clients with lines of credit which can be used in a revolving way within certain periods for production and business, which the clients may withdraw money through network loan platform by self-service whenever they need the money.

[Prospect borrower]: individual businesses and private business owners with full capacity of civil conduct, holders of valid and effective identification papers, with good credit status, with steady incomes sources and the capabilities to repay principal with interest, being able to provide the mortgages/pledges accepted by the bank.

[Range of limit ]:  the mortgage limit shall not exceed 60% of the collateral value, the pledge limit shall not exceed 70% of the collateral security value, the upper limit shall be 3 million Yuan.

[Range of interest rate (annual interest)]: 5.1% - 9.18%

[Type of interest rate]: fixed interest rate.

[Period of credit extension]: the longest period shall be 3 years.

[Loan period]: the longest period shall be 1 year for single loan.

[Pattern of lending]: guaranty, mortgage, pledge.

[Use of loan]: production and business, working capital.

[Mode of repayment]: average principal, average principal with interest, monthly interest settlement and repayment of principal at maturity.

[Guaranty type]: mortgage, pledge, surety bond.

[Manner of payment]: direct payment by borrowers shall be allowed within 500,000 Yuan and it must be entrusted to pay over 500,000 Yuan.

[Interest penalty on overdue\embezzling loans]: the interest penalty on overdue credit shall cause the original loan interest to rise by 50%; the penalty interest on embezzlement of loan shall cause the original loan interest to rise by 100%.

1.1.2 [Product feature]: to borrow and repay at will, with simple procedures and flexible usages

To borrow and repay at will: to get a lone with ease and to repay at will. When you have abundance of capital, you can prepay the loan to reduce interest; when you are in need of fund, you can get the loan in time, to get rid of your worries in turnover of capital;

(1) Simple procedures: you need only to be accredited one time and need not trouble yourself with the tedious house mortgage procedures whenever you need money in the future, to save you cost of funds and time;

(2) Flexible in use:  to get a loan both through bank counter and network loan platform.

1.1.3 [Admittance conditions]

The following holders of unincorporated business license issued by industrial and commercial administration department:

a. Individual business owner.

b. Individual partnership business owner.

c. Individual business establishment owner.

d. The small enterprises in the form of limited liability company fall into the scope of small enterprise loan.

1.1.4 [Application document]

Application form of individual line of credit;

(1) Identification papers, residence certifications and marital status certifications of the borrower and his couple;

(2) Mortgage or pledge information, such as real estate certificates and deposit receipts. As for the mortgages and pledges of other person’s assets, the identification papers, residence certifications and marital status certifications of the owners shall be provided;

(3) Other information required by the bank. 

1.1.5. [Processing Manual]

(1) Loan application: the borrower shall apply to the loan handling branches with the above-mentioned application documents.

(2) Credit approval:  the bank shall make investigations on the guarantee and credit of the borrower to ratify the application according regulated procedures, the result of which shall notify the borrower.

(3) contract signing: after the borrower’s application is approved, the bank shall sign the loan contract with the borrower and guarantor to go the mortgage registration procedures.

(4) Loan issuance: the borrower may apply the bank to issue the loan over the counter or through the network loan platform by self-service.