Credit Card Service:400-88-95580  |  Call Center:95580  |  简体中文   |   繁体中文

Personal Business Loans

Date: 2016-03-21

Product Name

Definition

Major Elements

Target Customers

Real estate mortgaged personal business loan

A kind of personal business loan extended to natural persons for own legal productive and operational activities, and mainly guaranteed by property or right to use state-owned construction land under the name of such natural persons.

(1) Maximum credit line: RMB10 million

Specific small and micro enterprise customers: small and micro enterprise customers located in a specific market or business circle

(2) Longest credit term: The drawdown period of credit line is five years; the longest term of a single loan is five years.  

(3) Guarantee type: real estate mortgage.

“Quick Loan” for small enterprise owners

A small-amount quick revolving credit facility directly extended to small and micro enterprise owners, privately owned business owners and natural persons that meet our access criteria, on the condition that effective guarantee type such as mortgage/pledge and guarantee warranty are provided, without necessity of providing financial statements, tax payment vouchers etc., for the purpose of funding own production and operation.

(1) Credit line: no more than RMB1.5 million in general, up to RMB3 million.  

(2) Credit term: line-based credit facility for revolving uses, which is borrowed and repaid freely. The drawdown period of credit line is five years, and the longest term of a single loan is five years.

Successful or prudent small and micro enterprise owners and privately-owned business owners with a certain amount of assets accumulated, financing demands and the ability to provide properties as mortgage

(3) Guarantee type: mortgage on traditional properties such as residential house, commercial property, industrial premises and right to use state-owned construction land, or realizable traditional collaterals such as C/D, T-bonds and banker’s bill, or guarantee provided by guarantee companies.                   

Personal business loan with combined guarantees

A kind of RMB loan designed to satisfy small and micro enterprises’ funding demands for their production and operation and guaranteed by a combination of mortgage on properties or right to use state-owned construction land and joint liability guarantee provided by a third-party guarantor or financing guarantee institution accepted by the Bank.

(1) Credit line: RMB2 million

All small and micro enterprise customers

(2) Credit term: line-based credit facility. The drawdown period of credit line is three years at most, and the longest term of a single loan within the line is 12 months.

(3) Guarantee type: a combination of “real estate mortgage + joint liability guarantee by third-party guarantor” or “real estate mortgage + joint liability guarantee by financing guarantee institution”.

Personal business loan mortgaged with the right to use sea areas

A kind of RMB loan extended to natural persons for bottom sowing and cultivation of sea cucumbers and mainly guaranteed with the right to use sea areas.

(1) Credit line: no more than RMB2 million.

Specific small and micro enterprise customers: small and micro enterprise customers engaged in sea farming.  

(2) Credit term: 36 months at most.

(3) Guarantee type: mortgaged with the right to use sea areas.

Personal commercial vehicle mortgaged loan

A kind of RMB loan extended to natural persons that meet our requirements exclusively for purchasing commercial vehicles.

(1) Credit line: no more than RMB10 million.

Specific small and micro enterprise customers: small and micro enterprise customers who’ve bought vehicles for commercial purposes from our cooperative dealers

(2) Credit term: The lending term is no longer than four years in principle. In case the price of a single vehicle is higher than RMB5 million (inclusive), the lending term can be extended to five years. 

(3) Guarantee type: mortgaged with vehicle + margin deposit of cooperative dealer + guarantee and buy-back by cooperative dealer.

Small hydro asset mortgaged personal business loan  

A secured RMB loan for which the loan applicant (natural person) applies to the Bank for its normal production and operation with the mortgage on small hydropower assets (including housing properties and other buildings, machinery, equipment etc., the same below) as a whole under the name of the enterprises run by the lender, spouse or the loan applicant as well as with the pledge of proceeds from hydropower bills (on the condition that this can be registered with the local branch of Credit Reference Center of the People’s Bank of China, the same below).

(1) Credit line: no more than RMB10 million (inclusive) for a single loan.

Small and micro enterprise customers specializing in small hydro operation

(2) Credit term: The drawdown period of credit line is no more than five years; the longest term of a single loan is ten years.  

(3) Guarantee type: mortgaged with entire small hydro assets  and pledged with proceeds from hydropower bills

Personal business loan guaranteed by guarantee company

A local & foreign-currency loan extended to natural persons meeting our access criteria for funding their production and operation and secured by the guarantee provided by guarantee companies accepted by the Bank.

(1) Credit line: no more than RMB5 million.      

All small and micro enterprise customers

(2) Credit term: one year at most for a single loan, unless otherwise approved by the Head Office.

(3) Guarantee type: The loan is mainly secured by the guarantee provided by guarantee companies. In case the guarantee company doesn’t provide full-amount guarantee, margin deposit pledge or real estate mortgage shall be provided additionally.                  

Additional Loan

A kind of short-term RMB loan extended to existing personal business loan borrowers meeting credit conditions for funding their legal productive and operative activities. To enhance constraints on the borrower, the borrower shall pay margin deposit at a certain proportion of the lending amount or provide a guarantor meeting the Bank’s access criteria.

(1) Credit line: RMB3 million. 

Specific small and micro enterprise customers: existing real estate mortgage customers

(2) Credit term: On the basis of single credit extension,  the longest lending term is one year.

(3) Guarantee type: Additional Loan is unsecured or on guarantee. To enhance constraints on the borrower, the Bank requires the borrower to pay margin deposit at a certain proportion of the lending amount as pledge prior to granting the loan; or the borrower shall provide at least one guarantor meeting the Bank’s access criteria.

Commercial passenger vehicle mortgaged personal business loan  

A kind of business loan under cooperation between Postal Savings Bank ofChinaand its partners. The partner provides guarantee, while the Bank extends the loan to natural persons meeting its lending conditions for purchasing passenger vehicle and with the vehicle as mortgage.

The lending amount to a single borrower shall not exceed RMB3 million. The longest lending term shall not exceed 36 months (inclusive). The lower limit on lending rate is the benchmark interest rate for same-level and same-term loans published by the People’s Bank of China plus 20%. Single loans can be repaid in the form of one-off repayment of principal and interests, monthly equal-amount repayment of principal and interests or phased equal-amount repayment of principal and interests. One-off repayment of principal and interests is only applicable to loans of less than six months (inclusive). The grace period of phased equal-amount repayment of principal and interests is six months at most.

Specific small and micro enterprise customers: small and micro enterprise customers running commercial passenger vehicles 

Personal business loan mortgaged with inland transport vessel

A kind of RMB loan extended to natural persons and mainly guaranteed by mortgage of inland transport vessels.

(1) Credit line: Total credit amount to a single loan applicant and his/her spouse shall not exceed RMB5 million. In case total credit to a loan applicant and his/her spouse exceeds the upper limit of RMB5 million, it shall be authorized or approved by the Head Office before the business is accepted.

Specific small and micro enterprise customers: small and micro enterprise customers engaged in inland water transportation

(2) Credit term: The drawdown period of credit line is 24 months at most. The longest lending term within credit line is 24 months. The validity of credit line (the drawdown period of credit line plus the longest lending term within credit line) shall not exceed 36 months.

(3) Guarantee type: Inland transport vessel mortgaged loan is mainly guaranteed by mortgage of inland transport vessels owned or jointly owned by the borrower or/and his/her spouse, and when necessary, by other additional guarantees meeting the Bank’s requirements such as guarantee warranty or real estate mortgage

Fishing vessel mortgaged personal business loan  

A kind of RMB loan extended to natural persons for fishing-related production and operation, and mainly guaranteed by mortgage of fishing vessels.

The amount shall not exceed RMB5 million, and the validity shall not be longer than 60 months. The loan is priced according to risks. Repayment modes include: one-off repayment of principal and interests, monthly equal-amount repayment of principal and interest, quarterly equal-amount repayment of principal and interest, and phased equal-amount repayment of principal and interest. It is mainly guaranteed by mortgage on fishing vessels made of steel, and when necessary, additional guarantee provided by natural persons.

Specific small and micro enterprise customers: small and micro enterprise customers engaged in marine fishing

Forest right mortgaged personal business loan

A kind of RMB loan extended  to natural persons for legal production and operation of the borrower, and mainly guaranteed by mortgage of right to use forests, woods and timberlands owned by or at the legal disposal of the mortgager (collectively referred to as “forest right” herein).

(1) Credit line: Total credit amount extended to a single applicant and his/her spouse shall not exceed RMB2 million. 

All small and micro enterprise customers

(2) Credit term: The drawdown period of credit line is 24 months at most. The longest lending term within credit line is 24 months (The longest lending term is 18 months in case of mortgage of bamboo forest). The validity of credit line (the drawdown period of credit line plus the longest lending term within credit line) shall not exceed 36 months.

(3) Guarantee type: Forest right mortgaged loan is mainly guaranteed by mortgage of foreign right. Additional guarantor may be required when necessary.