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Personal Pledged Loan

Date: 2016-04-15

Personal Loan Pledged by Time C/D   Loan Pledged by Treasury Bond (T-bond)

Personal Loan Pledged by Time C/D

Definition

Personal loan pledged by time C/D refers to loans that are pledged by unexpired lump-sum time RMB savings certificate of deposit (C/D) issued by Postal Savings Bank of China (“PSBC”) to the borrower (including PSBC Green Card Express, time C/D exported from the time savings passbook) and that require one-off repayment of principal and interests upon maturity, including loan pledged by the borrower’s own C/D and loan pledge by others’ C/D.

Loan pledged by the borrower’s own C/D refers to loans that are pledged by C/D under the name of the borrower.

Loan pledged by others’ C/D refers to loans that are pledged by C/D owned by others.

Applicable Target

Natural persons aged 18 or above with full capacity for civil conducts

Lending Limit

RMB1 million at most for a single loan but not exceeding 90% of the total sum of the pledged C/D

Lending Term

1-12 months, on a monthly basis.

The maturity date of the loan shall not be later than the maturity date of the pledged C/D.

Lending Rate

Lending rate is to be determined based on the benchmark rate for commercial loan set by the People’s Bank of China floating within a certain range.

Repayment Mode

One-off repayment of principal and interests: lending principal and interests are paid off in lump sum upon maturity.

Guarantee

You can use C/D under your name or owned by others as pledge for the loan.

Handling Channel

You can handle the business with the PSBC branch of the C/D locality.

Time Limit

Fast handling: funds withdrawal on the same day is possible at the soonest. Please contact the local PSBC branch for particulars.

Handling Procedure

File an application → review and approve → sign the contract → extend the loan

Application Materials

Materials required for loans pledged by the borrower’s own C/D:

1. Application Form for Personal Loan Pledged by Time C/D;

2. Original and copy of your valid identity certificate;

3. C/D under your name;

4. Other materials needed for getting a loan.

Materials required for loans pledged by others’ C/D:

1. Application Form for Personal Loan Pledged by Time C/D;

2. Original and copy of your valid identity certificate;

3. Originals and copies of valid identity certificates of the C/D owners or co-owners;

4. C/D owned by others;

5. Other materials needed for getting a loan.

Service Features

Convenience, quickness, fast loan review and approval process, and funds withdrawal the same day possible at the soonest

“Sunshine Credit”: no any other surcharges except for lending interests.

Tips

If you want to apply for a loan pledged by others, you need to go along with the owner of the C/D, taking originals and copies of both your ID cards, to the local PSBC branch for handling the business.

Information above is only for your reference. In case of any change, please refer to our local branch for details. To save your time, please contact the local PSBC branch for particulars before you go through relevant formalities.

 

Loan Pledged by Treasury Bond (T-bond)

Specification

Loan pledged by T-bond refers to loans that Postal Savings Bank of China (“PSBC”) extends to the borrower against the pledge of unexpired savings bonds or certificate T-bond held by the borrower with PSBC.

Applicable Target

Natural persons aged 18-60 with full capacity for civil conducts

Lending Limit

RMB5 million at most for a single loan, but not exceeding 90% of the total outstanding sum of all the pledged T-bonds

Lending Term

1-12 months, on a monthly basis; the maturity date of the loan shall be at least 40 days earlier than the maturity date of the pledged T-bond.

Lending Rate

Lending rate is to be determined based on the benchmark rate for commercial loan set by the People’s Bank of China floating within a certain range. 

Repayment Mode

One-off repayment of principal and interests: lending principal and interests are paid off in lump sum upon maturity.

Guarantee

You can use T-bonds under your name as pledge.

Handling Channel

You can handle the business with any PSBC branch of the province, autonomous region or municipality directly under the central government where the T-bonds are purchased.

Time Limit

Fast handling: funds can be withdrawn the same day at the soonest. Please contact the local PSBC branch for particulars.

Handling Procedure

File an application → review and approve → sign the contract → extend the loan

Application Materials

1. Application Form for Loan Pledge by T-bond

2. Original and copy of your valid identity certificate;

3. Original and copy of the name-bearing passbook or Green Card that was issued when you opened the wealth management account with PSBC;

4. Other materials needed for getting a loan.

Service Features

Convenience, quickness, fast loan review and approval process, and funds withdrawal the same day possible at the soonest

“Sunshine Credit”: no any other surcharges except for lending interests.

Tips

Information above is only for your reference. In case of any change, please refer to our local branch for details. To save your time, please contact the local PSBC branch for particulars before you go through relevant formalities.