Definition:
A secured RMB loan released to small private business owners for production, services or business purposes. Small enterprises are limited companies wholly-owned, joint partnered or holding by natural persons registered under the approval of Administration of Industry and Commerce and classified as small enterprises under Interim Measures of Small-and-Medium Enterprises (No. 143 SME (2003),of State Administration of Economic and Commerce).
Features:
1. Long loan term: maximum 5 years
2. Meet funding needs: High credit lines, depending on the credibility of the owners, guarantee produced and the business of the enterprises.
Applicable Clients:
Owners of private enterprises registered under the approval of Administration of Industry and Commerce, with full civil capacity, have permanent address in China, permanent residence in local city/town (or proof of residence).
Currency and Term:
Loan is released in RMB. Maximum term is 5 years.
Product Price:
Loan rate follows the PBC's rate and floating margin of the same term same class.
Service Channels:
Hua Xia outlets offer loan services in consultancy, application, release and repayment. Customer Service Center offers services in consultancy, checking the account and SMS Alert when loan is due. Internet Banking offers services in consultancy and checking account.
Application Documents:
Document to verify the identity of the borrower; proof of showing the current address; Business License for private enterprise, Tax Registration Certificate, Body Corporate Code Certificate; proof of tax payment (or loan card); last year's audited financial report; pledge for guarantee, ID of the pledger, Pledge Authorization Letter and written consent if pledged under the third party's rights; use of the house as collateral to apply for loan must surrender at least two sets of Property Rights Certificate and written consent from the co-owner; use of the third party's real estate as collateral must surrender ID of the owner, Mortgage Authorization Letter and written consent from the owner; use of the joint property of the borrower or third party as collateral must surrender the written consent from all owners and the mortgage contract signed by all parties; sales and purchase contract or invoices to verify the business; other documentations stipulated by Hua Xia Bank.
Service Flows:
1. Applicant submits an application for loan together with documents required.
2. Once approved, the borrower, guarantor and Hua Xia Bank sign loan contract and guarantee contract.
3. Loan will be released to the borrower's savings passbook or Hua Xia card once every detail is confirmed.
4. Borrower repays the principal and interest of the loan as scheduled.
5. Cancel the collateral/pledge once the loan is settled in full.
Important Information:
1. This type of loan only accepts pledge and mortgage as guarantee. Pledge is limited to the borrower or third party's Hua Xia savings passbook (time deposit in the passbook/card), personal finance products, certificate treasury, non-bearer bond and certificate of deposit, certificate treasury, non-bearer bond issued by other local financial institutions recognized by Hua Xia Bank. Collateral can only be the housing property of the borrower or the third party (or jointly owned) and not yet mortgaged.
2. If borrower is in breach of contract, Hua Xia Bank reserves the right to recall or stopthe loan, prosecute borrower on the breach, dispose the collateral/pledge to repay the principal and interest of the loan, penalty interest and liquidated damages.
3. Borrower is responsible for the appraisal, insurance, notary and registration of the collateral/pledge.
Definition:
A secured RMB loan released to self-employed for business purpose.
Loan goes up to 95% of the pledge's face value in RMB. Maximum 90% credit for loan using pledge in foreign currency, converted to RMB at the official (State Administration of Foreign Exchange) FX TT (cash) buy rate of the day. Loan under other pledges goes up to 90% of the pledge's face value. Loan under mortgaged house is maximum 70% of the appraised value, 50% of the appraised value in the case of commercial complexes, villas and high-class apartments.
Features:
1. Focus: Tailored for individual self-employed to meet their funding needs.
2. Diversified guarantee: Under pledge or collateral.
3. Flexible repayment: Different options available.
Applicable Clients:
Natural persons with full civil capacity, have permanent address in China, permanent residence in the local city/town or other proof of residence, the ability to produce full guarantee, have the permanent business location and hold Business License issued by the Administration of Industry and Commerce to self-employed.
Currency and Term:
Loan is released in RMB. Maximum term is 3 years.
Product Price:
Loan rate follows the PBC's rate and floating margin of the same term same class.
Service Channels:
Hua Xia outlets offer loan services in consultancy, application, release and repayment. Customer Service Center offers services in consultancy, checking the account and SMS Alert when loan is due. Internet Banking offers services in consultancy and checking account.
Application Documents:
Document to verify the identity of the borrower; proof of showing current address (Permanent Residence Booklet or utility (water, electricity, gas) bills issued recently); proof of marital status, Business License for self-employed, Tax Registration Certificate, business qualification issued by Health Department and Public Security Department; proof of payment for recent tax, industry and commerce fee (last two periods): sales and purchase contract or invoices to verify the business, ownership proof of collateral/pledge and written consent from the owner with disposal rights and the co-owner to mortgage or pledge.
Service Flows:
1. Applicant submits an application for loan together with documents required.
2. Once approved, the borrower, guarantor and Hua Xia Bank sign the loan contract and guarantee contract.
3. Loan will be released to the borrower's savings passbook or Hua Xia card once every detail is confirmed.
4. Borrower repays the principal and interest of loan as scheduled.
5. Cancel the collateral/pledge once the loan is settled in full.
Important Information:
1. This type of loan only accepts pledge and mortgage as guarantee. Pledge is limited to the borrower or the third party's Hua Xia savings passbook (time deposit in the passbook/card), personal finance products, certificate treasury, non-bearer bond and certificate of deposit, certificate treasury, non-bearer bond issued by other local financial institutions recognized by Hua Xia Bank. Collateral can only be the housing property of the borrower or the third party (or jointly owned) and not yet mortgaged.
2. If the borrower is in breach of contract, Hua Xia Bank reserves the right to recall or stopthe loan, prosecute borrower on the breach, dispose the collateral/pledge to repay the principal and interest of the loan, penalty interest and liquidated damages.
3. Borrower is responsible for the appraisal, insurance, notary and registration of the collateral/pledge.
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