Introduction
The Guarantee Loan is a loan issued by Hua Xia Bank to the borrower according to regulations of the Guarantee Law of the People's Republic of China. The borrower offers pledge accepted by Hua Xia Bank to back the loan.

Category
By the means of pledge, this product can be classified as guarantee, mortgage and pledged loans.

1. Guarantee Loan: a loan issued under premises where the third party undertakes joint liability for loan repayment as promised, if the borrower fails to repay loans, according to the means of guarantee as per the Guarantee Law of the People's Republic of China.
2. Mortgage Loan: a loan issued on mortgage according to the Guarantee Law of the People's Republic of China where the borrower or the third party secures the property for the loan issue.
3. Pledged Loan: a loan issued on mortgage according to the Guarantee Law of the People's Republic of China where the borrower or the third party pledges the mobile property or rights for the loan issue.

By the tenor, this product can be classified as short-term, mid-term loan, and long-term loans. The means of classification is the same as Credit Loan. 

Functions and Features
It meets the regular and reasonable funding needs of the customer during production and operation through credit facilities.

Target Clients
Any corporate and other economic organizations activities eligible for loans according to the General Provisions of Loans of the People's Bank of China and credit regulations of Hua Xia Bank.

Currency and Tenor
The currency can be in home and foreign currencies. The loan tenor is negotiated by and between the borrower and lender according to the borrower's production cycle, repayment capacity, project evaluation, and Hua Xia Bank's financial capacity,etc. The maximum tenor is 7 years.

Interest Rate 
The loan interest rate is specified as per the benchmark interest rate and spread regulated by the People's Bank of China and should be explicitly stated in the contract.

Application Materials
1) Credit application; 
2) Basic conditions of the borrower and guarantor (warrantor, mortgagor, and pledger), 
3) Qualification documents, loan certificate (card), letter of authorization; 
3) Financial statements of the most recent period and for the recent three years of the borrower and guarantor (warrantor, mortgagor, and pledger), audited or verified by accredited institutions;
4) Board resolutions of the borrower and guarantor (warrantor, mortgagor, and pledger) and approvals from the superior institution; 
5) Project proposal, feasibility study report, and approvals from the empowered authorities; 
6) Guarantor's credit guarantee commitment letter or the title certificate of mortgage and pledged properties; 
7) Fund usage plan and statement for source of fund for repayment; 
8) Business contract relating to loan usage; 
9) Other documents required by Hua Xia Bank.