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Personal Banking > Loan Services > Personal Small Pledge Loan
Personal-Small-Pledge-Loan

Small Pledge Loan under Personal Time Deposit

Definition: 
A loan released to Hua Xia customers supported by undue certificate of time deposit as pledge, repaid when matured. 
Maximum credit line is 95% of the pledged RMB CD. Maximum 90% 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.

Features: 
1. Simple to apply whenever needed: Once compliant certificate of time deposit and documents verifying the identity are submitted, the loan will be released once approved. 
2. Use the deposit wisely: In a way solve the immediate funding needs first without early withdrawal, yet secure former high return from the time deposit.

Applicable Clients:
Chinese residents with full civil capacity and the ability to produce the qualified certificate of deposit and valid ID documents.

Currency and Term:
Loan is released in RMB. Maximum term is one year and not later than the maturity date of the Certificate of Deposit (CD). CD with the nearest maturity date will be taken as the loan term in case of many CD are pledged.

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 the account.

Application Documents:
Borrower's certificate of deposit; document to verify the identity; seal and password of the CD; proof of loan purpose.

Service Flows: 
1. Borrower fills in the application form at Hua Xia outlet together with the Hua Xia certificate of time deposit and the valid ID document.
2. Once approved, the customer signs the contract with Hua Xia Bank. Loan will be released to the borrower's savings passbook or Hua Xia card.
3. Customer repays the loan as scheduled.
4. Collect the pledged CD using custody receipt after the loan is cleared.

Important Information:
1. Certificate of Deposit used for pledge is limited to the undue CD of time deposit, interest drawing deposit or FX time deposit. No pledge loan can be applied under the CD of time deposit of small savings for lump-sum withdrawal or time deposit of lump-sum for small withdrawal. No interest payment for interest drawing deposit if being pledged for the loan.
2. Borrower cannot report loss of the CD during pledge period.
3. Loan not repaid less than a month (inclusive) will have penalty interest charged according to PBC's rules. Hua Xia Bank reserves the rights to dispose the pledged CD to repay the principal and interest of the loan if remained un-repaid for more than a month.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.

Pledge Loan under Personal Certificate Treasury

Definition:
A loan released to the individual borrowers supported by the undue certificate treasury as pledge, repaid when matured. Certificate Treasury referred here should be issued by Ministry of Finance after 1999 (inclusive) and sold by all Hua Xia outlets issued with "Receipt - Peoples' Republic of China Certificate Treasury", excluding the certificate treasury issued before 1999.
Loan starts at RMB 5000, maximum credit: 90% of the treasury's face value.

Features: 
1. Simple to apply whenever needed: Once the compliant certificate treasury and documents verifying the identity submitted, loan will be released once approved.
2. Use the treasury bond wisely: In a way solve the immediate funding needs by using the treasury bond held by the third party as pledge first without early redemption, yet secure the former high return from the bond.

Applicable Clients:
Chinese residents with full civil capacity and the ability to produce the qualified Certificate Treasury and the valid ID documents.

Currency and Term:
Loan is released in RMB. Maximum term is 3 years and not later than the maturity date of the treasury bond. Bond with the nearest maturity date will be taken as the loan term in case of many bonds is pledged.

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 the account.

Application Documents:
Certificate treasury; borrower's document to verify the identity; the third party's written authorization and ID document if pledged under the third party's certificate treasury; proof of the loan purpose.

Service Flows: 
1. Borrower fills in the application form at Hua Xia outlet together with above documentations. 
2. Once approved, the borrower, guarantor and Hua Xia Bank sign the loan contract and pledge contract. Loan will be released to the borrower's savings passbook or Hua Xia card.
3. Borrower repays the loan as scheduled.
4. Collect the pledged bond using the custody receipt after the loan is cleared.

Important Information:
1. Treasury bond used for pledge cannot be reported loss during the pledge period.
2. Loan not repaid less than a month (inclusive) will have penalty interest charged according to PBC's rules. Hua Xia Bank reserves the rights to dispose or call the pledged treasury bond to repay the principal and interest of the loan if remained un-repaid for more than a month.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.