Introduction

　　The Credit Loan refers to the loan extended to the borrower on ground of the borrower's credit standing and without pledge.

　　Category

　　It may be classified according to loan tenor: short-term loan, mid-term loan, and long-term loan.

　　1. Short-term loan: Loan maturing within 1 year (inclusive).

　　2. Mid-term loan: Loan maturing from 1 year (exclusive) to 5 years (inclusive).

　　3. Long-term loan: Loan maturing beyond 5 years (exclusive).

　　Functions and Features

　　Backed by the borrower's credibility. No pledge is needed from the borrower.

　　Target Clients

　　Any corporate, other economic organization, and self-employed business approved by and registered at the industry and commerce administrative authority (or supervising authority) and compliant with the General Provisions of Loans of the People's Bank of China and 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 lender's financial capacity.

　　Interest Rate

　　The loan interest rate is defined as per the benchmark interest rate and spread regulated by the People's Bank of China. The interest rate is stated in the contract.

　　Application Materials

　　1) Credit application;

　　2) The borrower’s general introduction and qualification documents, loan certificate (card), letter of authorization;

　　3) Financial statements of the most recent period and for the recent three years audited or verified by accredited institutions;

　　4) Board resolutions and approvals from the borrower's superior institution;

　　5) Project proposal, feasibility study report, and approvals from the empowered authorities; fund usage plan and statement for source of fund for repayment;

　　6) Business contract relating to loan usage;

　　7) Other documents required by Hua Xia Bank.