Introduction     User's Guide

【Introduction】

CD-Pledged Loans refer to a type of credit service offered by the Industrial Bank. Specifically, the borrower pledges an undue Renminbi (RMB) or foreign currency CDs in his/her own name issued by the Industrial Bank or other bank in return for a loan from the Industrial Bank, which should be repaid with interest as agreed when the term is due.

【User's Guide】

Application Eligibility

1. Applicants must be a natural person with full civil capacity aged between 18 (inclusive) to 60 (inclusive) years old.

Where the borrower is an alien, a stateless person or a Hong Kong, Macau or Taiwan resident, he/she shall have resided in the People's Republic of China for one year and have a permanent residence and occupation.

2. Applicants shall have the capacity to repay loans and have a sound credit record;

3. Applicants shall provide CDs that comply with the requirements of the Industrial Bank as a pledge;

4. Applicants are required to adhere to other terms and conditions stipulated by the Industrial Bank.

Pledged CD should also satisfy the following conditions:

1. They should be undue personal lump-sum deposit & withdrawal CDs (books) in RMB or foreign currency issued by any outlet unit under the branch which in charge of such loan business;

2. They should be undue fixed savings deposits in IB cards issued by any outlet unit under the branch which in charge of such loan business;

3. They should be CDs issued by a financial institution that is recognized as a “low-risk bank” by the Industrial bank and located in the same city where the branch in charge of such loan is located.

The Industrial Bank will not accept any CDs (book or card) that are involved in any ownership dispute, that is already hypothecated, that has been reported lost, that has been invalidated or that has been frozen / suspended for payment by law.

Loan Limit, Tenure & Interest Rate

1. The pledge rates of CD-Pledged Loans are as follows:

(1) The pledge rate of CDs in the same currency shall not exceed 90%;

(2) The pledge rate of CDs in different currencies shall not exceed 80%.

Pledge Rate refers to the ratio of loan amount to the face value of the CDs. Where the savings and the loan are in different currencies, the pledge rate shall be converted at the spot exchange (cash) buying price of the RMB/foreign currency exchange rate announced by IB on the business trading day.

2. The tenure of a loan cannot exceed one year. For pledged personal CDs issued by another bank, the tenure of the loan cannot exceed the maturity date of the CDs; where several CDs are pledged, the tenure of the loan shall be determined subject to the earliest maturity date of the CDs. Where a CDs issued by the Industrial Bank is pledged, the maturity date of the loan may exceed the maturity date of such CDs, provided that the CDs is renewed automatically when it matures within the tenure of such loan.

3. The benchmark loan interest rate of the relevant class in the period in question set by the People's Bank of China applies to CD-Pledged Loans, and is subject to fluctuation within specified limits.

Loan Repayment

Principal and interest due shall be repaid on a lump-sum basis by means of equal principal repayment, or in such a manner as accepted by the Industrial Bank.

Documents Required

1. Application Form for Personal Pledge Loan from the Industrial Bank;

2. Valid proof of identity and proof of residence;

3. Original(s) of the CDs(s) to be pledged;

4. Other documents required by the Industrial Bank.

(The information above is for reference only. Please refer to the specific regulations of your local IB branch for details. Please consult your local IB organization before making an application.)