China Construction Bank’s loan policy

1. China Construction Bank’s loan policy?

Generally, China Construction Bank’s loan requirements are relatively high. If you don’t have sufficient qualifications, it will be difficult to loan money from the bank. It is recommended that you apply for a loan on the official website of Yidai China. There are many types of loans, not only mortgage loans, but also unsecured loans without any fees.

For general loan applications, the following materials are required:

Original and copy of the borrower’s valid identity document; proof of local permanent residence or valid residence status; borrower’s loan repayment ability supporting materials. Such as the income certificate issued by the borrower's unit, the borrower's tax bill, and insurance policy; the borrower obtains the pledge rights, mortgage list and ownership certification documents required for the pledge and mortgage amount, and the owner and the owner of the property agree Written documents of pledge and mortgage; written documents of the guarantor's agreement to provide guarantee required for the borrower to obtain the guarantee limit; materials proving the guarantor's credit standing; evaluation report of the collateral issued by a socially recognized evaluation department; other documents and information specified by the bank.

For more loan issues, please see my "space"

2. What are the new policies for small and micro enterprise loans of China Construction Bank?

Affected by the epidemic in 2020, many small and medium-sized enterprises are facing funding problems. After the Ministry of Finance, the Ministry of Human Resources and Social Security, and the People's Bank of China issued notices, major financial institutions have successively launched many preferential policies. Further increase the interest discount support for guaranteed loans to small and micro enterprises, and fully support the resumption of work and production of small and micro enterprises.

China Construction Bank’s preferential policies for small and micro enterprises include:

1. Optimize online services: In the past, small and medium-sized enterprises needed to go back and forth to the bank many times to apply for loan business. Starting from this year, Construction Bank Banks have liberalized their online corporate loan business. Not only can they quickly handle fund transfers, but they can also handle more and more comprehensive businesses through mobile banking APPs, which is a lot more convenient for companies.

2. Lower the loan threshold: Small and micro enterprises are not as qualified as large and medium-sized enterprises, and often cannot provide sufficient collateral or ideal business flow certificates. China Construction Bank will lower loan requirements for small and micro enterprises, but this type of Loans usually require a third-party guarantee (the government or a guarantee company).

3. Loan interest rate concessions: At present, the loan interest rates of state-owned banks basically fluctuate around the LPR quotation, which has declined compared with the same period last year. This reduces the financing costs of small and micro enterprises, but many small and micro enterprises Loan support consists of loans from financial institutions, guarantees from designated guarantee agencies, and interest discounts from government departments.

4. Extension of loan period: Guaranteed loans for small and micro enterprises and individual industrial and commercial households that encounter temporary liquidity difficulties can be extended up to June 30, 2020. During the extension period The finance department will provide normal interest discounts. For personal business guaranteed loans that have been issued, if the borrower is infected with COVID-19, the extension period shall in principle not exceed one year.

5. The approval time is shortened and the process is simplified: Now China Construction Bank will generally speed up the pre-loan investigation, simplify the review and approval as much as possible, improve the relevant procedures, and the loan can be issued as soon as possible.

3. CCB Quick Loan New Regulations in 2021

Legal analysis: 1. In terms of handling: users can operate through mobile banking and online banking. Depending on the user's credit status, the actual execution interest rate and loan arrival time will be different, whichever is displayed on the page.

2. In terms of use: users can use the quick loan limit for fund withdrawal, card consumption, and transfer. However, the funds cannot be used for house purchase, investment, repayment of any loan, or credit card transactions. This means that quick loan funds cannot flow into prohibited areas, and loans cannot be repaid.

3. In terms of repayment: Currently, four methods are supported for users to borrow and repay at any time, monthly interest payment, one-time principal repayment, equal principal, equal principal and interest. Users can use mobile banking or online Find "Quick Loan-Repayment" on the bank and proceed. It is recommended to prepare funds before repayment to avoid overdue payments due to failure to repay on the repayment date, which will have a negative impact on personal credit.

Legal basis: "Notice of the China Banking and Insurance Regulatory Commission, the People's Bank of China, the National Development and Reform Commission and others on the implementation of temporary deferral of principal and interest payments for loans to small, medium and micro enterprises" Article 4 Regarding New Financing Arrangements for Enterprises Banking Finance Institutions should actively meet the financing needs of small, medium and micro enterprises, establish green channels, simplify the loan approval process, moderately delegate approval authority, and provide loans as quickly as possible. It is necessary to improve internal resource allocation and policy arrangements such as performance evaluation, due diligence and exemption, and strive to increase the proportion of credit loans, medium and long-term loans and "first loan rate" of small and micro enterprises. Local corporate banks should proactively apply for new re-loan and re-discount quotas from the People's Bank of China, actively cooperate with policy banks' new credit plans, and issue loans to private, small, medium and micro enterprises at preferential interest rates.

4. What are the new policies for small and micro enterprise loans of China Construction Bank?

Affected by the epidemic in 2020, many small and medium-sized enterprises have faced funding problems. The Ministry of Finance, the Ministry of Human Resources and Social Security, and the People's Bank of China have issued notices and various preferential policies to further increase the number of guaranteed loans for small and micro enterprises. Interest discount support to fully support the recovery of small and micro enterprises

China Construction Bank’s preferential policies for small and micro enterprises are:

1. Optimizing online requires many trips to the bank. Starting from this year , China Construction Bank has liberalized its online corporate loan business, which not only allows for quick fund transfers, but also completes banking through mobile phones, which is a lot more convenient for companies.

2. Lower the loan threshold: Small and micro enterprises are not as qualified as large and medium-sized enterprises, and often cannot provide sufficient collateral or ideal business flow certificates. China Construction Bank will lower loan requirements for small and micro enterprises, but this type of Loans usually require third-party guarantees (government or guarantee) 3. Preferential loan interest rates: At present, the loan interest rates of state-owned banks basically fluctuate around the LPR quotation, which has declined compared with the same period last year. This reduces The cost of financing for small and micro enterprises has been reduced, but many financial institutions provide loans, guarantees from designated guarantee agencies, and interest discounts from government departments.

4. Extended loan period: For small and micro enterprises and individuals that encounter temporary liquidity difficulties, An extension can be granted up to June 30, 2020. During the extension period, the finance department will provide normal interest subsidies. For those who have contracted COVID-19, the extension period will be shortened and the process will be simplified. Generally, we will speed up the pre-loan investigation and review the relevant procedures, so that the loan can be issued as soon as possible.