Service Features   Target Clients    Applicant's Qualification   Loan Limit
Credit Period    Interest Computation   How to Apply

You may apply for Hypothecated Loans by Government Bonds Certificate (referred to as Hypothecated Loans by Government Bonds Certificate hereinafter) with your immature government bonds certificate underwritten by China Merchants Bank.

Service Features
1. Easy to apply
2. Flexible terms up to 12 months

Target Clients

Natural person with PR China citizenship and full civil rights, in possession of government bonds certificate underwritten by China Merchants Bank.

Applicant's Qualification
1) Capable of providing legal and valid identity proofs;
2) Capable of providing immature government bonds issued by the Ministry of Finance, underwritten by China Merchants Bank.

Loan Limit
The loan lower limit is RMB5, 000 yuan, and up limit is 90 percent of the face value of the government bonds certificate hypothecated.

Credit Period

1) Government bonds hypothecated loan is usually no longer than 12 months, with due date no later than the maturity of the bonds hypothecated;
2) In case there is more than one certificate with different maturities, then the due date of the loan should be no later than the soonest maturity of the bonds.

Interest Computation
1) The legal interest rates (with variance) for same periods and other rules applicable ;
2) Legal interest rates for loans due in six months is applied for loans with periods less than six months ;
3) In case the applicant repays the loans prior to due date, the interest should be computed on the interest rate indicated in the contract and the actual number of days of lending. In addition, a compensation fee is charged according to the loan contracts.
4) Principal and due interest of government bonds hypothecated loans should be repaid in a single batch at the same time.
5) Loan interest remains unchanged regardless of any changes to legal interest rates during the loan period.
6) In case a government bonds hypothecated loan is overdue for less than 30 days (inclusive), the loans is subjected to legal penalty interest rates by the number of days after the due date.

How to Apply
Please prepare the following document, and proceed to the office where you purchased your government bonds (or the office where your All-in-one-card was issued in which your trusted government bonds was put) to apply:
1) Your own resident ID;
2) Immature government bonds certificate receipt underwritten by China Merchants Bank (or your All-in-one-card in which your trusted government bonds was put)