☆ Introduction
A secured RMB loan released to borrower as working capital for legal business operation. This is a loan to help you succeed in your business, A loan to help your business grow.

☆ Target Client
Natural persons with full civil capacity of age between 18 (inclusive) and 60 (exclusive) years old, good credit history, willing to repay, able to produce guarantee in phases.

☆ Features
1. High credit line, up to RMB 10 million.
2. Long loan tenure, many options for repayment.

☆ Application Conditions
Applicants must meet the following conditions:
1. Natural persons with full civil capacity of age between 18 (inclusive) and 60 (exclusive) years old. Borrowers of foreign nationality or from Hong Kong, Macau and Taiwan must live in China for over a year, have permanent address and stable job.
2. Hold legal ID document, poof of permanent residency (or proof of residence), certificate of marital status.
3. Borrower is allowed to run business under proper business license (proprietary owner, partnership or corporate body)
4. Stable source of income and ability to repay all principal and interest of loan when due;
5. Good credit history, willing to repay, borrower or his/her business entity do not have bad credit record in ICBC or other known financial institutions;
6. Guarantee of the loan recognized by the lender, legal, valid and reliable;
7. A personal settlement account opened in ICBC;
8. Other conditions stipulated by ICBC.

Prepare and submit the following if you are applying for personal business loan:
1. Application form;
2. ID card of the borrower and his/her spouse, certificate of permanent residence, original and copy of certificate of marital status;
3. Original and copy of the business license (proprietary owner, partnership or corporate body) that passed through the annual check;
4. Proof of personal income: personal tax payment, salary and wages, dividend from own business, rental income, or proof of average financial assets in ICBC or in other bank within the last 6 month – deposit, T-bond or funds;
5. Details of settlement account in the bank reflecting the financial status of the borrower or the recent operation of his/her business entity or the proof of tax has been paid;
6. Original and copy of the ownership certificate of the mortgaged property, proof of the consent from the person(s) who have the right to dispose the property (including co-owners of the property), and original of the appraisal report if appraisal is required on the mortgaged property;
7. Information on the guarantor if the loan is under guarantee;
8. Other documentation stipulated by the ICBC.

☆ Credit Line
Up to RMB 10 million.

☆ Loan Term
Maximum 5 years.

☆ Loan Rate
The PBOC's loan rate of the same tenure same class, higher rate if required, qualified premium customers can enjoy lower rate.

☆ Repayment
Loan with term within a year (inclusive) has interest paid monthly or quarterly, or single repayment of principal. Loan with term over a year has interest and principal repaid monthly.
Loan of tenure under 1 year (inclusive) can be repaid by balloon payment. Loan guaranteed under low-risk pledge and under 1 year can be repaid by bullet payment. 

☆ Service Channel and Time
To apply, submit application to ICBC Personal Loan Center or Personal Credit Department of the local ICBC branches.

☆ Operation Guide
1. Application. Customer submits application to ICBC, fill in application form and submit necessary documents.
2. Sign Contract. After ICBC verify and approve the application submitted by borrower, both parties sign Loan Contract, Guarantee Contract and proceed to notary and mortgage registration if necessary.
3. Release Loan. After approval when all the formalities are completed, ICBC transfers the amount of loan to the borrower's transaction party, or to the borrower first and the borrower pays his/her transaction party later.
4. Repay when due. Borrower repays principal and interest of loan according to the repayment plan or repayment option agreed in the loan contract. Within the repayment period stated in the loan contract, borrower can delay the repayment date for 10 natural days.
5. Clear the Loan. Two types: normal settlement and settle in advance. Normal settlement: clear the loan at maturity (single repayment of principal and interest) or in last installment (repay by installment). Settle in advance: Before loan matured, borrower submits application to repay all or part of the loan stated in Loan Contract. Repay at the specified accounting counter when ICBC approved. After loan is cleared, borrower gets back the legal instrument and documentation retained by ICBC with own valid ID document and the loan settlement voucher issued by ICBC. Cancel the record of mortgage at the original mortgage registry as well.

Responsibility Statement: The contents on this page are for reference only. The ultimate power of interpretation is under the Industrial and Commercial Bank of China Limited. For part of the contents, notice and specific regulations of local branches shall prevail.