"ICBC personal loans can be handled at bank outlets or in official website, depending on the loan type. Take ICBC's personal credit loan as an example. It can be handled in ICBC official website without mortgage guarantee. After you fill in your personal information as prompted, you can apply for a loan with a quota. However, to apply for personal loans online, ICBC needs to use a password device or a U shield for security check first. "

Which law applies to RMB loan business of domestic and foreign banks?

Category: Business/Wealth Management Finance

Problem description:

Are the general principles of loans applicable? Or other regulations.

Analysis:

Article 2 of the General Rules for Loans: The Lender mentioned in these General Rules refers to a Chinese-funded financial institution legally established in China to engage in loan business. Obviously, the general principles of loans are not applicable.

The business of foreign-funded financial institutions in China is mainly regulated by 200 1 Regulations on the Administration of Foreign-funded Financial Institutions in People's Republic of China (PRC) and the Detailed Rules for the Implementation of the Regulations of the China Banking Regulatory Commission in 2004.

In addition, when China joined the WTO, it promised to open the financial business market, which is also the legal basis for foreign banks to do business in China.

What personal loan products does ICBC have? You'll know after reading it

As one of the state-owned banks, ICBC has many loan products, which can basically meet the needs of customers. For example, if individual users are in urgent need, they can apply for ICBC personal loan products. There are several types of personal loan products of ICBC. Let's take a look at them.

1, individual housing loan:

Loans granted by ICBC to borrowers for purchasing houses built and sold (pre-sold) by real estate development enterprises according to law mainly include first-hand personal housing loans, second-hand personal housing loans, personal housing portfolio loans and personal housing provident fund loans.

2. Personal commercial loans:

Renminbi secured loans for business activities include personal business loans and personal business loans.

3. Personal consumption loans:

Banks provide RMB loans to individual customers for designated consumption purposes, including the following four types:

1) ICBC Financial E-loan is a credit consumption loan of ICBC, which can only be used for personal consumption without mortgage guarantee.

2) Individuals: that is, loans applied by lenders with their own time deposits, national debt and other products as security.

3) Personal loan for studying abroad: The loan granted by China Industrial and Commercial Bank to the borrower is mainly used to pay the tuition and fees, living expenses, accompanying fees and other expenses required by the borrower or his immediate family members during their study abroad.

4) Personal home consumption loan: it can be used to decorate houses, buy house decoration materials, durable consumer goods and other large consumer goods, which can be recovered upon application or returned with the loan.

5) Personal cultural consumption loan: it can be used for personal education and training, travel, wedding, beauty and fitness, club membership activities and other cultural consumption, and can be recovered once applied.

4. Personal car loan:

Is used to buy a car loan, divided into personal car loans and personal commercial car loans. The former is used to buy a car, and the latter is used to make a profit by buying a car loan.

How to apply for cross-border RMB loans?

What is a cross-border loan? What is the process of cross-border loan business? What is the expected annualized interest rate for cross-border loans? How long is the term of cross-border loans? What are the business models of cross-border loans? The following is for you:

1. What is a cross-border loan?

Enterprises registered in Qianhai and actually investing in Qianhai borrow RMB funds from banks operating RMB business in Hong Kong. The prerequisite for cross-border loans refers to enterprises registered and established in Qianhai and actually operating or investing in Qianhai.

2. What is the business process of cross-border loan?

1. The loan enterprise first submits an application for cross-border loan filing to the People's Bank of China through the domestic settlement bank.

2. Domestic settlement banks open general deposit accounts in Qianhai for loan enterprises to deposit cross-border RMB loan funds. Cash receipt and payment business is not allowed in this account, and the expected annualized interest rate of deposit is implemented according to the expected annualized interest rate of current demand.

3. Before the loan funds are recorded, the loan enterprise shall first submit the loan contract, instructions for the use of funds and the filing form of the People's Bank of China through the settlement bank.

4. Before the loan funds are used, the loan enterprise shall submit the relevant certification materials (purchase contract or invoice) for the use of the funds to the domestic settlement bank.

5. The loan funds shall be settled by cross-border payment through overseas RMB clearing banks or domestic correspondent banks.

6. Domestic settlement banks and enterprises provide guarantee for loan funds by means of guarantee, mortgage or pledge.

3. What is the expected annualized interest rate for cross-border loans?

The expected annualized interest rate of cross-border RMB loans in Qianhai shall be determined by both borrowers and lenders independently, and shall be filed with Shenzhen People's Bank before the loan is issued. The expected annualized interest rate of the loan is around 3%-4%.

4. What is the term of the cross-border loan?

The term of the loan is not fixed, and the borrower and the borrower shall independently determine it within a reasonable range according to the actual use of the loan.

Verb (abbreviation of verb) business model of cross-border loan

1, bank acceptance bill pledge

The enterprise pledges the bank acceptance bill it receives to the bank, and the bank gives it a credit line not higher than the effective evaluation value of the cross-border RMB loan of the bank acceptance bill.

2. Asset mortgage/pledge

Enterprises provide real estate, securities and other assets. As collateral or pledge to the bank, the bank gives a credit line not higher than the effective evaluation value of the collateral of cross-border RMB loans.

3. Borrow the existing credit line of the company's shareholders.

Corporate shareholders will allocate its existing credit line in the bank to enterprises for cross-border RMB loans, and corporate shareholders must provide guarantee. The premise of this operation scheme is that the existing credit banks among enterprise shareholders and the banks that enterprises apply for cross-border loans must be the same bank.

4. Enterprises apply for new credit lines and use cross-border loans.

According to the bank's credit products, enterprises apply for a credit line from the bank according to the conventional credit standards, and after the credit line comes down, they operate in the form of cross-border lending.

The launch of RMB loan business and how banks handle personal loans are over. I wonder if you have found the information you need?