Any resident in China with full capacity for civil conduct, holder of undue certificates of time deposit in local or foreign currencies issued by the Bank of China or treasure bonds, may apply for a personal loan pledged by CDs/treasure bonds to the Bank. A borrower applying for personal loan pledged by CDs/treasury bonds must also meet the following conditions:
1. Being a natural person with full capacity of civil conduct;
2. Having local registered permanent residence or valid credentials;
3. Being a holder of undue certificate(s) of time deposit or treasure bonds issued by the Bank of China;
4. Other conditions provided for by the lender.
Length of Maturity
• The length of maturity of a personal loan pledged by CDs/treasury bonds may not exceed the due date of the pledged CD . Besides, the longest maturity shall be one year. If multiple certificates of personal deposit are pledged, the length of maturity shall be set according to the nearest due date. For automatic renewal certificates of deposit, the length of maturity shall be set according to the length of automatic renewal.
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