Qualified Applicants:
Officially registered corporations or individuals.
Period:
Maximum five years.
Interest Rate:
As stipulated by the Bank.
Collateral:
The applicant should provide collateral accepted by the Bank.
Guarantor:
Provide according to the Bank’s stipulation.
Purpose:
Provide capital required for construction, sales, and lease of the buildings.
Method of Repayment:
1. For buildings for sale: one-time repayment by sales revenue of the buildings and land and monthly repayment of the interest. But a minimum repayment ratio can be set based on the specific requirement of each case.
2. For buildings for operation: monthly repayment of interest or amortization of both principal and interest before the construction is complete. For specific case, the borrower should repay at least 30% of the principal each month after the construction completes. The interest is repaid each month. Upon due date of the loan, the rest of the principal should be repaid in a maximum of five years, and the interest is repaid monthly. Or the borrower can choose to amortize the principal and interest evenly each month.
Lending Branches:
All branches of the Bank (but the lending branches may be restricted)