Qualified Applicants:
Officially registered corporations or individuals.
Period:
Short-term: maximum one year.
Mid-term: maximum five years.
Interest Rate:
As stipulated by the Bank.
Collateral:
The applicant should provide collateral accepted by the Bank.
Guarantor:
Provide based on the Bank’s stipulation.
Purpose:
Provide short-term, regular working capital.
Method of Repayment:
Short-term: installment repayment or one-time repayment upon maturity of the principal, monthly repayment of the interest.
Mid-term: monthly repayment of the interest within the grace period. After the grace period, the borrower should repay the principal by installment, plus monthly repayment of interest. Or amortize the principal and interest evenly each month.
Other Conditions:
The Bank offers two types of loans for the borrower to choose from:
Time Loans: one-time or multiple-time appropriation of fund, which cannot be revolved.
Demand Loans: multiple-time appropriation of fund within the contract period. The fund can be revolved, with the maximum loan period of 180 days each.