The applicant needs to fill in the application form for opening a letter of guarantee and sign it.
Submit the background information of the letter of guarantee, including the contract and the approval documents of relevant departments.
Provide the relevant guarantee format and affix the official seal.
Provide the company's recent financial statements and other relevant supporting documents.
Implement the guarantee accepted by the bank, including payment of deposit, pledge, mortgage or third-party credit guarantee.
The bank shall review the applicant's credit standing, performance ability, project feasibility, terms of the letter of guarantee and the guarantee, pledge or mortgage.
Payment of guarantee fee: charge 5‰ of the guarantee amount at one time, and the guarantee can be issued after the minimum amount is 100 yuan.
Materials to be submitted for the letter of guarantee: valid business license, legal representative's ID card, organization code certificate, tax registration certificate, original project contract or purchase and sale contract, and a copy stamped with the official seal of the unit.
Legal basis: Article 388 of the Civil Code of People's Republic of China (PRC) establishes a security interest, and a security contract shall be concluded in accordance with this law and other laws. Guarantee contracts include mortgage contracts, pledge contracts and other contracts with guarantee functions. The guarantee contract is a subsidiary contract of the main creditor's rights and debts contract. If the principal creditor's rights and debts contract is invalid, the guarantee contract is invalid, unless otherwise stipulated by law.
If the debtor, guarantor and creditor are at fault after the guaranty contract is confirmed to be invalid, they shall bear corresponding civil liabilities according to their faults.