with the continuous development of social economy, people will encounter the shortage of funds in their daily life, whether in daily life or in business and production. It is always inconvenient to borrow money from relatives and friends around them, and loan is undoubtedly the best choice. Among them, pledge loan is also a very good loan method. So what is a personal pledge loan? The so-called pledged loan refers to the RMB loan that the borrower applies for from the bank by pledging his or a third party's certificates of rights, such as time deposit certificates, card-discounted time deposits, and voucher-type government bonds. Generally, the pledge of pledged loans needs to be handed over to the lending institution for safekeeping, and the borrower may not use it during the loan period. The pledge can be bonds, bills of lading, stocks, intellectual property rights and trademark patents. Personal pledge loan is a RMB loan that the borrower applies for from a banking financial institution that has been approved by the China Banking Regulatory Commission to start personal credit business with a legal and valid pledge that meets the requirements set by the bank. Its characteristics are: high loan amount: the maximum amount of pledged loan can reach 9% of the face value of pledge certificate, which is much higher than that of mortgage loan. Fast issuance: Personal pledge loan has simple procedures and simple process, which can effectively solve the urgent needs of users. Pledges are diverse: for example, my or others' bank certificates of deposit, government bonds, insurance policies, bank wealth management products, etc. can all be used as pledges to apply for loans. Widely used: the amount approved by the lending institution can meet the normal operation and daily life needs of the borrower.
: personal pledge loan application conditions: living in China and having full capacity for civil conduct; Have a good credit record and willingness to repay; Having the ability to repay the loan principal and interest; Provide valid rights certificate recognized by the bank as pledge guarantee; Open a personal settlement account in ICBC; Other conditions stipulated by the bank. Legal basis: Article 21 of the General Principles of Loans stipulates that the borrower shall not transfer the original loan price (interest rate) as an intermediary, which will raise the interest rate in the financing market and affect the stability of the financial market. Article 4 of the Commercial Bank Law stipulates that credit loans shall not be granted to related parties, and the conditions for granting secured loans to related parties shall not be better than those of similar loans from other borrowers, so as to safeguard fair trade and the safety of their own funds.