Can individual stocks be mortgaged
As long as the loan conditions are met, stocks can be used as collateral to apply for loans. The following are the stock handling procedures:
1. The borrower goes to the lending institution to apply for loans and get the application form;
2. Fill in the application form and submit the pledge ownership certificate, ID card and other related materials;
3. The lending institution reviews the materials;
4. After approval, go through the relevant procedures of stock pledge and sign a loan contract;
5. Lenders lend money and borrowers repay it on time.
1. Margin trading, also known as securities credit trading or margin trading, refers to the behavior that investors provide collateral to securities companies qualified for margin trading, borrow funds to buy securities (margin trading) or borrow securities to sell them (margin trading). Including securities companies financing and securities lending to investors and financial institutions financing and securities lending to securities companies. From a global perspective, the margin trading system is a basic credit trading system. 2. Individual stocks refer to stocks held by individual shareholders, securities investment fund bonds and pledge of convertible bonds of listed companies. The equity pledge rate shall be determined by the lender through consultation with the borrower according to the quality of the pledged shares and the financial credit status of the borrower, but the maximum equity pledge rate shall not exceed 6%. The adjustment of the upper limit of pledge interest rate shall be decided by the People's Bank of China in conjunction with the China Banking Regulatory Commission. It takes the company's equity as the subject matter of rights. When the creditor takes possession of the debtor or the debtor provided by a third party to guarantee his creditor's rights fails to perform the debt, the value of the shares held by him shall take precedence over that of other creditors. This behavior of setting shares as pledge is called stock pledge. Stocks cannot be used as mortgages. Mortgages can only be used for houses or cars.
although stocks can be used as personal financial vouchers for credit loans, they can also be used as. Individuals get loans through stock pledge, usually companies, while bank stock pledge is mainly aimed at institutional business.
loan repayment method:
1. Matching principal and interest repayment method: the borrower repays the loan principal and interest at the same amount every month, in which the monthly loan interest is calculated according to the remaining loan principal amount at the beginning of the month and settled monthly. Because the monthly repayment amount is equal, in the monthly repayment amount at the initial stage of the loan, after excluding the interest settled on a monthly basis, the loan principal is less; In the monthly repayment at the end of the loan, after deducting the interest settled on a monthly basis, the principal of the loan is more.
2. Equal principal repayment method and diminishing repayment method: it refers to the average monthly repayment of loan principal and monthly settlement of loan interest
equity mortgage loan processing flow
1.
Submit the equity application and the borrower's financial statements at the end of last quarter; (2)
2.
Submit the assets evaluation report of the company that issued the equity in the previous fiscal year; (3)
3.
Submit the resolution or proof that the shareholders' meeting (general meeting) of the company issuing the equity agrees to pledge; (4)
4.
Sign a loan contract.
How long will it take to approve the individual equity
Generally, it takes about 15 working days to handle the equity, and the specific time depends on the actual situation. Generally, as long as the specified pledge process is completed and there is no special situation that the loan cannot be handled, the equity can be applied for. In addition, if the fund share or equity is pledged, the pledge right shall be established only when the pledge is registered.
Legal basis
Article 44th of the Civil Code, the following rights that the debtor or a third party has the right to dispose of may be pledged: (1) bills of exchange, promissory notes and checks; (2) Bonds and certificates of deposit; (3) Warehouse receipts and bills of lading; (4) Transferable fund shares and stock rights; (five) the transferable right to exclusive use of registered trademarks, patents, copyrights and other intellectual property rights; (6) Existing and future accounts receivable; (seven) other property rights that can be pledged according to laws and administrative regulations. Article 443rd Where a fund share or equity is pledged, the pledge right shall be established at the time of pledge registration. After the pledge, the fund shares and stock rights shall not be transferred, unless the pledger and the pledgee agree through consultation. The pledgor shall pay off the debt or deposit the proceeds from the transfer of fund shares and equity to the pledgee in advance.
Can stock mortgage be used as a loan?
Stock can't be used as a mortgage loan. Mortgage loan can only be used for houses or cars, but stock can. Stock pledge is a very common financing method as reducing shares. In addition, stocks can be used as personal financial proof to make credit loans, that is. Unsecured credit loans depend on personal qualifications. The better the qualifications, the easier it is to handle. Unsecured credit loans usually take 1-5 working days.
This concludes the introduction of personal share mortgage loan and share-backed bank loan. Did you find the information you need from it?