Product definition:
Turn of the same name according to the guarantee business is refers to the application of artificially increase the loan amount, extend the repayment period, reasons for bank mortgage changes, by unison through guarantees, loans to the applicant for canceling the original real estate mortgage and /, to redeem the "real estate licence", in order to re new in the bank for the business of real estate mortgage and /.
Product type:
According to the different security loans, the product has two types:
1) for customers to the bank to apply for a short-term foreclosure property loans to provide guarantee (commonly known as "pen" business) that banks provide customers issued a special pen to foreclosure floor short-term (loan period is generally 3-6 months) loans, secured by Rand, source of repayment for real estate completed mortgage banks to customers for the issuance of mortgage loans and other loans.
2) for the customer to the bank for a mortgage or other loans to provide guarantee (commonly known as the "money" business), namely in unison pass issued letter of guarantee bank ahead of the part of the loan or all loans, by melting universal music to Qingyuan loans redeemed certificates of real estate, real estate mortgage registration in the name of bank business.
Guarantee amount:
Guarantee amount does not exceed the customers for the balance of the original loan, some banks to consider the original loan advance owing on the loan will be charged interest, allowing the amount of loan guarantee have a float.
Business acceptance:
Customers to apply for lending guarantee business, must provide the following information:
1) the identity certificate, including the identity card, account book, etc.;
2) a copy of the original loan contract and the mortgage contract;
3) original loan bank arrears list of original;
4) a copy of the original loan repayment records;
5) real estate management authority certificate documents, such as real estate certificate or housing all of the warrants, the use of land use warrants;
6) new loan approval opinion or loan commitment letter;
7) other information provided by the company.