A bank loan knowledge

    1, usury is illegal
All financial institutions must strictly enforce the national statutory interest rates on loans, any country in violation of the statutory rate, directly or in disguised form to raise interest rates of loans, increase the interest burden, disrupting the order of the interest rate market behavior, is a violation of "law on commercial banks" behavior, in this regard, the borrower may report to the local people's bank. The local people's Bank is verified, all branches of the people's Bank will be based on the relevant laws and regulations to deal with.

2, any unit or individual is allowed to force financial institutions issuing loans and guarantees
Financial institutions shall operate in accordance with the law, not interfered with by any unit or individual. No organization or individual may compel banks and rural credit cooperatives loans and guarantees, otherwise, banks and credit cooperatives shall have the right to refuse.
No organization or individual may compel the people's Bank of China provide loans and guarantees. The people's Bank of China nor to the local governments, government departments at all levels to provide loans, not to provide loans to non bank financial institutions and other units and individuals, but the decision of the State Council except the people's Bank Chinese can provide loans to non bank financial institutions in particular. The people's Bank of Chinese nor to any units and individuals to provide security.

3, the borrower shall accept the supervision of the Lender
The borrower to obtain loans from financial institutions, should accept the lender (financial institutions issuing loans) examination and supervision, truthfully provide the lender requires data (laws and regulations can not provide information except), cooperate with the investigation, lenders and check. The lender shall have the right to the use of credit funds and the production and operation, financial supervise.

4, the loan principal and interest due on time
The borrower in obtaining loans from financial institutions, should abide by the honest credit, have also borrowed the principle, in accordance with the loan contract, timely repay the loan principal and interest. Financial institutions due loans to borrowers cannot return the loan contract, in accordance with the provisions of the loan interest rate of overdue; cannot be returned or cannot implement the repayment of principal and interest for loans, financial institutions have the right to supervise the borrower or prosecuted.

5, any unit or individual is allowed to force financial institutions loan principal and interest exemption
Credit funds mainly come from enterprises, urban and rural residents and the relevant departments of the government deposits at the financial institution, and financial institutions to deposit units and individuals must take regular servicing liability. Credit funds to finance capital, paid its distinctive characteristics. Therefore, without the approval of the State Council, no unit or individual may compel banks and rural credit cooperatives loan principal and interest of the exemption.

6, the borrower bankruptcy according to law, has completed the formalities of mortgage banks and urban and rural credit cooperatives loans, priority
The borrower shall be declared bankrupt, the lender shall be in accordance with the relevant laws in the borrower debt liquidation, bankruptcy borrowers to set property mortgage, pledge or other insured banks and urban and rural credit cooperatives loans, lenders have priority in accordance with the law.

7, strictly business mergers, bankruptcy restructuring and evasion of bank debts
Enterprises shall not violate the provisions of the law, mergers, bankruptcy or joint-stock transformation etc. as, evasion of bank debts and urban and rural credit cooperatives, misappropriation of credit funds. Illegal enterprises evading bank debts and urban and rural credit cooperatives, to take some corresponding compensation liabilities according to law, impose a fine; cause heavy economic losses, the person directly responsible shall be investigated for criminal responsibility according to law.

8, the state organs cannot act as guarantors
With legal capacity to pay off debts, other organizations or citizens, may act as a surety, state organs shall not act as guarantors, but with the approval of the State Council for the use of loans of foreign governments or international organizations except of transferred loans.

9, not the school, kindergarten, hospital as collateral
In economic activities, public schools, kindergartens, hospitals and other institutions, the purpose of community medical and health facilities, educational facilities and other public welfare facilities shall not be used as collateral for mortgage.

10, the loan fraud shall be investigated for criminal responsibility
To apply for a loan to according to the prescribed procedures. Who invented the introduction of funds, project false reasons, using false economic contracts or documents, using false certificates of property rights or beyond the loan collateral value of repeated security fraud behavior of financial institutions, are illegal behavior, depending on the circumstances, be investigated for criminal responsibility according to law.