Bank's new move to lower the threshold for tiny shoes

February 20, 2019

Recently, China Merchants Bank Shanghai Branch launched a personal business ** “Market Loan”, which mainly focuses on the wholesale of spot commodities, and concurrently operates a retail centralized trading market or individual business operators in the shopping district. The maximum amount of money per household is up to 3 million yuan and the credit term is up to 3 years.

The “market loan” has four major features: First, the threshold is even lower; in the specialized markets recognized by the bank, individual operators who meet the conditions of business life, asset size, etc., can get **; Second, the process is simpler, and individual operators do not need to Provide cumbersome materials such as corporate financial statements; Third, more forms of guarantee, individual operators can use multi-person joint guarantees, professional market management and management guarantees, professional market shops or stalls, lease mortgage, real estate mortgage and other effective collateral way Fourth, the repayment method is more flexible, and individual operators can use online banking to follow-up and save interest.

At present, China Merchants Bank’s “market loan” option focuses on the wholesale market for fast-moving consumer goods, giving priority to end-consumer markets such as services, shoes, hats, leather goods, home textiles, furniture, food, and home appliances, or light industrial raw material markets such as fabrics and leather.

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