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I. Description
Easy Financing Link is the name of a series of online financing products developed by the ICBC to solve the financing problems of online merchants. Online Loan for Micro-sized Enterprises is a short-term loan provided by the ICBC for micro-sized enterprises that operate on e-mall platform and third party e-commerce platforms. The borrowers can apply for, withdraw and repay the loans online by themselves.
II. Target Customers
Small and micro-sized enterprises that operate on e-mall platform and third party e-commerce platforms that have business relationship with the ICBC.
III. Distinctive Advantages
1. Full range of products: A wide range of credit facility products designed for different merchants, including Easy Financing Link credit loan, Easy Financing Link joint guarantee loan, Easy Financing Link mortgage or pledge loans.
2. Address the difficulty to get guarantee: Loans are released under credit or joint guarantee provided that the conditions are met.
3. Easy procedures: All the procedures are handled online, thus saving the trouble of going to bank.
4. Highly efficient self-service steps: Just log in the Internet Banking system to apply.
IV. Requirements
The borrower shall meet the following basic conditions:
| Loan option |
Conditions |
Maximum credit line for one borrower |
| Mortgage/Pledge |
The borrower has been operating for one year and the borrower is an official or paid-up member of the e-commerce platform |
RMB5 million(inclusive, same below) |
| Guarantee |
The borrower has been operating for one year and the borrower is an official or paid-up member of the e-commerce platform |
RMB2 million |
| Credit |
The borrower has been operating for two years and the borrower has been an official or paid-up member of the e-commerce platform for 12 consecutive months or more |
RMB3 million |
V. Application Process
Apply at the ICBC outlets or via Internet Banking.
VI. Service Channels and Hours
Services are available around-the-clock via Internet Banking or during banking hours at the ICBC outlets.
VII. Operation Guide
VIII. FAQs
1. What is the longest period of loans granted to online merchants?
Up to a year (inclusive) for loans to online merchants secured by mortgage or pledge; no more than six months (inclusive) for loans guaranteed by online merchants and credit loans to online merchants; the loans can be renewed upon expiry if the borrower meets the requirements.
2. How to repay the loans by online merchants?
Pay interest every month, repay principal upon expiry, repay via Internet Banking or at the ICBC outlet.
Note: Information herein is for reference only. Refer to the announcements and regulations of local branches for further details.
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