loan contract  
contract no.
borrower:  lender:  mortgagor:  guarantor:  pledgeor:  
this contract is made in line with the con-tract law of the peoples republic of china and the general provisions of loans of the peoples bank of china to specify the rights and obligations of parties involved.
1.amount of loan is.
2.purpose of loan is.
3.period of loan is.
4.a certificate of indebtedness or a loan voucher

it is an integral part of this contract. the date of advance and payment due date shall follow the date specified on the certificate of indebtedness or loan voucher

where there is any inconsistency between the stipulations on the certificate of indebtedness or loan voucher and the terms and conditions on this contract except date, the latter shall prevail.
5.transferring of loan
the full amount of loan shall be transferred to an account designated by the borrower with-in working days from the date of completing borrowing procedure.refer to (times) (time) (amount) for the frequency, time and amount of transferring.
6.interest rate of loan

the interest rate under this contract is , in line with relevant rules. in case of change of interest rate, the interest rate stipulated in the contract shall prevail for loans with a life of less than or equal to one year; for loans with a life exceeding one year, the interest shall be calculated on a multi-stage basis, i

e. from next jan

1st following the adjustment of interest rate, the new rate shall prevail. in case the borrower fails to repay the principal and interest before the due date, or fails to use the loan for purposes as agreed in this contract, the lender shall be entitled to collect default interest in line with relevant rules

the default interest rate is.
in case of calculating interest on multi-stage basis due to adjustment of interest rate, the lender shall be entitled to adjust the interest rate on his own without further notice to the borrower.
7.type of repayment of loan

the borrower should open an account with the lender (the account name and account number are. ) and promise to deposit sufficient money for repayment before each due date

the borrower hereby authorizes the lender to collect, if any, compound interest, default interest, liquidated damage, premium, compensation and expenses arising from the realization of creditors right (including lawyers fee and court expense)in addition to due principal and interest of loan. in case the asset in this account is not enough for repayment of due principal and interest, the lender shall be entitled to collect from any ac-count opened by the borrower with any branch of bank
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