China guangfa bank was established in September 1988 with a registered capital of RMB114.08 million, and its headquarters is located at No.713, Dongfeng east road, Yuexiu district, Guangzhou, China.

Approved by the People's Bank of the State Council and China, it is one of the earliest joint-stock commercial banks in China.

On April 8, 20 1 1, with the approval of the regulatory authorities and relevant government departments, the original registered name of Guangdong Development Bank Co., Ltd. was changed to "Guangfa Bank Co., Ltd.".

Extended data:

The business scope of Guangfa Bank is all banking business stipulated in the Commercial Banking Law, which mainly includes: absorbing public deposits and issuing short, medium and long-term loans; Handle settlement; Handle bill discount; Issuing financial bonds; Acting as an agent to issue, honor and underwrite government bonds; Buying and selling government bonds; Engage in interbank lending; Providing letter of credit services and guarantees; Acting for payment and insurance agency business; Provide safe deposit box service; Foreign exchange deposits; Foreign exchange loans; Foreign exchange remittance; Foreign currency exchange; International settlement; Settlement and sale of foreign exchange; Inter-bank foreign exchange lending; Acceptance and discount of foreign exchange bills; Foreign exchange loans; Foreign exchange guarantee; Issuing foreign exchange credit cards; Buying and selling foreign currency securities other than stocks and acting as an agent; Issuing and acting as an agent to issue foreign currency securities other than stocks; Self-operated and valet foreign exchange transactions; Acting as an agent for issuing and paying foreign credit cards; Offshore financial business; Credit investigation, consultation and witness business. Other businesses approved by the People's Bank of China and China Banking Regulatory Authority.

Loan type:

Personal consumption loan of China Guangfa Bank

Personal consumption loan refers to the personal consumption loan issued with the owner-owned house that the borrower or the third party has the right to dispose of according to law as the mortgage, or with the pledge or other mortgage (pledge) recognized by Guangfa Bank as the guarantee. The loan subject must be Chinese mainland residents, and loans from Hong Kong, Macao and Taiwan and foreigners are not accepted. Loans are used for personal bulk consumer goods, such as automobiles, decoration, study abroad, training, tourism, etc., and may not be used for real estate, stocks, funds, futures or other equity investments. If the loan is in 1 year, the repayment method can be one-time repayment or installment repayment; If it exceeds 1 year, it can be repaid by equal principal and interest or average capital method on a monthly or quarterly basis.