Loan means that banks, credit cooperatives and other institutions lend funds to units or individuals who use money, and generally agree on interest and repayment date. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of expanding social reproduction and promoting economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

To apply for a personal loan from a bank, you need to meet the following conditions:

(1) A citizen of China who has a permanent residence, permanent residence or valid residence certificate at the place where the loan bank is located, is under 65 years of age (inclusive) and has full capacity for civil conduct;

(2) Have a proper occupation and stable income, and have the ability to repay the loan principal and interest on schedule;

(3) Have a good credit record and willingness to repay, and have no bad credit record;

(4) Being able to provide legal, effective and reliable guarantee recognized by the bank;

(5) It has a clear loan purpose, and the loan purpose complies with relevant regulations;

(6) Other conditions stipulated by the bank.