As long as you meet the application conditions of personal microfinance and provide ID card, proof of stable address and proof of stable income source, you can handle microfinance business.
According to the law, if the value of the house is high and part of the value has been mortgaged, the remaining value can still be mortgaged. But under the current circumstances, it is difficult to do so. Go through the evaluation process.
The application conditions for micro-credit loans are as follows:
First, Chinese mainland residents, under the age of 60;
Second, it has a stable address and work or business premises;
Third, there is a stable source of income;
Fourth, there is no bad credit record, and loans cannot be used for stock trading and gambling;
Fifth, have full capacity for civil conduct.
Micro-credit loans are business loans with individuals or families as the core, and the main service targets are self-employed, small workshops and small business owners. The loan amount is generally less than 654.38 million yuan, 1 10,000 yuan or more. Micro-credit loan is an extension of micro-credit in technology and practical application. Its characteristic is that the debtor can get a loan only by his own reputation without providing collateral or third-party guarantee, and the borrower's credit degree is used as repayment guarantee. Because this kind of loan is risky, it is generally necessary to conduct a detailed investigation on the borrower's economic benefits, management level and development prospects in order to reduce the risk.
In order to make up for the blank of financial products supporting low-income groups and micro-enterprises, the state has successively introduced a series of supporting policies to develop micro-credit. Among them, some professional microfinance companies appeared, such as Zhongan Xinye, and then several major banks also started microfinance business. However, due to low consumer awareness, the market was chaotic in the early stage of industry development. Therefore, if micro-enterprises or individuals need to apply for loans, it is best to consult a professional and powerful company.
Reference: Baidu Encyclopedia _ Microfinance