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Do you need feasibility approval to handle entrusted loans?
No need. The approval of entrusted loans is different from that of bank loans, and feasibility approval is not required. Entrusted loan refers to the loan issued by a trust institution according to the requirements specified by the client. The source of funds for this loan is a special trust deposit, and the object, quantity and purpose of the loan are decided by the client. Trust institutions are only responsible for the examination and issuance, supervision and use of loans, recovery at maturity and interest collection, and are not responsible for profits and losses.