The specific bidding process is as follows:
Loan application: The borrower submits a written application for personal consumption loan, fills in relevant application forms and provides relevant materials. The borrower shall provide the following information:
* The borrower's identity documents and proof of marital status;
* The professional and economic income certificate of the borrower issued by the department recognized by the lender;
* Proof of loan use;
* If the property is mortgaged or pledged, a list of mortgaged or pledged property, ownership certificate, consent certificate of the person who has the right to dispose of the property (including the property owner) and mortgage appraisal certificate issued by the competent department shall be provided;
* If the guarantee is provided by a third party, a written document, relevant credit certification materials and a certain percentage of deposit agreed by the guarantor shall be issued;
* Other information required by the lender.
Loan review: After receiving the borrower's application and the materials that meet the requirements, China Merchants Bank will review the credit standing, repayment ability and authenticity of the materials of the borrower and guarantor according to the regulations, and make a reply after the review.
Signing: After China Merchants Bank approves the loan, the borrower shall go through the following procedures:
* Handling loan guarantee procedures;
* Banks sign loan contracts and guarantee contracts with borrowers, and go through notarization, mortgage registration, insurance and other related procedures.
Lending: After the borrower completes the relevant procedures, China Merchants Bank will pay the loan to the borrower's personal account and transfer the loan to the relevant payee's account according to the borrower's entrustment.