Microfinance processing flow: first, the borrower applies for a loan from a bank and other financial institutions and submits the materials required for the loan; Then it is reviewed by the lender; Those who pass the examination shall sign a loan contract according to law; Finally, according to the time and method agreed in the contract, the loan will be issued to the borrower.

legal ground

Article 12 of the Interim Measures for the Administration of Personal Loans

The lender shall require the borrower to apply for a personal loan in writing, and require the borrower to provide relevant information that can prove that it meets the loan conditions.

Article 13

After accepting the borrower's loan application, the lender shall fulfill the obligation of due diligence, investigate and verify the authenticity, accuracy and completeness of the personal loan application content and related information, and form an investigation and evaluation opinion.

Article 23

The lender shall sign a written loan contract with the borrower, and a guarantee contract shall be signed at the same time if a guarantee is needed. The lender shall require the borrower to sign the loan contract and other relevant documents in person, except for loans handled through electronic banking channels.

Article 28

After the loan contract comes into effect, the lender shall issue the loan in time as agreed in the contract.