The so-called unsecured microfinance can also be called credit loan. As far as the current loan forms are concerned, many financial institutions have opened up unsecured microfinance business. Unsecured microfinance provides great convenience for people who have no assets but need funds. So how do you apply for unsecured microfinance?

How to apply for unsecured small loans?

1 The borrower applies for a loan from an unsecured microfinance institution, and submits relevant materials, including ID card, income certificate, address certificate, and personal credit report if necessary.

After receiving the application, the financial lending institution shall examine the materials submitted by the loan applicant.

After approval, the borrower and the lender sign a loan contract, and then the lender will distribute the money to the applicant's bank account.

The above is the application process of unsecured microfinance. It is not difficult to see that the application process of unsecured microfinance is relatively simple, but because it belongs to credit loans, personal credit status is usually valued, and it may be difficult for users with credit problems to apply.