Hello, you don't need it. Generally speaking, formal lending institutions will not charge a deposit. If the lending institution says that it has to pay a deposit before it can apply for a loan, it is generally a liar pretending to be a regular loan company for financial fraud. Generally, you need to sign a contract when you apply for a loan. If the lending institution wants to charge fees not stipulated in the contract, the borrower can question or refuse.

Do I have to pay a deposit for the loan?

There is no such thing as a deposit! However, some people pay the contract notarization fee, while others buy credit insurance. But this is only a small sum of money! Never received a deposit. If you have less money, what can you guarantee? If you have more money, you are suspected of fraud!

Do I have to pay a deposit for the loan?

There is no such thing as a deposit!

However, some people pay the contract notarization fee, while others buy credit insurance.

But this is only a small sum of money!

Never received a deposit.

If you have less money, what can you guarantee? If you have more money, you are suspected of fraud!

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development; At the same time, banks can also obtain loan interest income and increase their own accumulation.