1, must be a natural person with full capacity for civil conduct. 2. Have permanent residence in cities and towns or valid residence status. 3 have a stable occupation and income, good credit, and the ability to repay the principal and interest of the loan. 4. Some banks will require applicants to apply for their own credit cards, or to borrow from banks with good credit records. 5. Some banks also require to provide work mortgage or pledge recognized by the bank, or units or individuals that meet the prescribed conditions and have the ability to compensate.
Article 668 of the Civil Code of People's Republic of China (PRC) A loan contract shall be in written form, unless otherwise agreed between natural persons. The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.