No, not all loans are made during the Spring Festival. If the user applies for a loan through a formal online lending platform, the Chinese New Year will not affect his lending, but because the Chinese New Year is a holiday, the review speed may be slower than usual.

after the user passes the audit, the loan will be released. However, if users apply for loans through small online lending platforms, they may not lend money due to lack of funds.

The Spring Festival is coming, and there is a great demand for funds:

For small and medium-sized enterprises, the Spring Festival every year is a tense moment of "grabbing goods", which also indicates that whoever has more capital reserves will earn more. Many enterprises are facing the pressure of paying salaries and year-end bonuses. At this time, they also need more funds to support the difficulties of the Spring Festival, which will also usher in the large-scale loan demand of enterprises.

In order to save the time for bank loan approval, it is best for borrowers to prepare the necessary procedures for loans before lending. If some effective financial proof can be provided, the bank will lend faster.