The basic requirements for bank loans mainly include the following points: First, the applicant must be a natural person with full civil capacity, that is, he must have a legal identity. Secondly, the applicant must have a permanent urban residence or hold a valid residence status to prove his stable life and residence. A stable source of income and a good credit record are crucial, and banks need to confirm that the borrower has the ability to repay the principal and interest of the loan. Some banks may require applicants to have a credit card history with the bank or have had a loan and have good credit. Some loans may require the provision of collateral or guarantees, i.e., the security of the loan through assets or a third-party credit guarantee.

In order to successfully apply for a personal credit loan, the borrower needs to prepare detailed application materials, such as valid identity documents. Proof of residential address, such as household registration book. Professional certificate to show stable work background. Proof of income of the individual and family members to prove repayment ability. Other relevant documents that may be required by the bank.

The entire application process usually goes like this: the borrower submits loan requirements and preliminary information, and the bank conducts a preliminary review. If passed, it will provide further guidance to provide the required detailed materials, and then proceed to final approval and loan disbursement. This is a typical loan application process.

Loans are the core part of financial activities. Banks inject funds into the market through loans to support economic growth and at the same time earn interest income themselves. Through a reasonable loan system, banks and borrowers achieve a win-win situation.