1. The borrower applies to the loan bank.

2. The lending bank conducts an audit. If approved, the bank will sign a loan contract with the borrower.

3. The borrower handles mortgage registration and other procedures. After all the formalities are completed, the lending bank will issue the loan as required.

Legal basis: People's Republic of China (PRC) City Real Estate Management Law.

Article 47 The mortgage of real estate refers to the act that the mortgagor provides the mortgagee with debt performance guarantee with his legal real estate without transferring possession. When the debtor fails to perform his debts, the mortgagee has the right to be paid in priority with the proceeds from auction of mortgaged real estate according to law.

Forty-eighth legally acquired housing ownership and land use rights within the scope of occupation can be mortgaged.

Forty-ninth real estate mortgage should be handled with the certificate of land use right and the certificate of house ownership. Fiftieth real estate mortgage, the mortgagor and the mortgagee shall sign a written mortgage contract.