/kloc-people aged 0/6 are not allowed to borrow money. According to the regulations of CBRC, individual loan borrowers must be at least 18 years old and have full capacity for civil conduct. Age 16 obviously does not meet these two conditions.

To apply for personal unsecured loans in banks or other lending institutions, you need to meet the following conditions:

Chinese mainland citizens aged between 1 and 18-65;

2. China citizens with fixed residence in China, permanent residence in local towns (or valid residence certificates) and full capacity for civil conduct;

3. Have a proper occupation and stable economic income, and have the ability to repay the loan principal and interest on schedule;

4. The borrower's unit must be an administrative, enterprise or institution recognized by the lender and having a good cooperative relationship with the lender, and the lender will pay wages on its behalf;

5. Abide by laws and regulations, and have no illegal acts and bad credit records.

Extended data:

Precautions for personal microfinance:

There are several ways for individuals to apply for unsecured micro-loans: unsecured micro-loan business run by banks themselves for merchants or farmers; Unsecured microfinance business carried out by banks and insurance companies is guaranteed by insurance companies, and banks issue loans; The loan business carried out by regular microfinance companies with their own funds.

Formal lending institutions have strict loan approval procedures. Even if the lender is not required to provide collateral, it is necessary to review the lender's credit history, income, work or business situation, and there are strict restrictions on the loan amount and loan term. In addition, formal lending institutions do not charge any fees before lending, and repay on schedule after entering the loan cycle.

Baidu encyclopedia-personal micro-credit