1. The borrower applies for a loan from the bank and submits the materials needed for the loan.
2. The bank accepts the loan and examines and approves it to see if it meets the loan requirements.
3. After approval, the borrower signs a loan contract with the bank. Contracts include guarantee contracts, mortgage contracts, etc.
4. After signing the contract, go through the mortgage registration formalities.
5. Banks issue loans to borrowers.
6. The borrower repays the loan in full and on time.
7. After the loan is settled, the mortgage cancellation formalities shall be handled.