Legal analysis: 1. First of all, the lender should submit information to the lending institution to apply for a loan. 2. The lending institution will review the information submitted by the lender and evaluate the value of the collateral. 3. The lending institution will draw up the loan amount. 4. Both parties shall go through the mortgage registration formalities of the collateral. After the formalities are completed, the lending institution will lend the money to the lender.

Legal basis:

1. Article 4 1 of the Guarantee Law, registration of collateral and its effectiveness. Where a party mortgages the property specified in Article 42 of this Law, it shall register the mortgaged property, and the mortgage contract shall take effect from the date of registration.

Note: Since the entry into force of 202 1 1 Civil Code, the above legal basis has been changed to Article 402 of Book II of People's Republic of China (PRC) Civil Code.