The borrower shall fill in the application form at the loan handling outlet with valid ID, pledge, mortgage certificate and guarantor's guarantee. After investigating the borrower's guarantee and credit, the bank will reply to the borrower within 15 days.
After the borrower's application is approved, it shall sign a loan contract and corresponding guarantee contract with the bank.
During the validity period of the credit line and the available credit line, the borrower can withdraw money at any time, and fill in the loan withdrawal form when withdrawing money. The bank will transfer the loan funds into the account agreed in the contract.
The borrower can recycle the loan within the validity period of the credit line, and the available credit line is the difference between the credit line approved by the bank and the principal balance of each loan under the credit line. After the borrower owes the loan, the available amount will be deducted accordingly, and after the borrower repays the loan principal, the available amount will be increased accordingly.
Before the credit line expires, the borrower shall pay off all the loan principal and interest under the credit line, and go through the formalities of mortgage and pledge registration cancellation at the bank within 20 days after paying off the loan principal and interest, and the loan contract signed between the borrower and the bank will automatically terminate.