This year many small and medium-sized enterprises and individuals are facing funding problems. Many banks and financial institutions have good loan products. If the user does not have suitable assets for mortgage or pledge, you can consider finding someone with the same needs to apply for a joint guarantee loan. . Wenzhou Bank has such a product. Today we will introduce natural person joint guarantee loans.

1. Introduction to Natural Person Joint Guarantee Loan This product refers to a joint loan formed on a voluntary basis by 3-5 natural persons who are not direct relatives, as long as the user handles it at the handling bank within the jurisdiction of Wenzhou Bank. A guarantee group can grant a certain amount after approval by the bank. Group members provide guarantees to each other. Once a user fails to repay, other group members need to bear certain responsibilities. The bank's review of joint guarantee loans is relatively strict, and an agreement needs to be signed, and the responsibilities shall be borne according to the content of the agreement. The maximum loan amount for a single household is RMB 100,000. The loan period is in principle three months and shall not exceed one year. One extension is allowed.

2. Wenzhou Bank natural person joint guarantee loan application process conditions: The borrower needs to have full civil capacity, have a permanent residence and a fixed residence in the jurisdiction of the handling bank, have stable income and work, and have sufficient repayment ability. Application process: Members of the joint guarantee team who need to borrow money should bring their ID cards, business licenses, loan applications, mortgage or guarantee materials, etc. to Wenzhou Bank outlets to handle business, wait for approval before signing a loan contract, and the bank will release the loan after confirmation. . In short, Wenzhou Bank is a city commercial bank with a relatively low loan application threshold, and users who need loans can apply for it.