The principal lender refers to the person who is responsible for lending to banks or other lending institutions. As the main borrower of the loan, the main lender needs to provide the information needed for the loan and bear the repayment responsibility. During the approval process, banks or other lending institutions usually require the main lender to provide personal information, such as identity certificate, income certificate, payroll, etc. To assess its repayment ability.

The main lender has a high repayment responsibility and obligation. After the lending institution issues the loan to the main lender, the main lender needs to repay the loan according to the agreed time and amount. In addition, the main lender also needs to actively supplement the loan information, such as salary, residential address, occupation, etc. If the main lender fails to repay the loan as agreed, it may have to bear the consequences of default interest, liquidated damages and expenses.

If you want to be a first-class lender, the first thing you need to do is to ensure that your credit history is good. This means that you need to avoid overdue credit card payments, debts and inability to repay, which may seriously affect your credit history. Secondly, you need to have a regular job and be able to provide credible proof of income. Finally, you need to take the initiative to understand the loan policies of different banks or lending institutions and choose the appropriate loan products according to your personal situation.