Relevant laws:

Article 40 of the Commercial Bank Law stipulates that commercial banks may not issue credit loans to related parties; The conditions for granting secured loans to related parties shall not be superior to those for similar loans of other borrowers. The related parties mentioned in the preceding paragraph refer to:

(1) Directors, supervisors, managers, credit business personnel and their near relatives of commercial banks;

(2) Companies, enterprises and other economic organizations in which the personnel listed in the preceding paragraph invest or hold senior management positions.

What is a credit loan?

Credit loan refers to the loan issued by the borrower's reputation, and the borrower does not need to provide guarantee. Its characteristic is that the debtor can get a loan only by his own reputation without providing collateral or third-party guarantee, and the borrower's credit degree is used as repayment guarantee. For a long time, credit loan has been the main loan method in China banking industry.

Due to the high risk of credit loans, it is generally necessary to conduct a detailed investigation on the economic benefits, management level and development prospects of borrowers in order to reduce risks.

Credit loan business is mainly handled by banks, loan companies and electronic financial institutions.

Information needed for credit loan

1. ID card

2. Proof of income (after-tax punch-in salary is more than 3,500, which will vary in different regions)

3 provident fund or social security card (social security or provident fund that needs to be paid continuously for more than one year)

4. Auxiliary materials: If there is real estate, you can provide proof of real estate or academic qualifications.

Credit loan processing flow

The business manager goes to the bank to apply for a credit loan with the prepared materials, which will be reviewed by the bank after submission; Or you can contact a financial lending institution to handle it. Professional loan consultants will provide one-on-one services, and follow-up information supplements and changes will be followed up by special personnel, which is more convenient, quick and worry-free.

Credit loans are mainly personal credit, so many banks will be relatively cautious about the loan amount, and most of them will not exceed 300,000; Professional financial lending institutions will adjust according to the actual situation of individuals, which is relatively flexible.