1. The party concerned is a person with full capacity for civil conduct;

2. The purpose of the loan is clear and legal;

3. The loan requirements are reasonable;

4. Have the willingness and ability to repay;

5. The credit status is good, and there is no major bad credit record.

What is the procedure for applying for a bank loan?

The process of applying for a bank loan is as follows:

1, ready to go through the relevant formalities. The procedures to be submitted for general loans mainly include loan application, customer ID card, household registration book, income certificate, marital status certificate and other materials. If it is a mortgage customer, it is necessary to issue a certificate of property rights of the collateral; If it is a customer with unsecured loans, it is necessary to provide a good credit record;

2. Apply to the bank. After the customer prepares the relevant materials, he can submit the relevant materials to the bank or the law firm entrusted by the bank. After paying various fees, the customer needs to sign a loan contract with the bank as a legal document binding both parties;

3. The bank should approve the loan before. If it is a house purchase loan, the law firm entrusted by the bank will first conduct a preliminary examination of the customer's application, and if it is qualified, the bank will conduct the final loan approval; If the audit is unqualified, the bank will return the relevant information of the customer and explain the situation to the customer;

4. Go through other legal procedures. In addition to the contract, the customer also needs to go through some legal procedures. If it is a mortgage customer, the customer also needs to go to the relevant department to register the mortgage for future inquiry;

5. Bank loans. After the customer's relevant procedures are completed, the bank will approve the loan or report it to the superior for approval according to the borrower's evaluation. Then, the staff will inform the customer of the loan amount, loan term, loan interest rate and other related details, and issue a loan instruction to transfer the loan project to the customer's account.

Legal basis: Article 11 of the Interim Measures for the Administration of Personal Loans.

Personal loan application shall meet the following conditions:

(1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state;

(2) The purpose of the loan is clear and legal;

(3) The amount, duration and currency of the loan application are reasonable;

(4) The borrower has the willingness and ability to repay;

(5) The borrower's credit status is good and there is no significant bad credit record;

(6) Other conditions required by the lender.