Entrusted loan is entrusted loan, which refers to the loan issued by the trust institution according to the requirements specified by the client. The source of funds for this loan is a special trust deposit, and the object, quantity and purpose of the loan are decided by the client. Trust institutions are only responsible for the examination and issuance, supervision and use of loans, recovery at maturity and interest collection, and are not responsible for profits and losses. Trust agencies only charge a certain fee according to the contract.

Personal entrusted loan means that * commercial * bank acts as a bridge between them, connecting private lenders and borrowers, with individuals as clients and providing funds, while banks as clients supervise the use of loans and assist in issuing loans. The object, purpose, amount, term and interest rate of loans are determined by the clients.

What are the application conditions for entrusted loans?

The trustor and the lender shall have relevant qualifications; The source of entrusted funds must be legal and have independent control rights; To apply for entrusted loans, you must bear the loan risks alone; Pay taxes in accordance with the relevant requirements of the state and local tax bureaus, and cooperate with the trustee to do a good job in tax collection.