It is not very reliable. It is recommended to go to formal channels for loans.

Extended information:

Legal content of pre-loan investigation

(1) Examine the legal status of the borrower regarding its legal establishment and continued effective existence . If it is an enterprise, it should be examined whether the borrower is established in accordance with the law, whether it has the qualifications and qualifications to engage in relevant business, check the business license and qualification certificates, and pay attention to whether the relevant licenses have passed annual inspections or relevant inspections.

(2) Regarding the borrower’s credit standing, examine whether the borrower’s registered capital is suitable for the loan; examine whether there is any obvious evasion of registered capital; past lending and repayment status; and the borrower’s products Whether there are any illegal situations such as quality, environmental protection, tax payment, etc. that may affect the repayment.

(3) Regarding the borrower’s borrowing conditions, whether the borrower has opened a basic account and a general deposit account in accordance with relevant laws and regulations; whether the borrower’s (if it is a company) foreign investment exceeds 50% of its net assets. %; whether the debt ratio of the borrower meets the requirements of the lender;

(4) Regarding guarantees. For guarantee guarantees, the guarantor’s qualifications, creditworthiness, and ability to perform the contract shall be investigated.

Recommendations for loan review: Carefully review each loan, and do not base loan risk judgments on past reviews or credit. The review cannot be relaxed or the investigation procedures reduced just because a borrower has paid principal and interest on time in the past.

Establish a regular appointment system for the borrower’s legal representative and its key management personnel. The appointment period can be determined based on the size of the loan amount, changes in the borrower's production and operations, etc. If the loan amount is large, the appointment period should be shortened accordingly.

Loan officers (loan officers, credit review team members, credit review committee members) and borrowers are not allowed to have improper personal contact during lending activities.

Loan officers and their immediate family members are not allowed to accept cash, valuable gifts, shopping vouchers, etc. from borrowers; they are not allowed to participate in entertainment activities paid for by the borrower; and they are not allowed to reimburse the borrower for any expenses.

For loans with large amounts and long periods, or loans used by borrowers for specific purposes, lawyers, accountants and other professionals should be hired to make professional judgments and provide expert opinions on relevant matters.