Strict. CreditEase Pratt & Whitney shows his ID card, signs the loan contract in person, and then lends money. The audit is particularly strict, but the contract can be received as soon as it is signed. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.