The second step is to go through the loan procedures at the bank outlets. After filling in the application form and signing the relevant contract text, the applicant should prepare the borrower's information, guarantor's information or related collateral and pledge certificate required by the bank and send them to the nearest bank outlet. After accepting the borrower's application, the bank shall review it in accordance with the relevant provisions of the Measures for Tourism Loans and reply to the borrower within the specified time. After completing the loan review procedures, the bank will notify the borrower and the travel agency in writing or by telephone. Generally, the application is about one month before the trip.
The third step is to repay the loan. The borrower shall notify the bank in writing after the visit. The borrower shall authorize the travel agency to transfer the balance to the bank, and at the same time deposit the loan principal and interest in full into the current deposit account designated by the bank, and the bank will take the initiative to deduct it at maturity. After the loan principal and interest are fully paid off, the borrower goes to the bank and gets back the pledge or mortgage certificate with the relevant receipt.