The way to borrow money from a bank is to apply for a loan from the bank first, then submit the relevant business activities and financial status, and then the bank will review it. If it is finally approved, a loan contract will be concluded with the borrower and a loan will be issued to it.

legal ground

Article 667 of the Civil Code

A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.

Article 668

A loan contract shall be in written form, unless otherwise agreed between natural persons.

The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.

Article 669

When concluding a loan contract, the borrower shall provide true information on the business activities and financial status related to the loan as required by the lender.

Article six hundred and eighty

It is forbidden to lend at high interest rate, and the lending rate shall not violate the relevant provisions of the state.