1. When applying for a loan, basic information such as loan purpose, loan amount, personal property (enterprise: company operation status), service period, selected loan type, collateral, repayment ability, etc. It should be explained.

2. loan investigation after receiving the application, the commercial bank began to conduct a basic investigation on your loan situation. The principle here is to evaluate the loan risk based on your willingness and ability to repay. And whether the financing industry involved meets the national requirements.

3. After a comprehensive review of the loan, after the bank has sufficient funds, it can sign a contract (guarantee mortgage), go through the loan-related procedures and obtain funds after being approved by the corresponding bank management department. Ask the staff for details.

4. Post-loan investigation After the borrower obtains the loan, it mainly investigates whether the funds are used according to the prescribed purposes, as well as the borrower's cash flow and operating income. If the loan is not used for the specified purpose (the purpose stated by the borrower when signing the contract), the bank may have the right to terminate the contract and recover the loan in advance, or raise the loan interest rate, which is called "misappropriation".

5. If the borrower repays the loan within the specified date, no penalty interest will be charged. If the loan is repaid after the loan date, the loan interest will generally rise by 50%. When signing a contract, the borrower will settle interest on a monthly, quarterly or annual basis, or repay the loan in installments. In general, the basic loan process is over. What is more special is that if there is no regular repayment, the bank will generally sue within 30-60 days, and the assets will be collected and preserved through legal procedures, and all expenses will be borne by the borrower.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 669 When concluding a loan contract, the borrower shall, at the request of the lender, provide the true information about the business activities and financial status related to the loan.

Article 670 Interest on a loan shall not be deducted from the principal in advance. If the interest is deducted from the principal in advance, the loan will be repaid according to the actual loan amount and the interest will be calculated.

Article 671 Where the lender fails to provide the loan on the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses.

If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount.

Article 672 The lender may inspect and supervise the use of the loan as agreed. The borrower shall regularly provide relevant financial and accounting statements or other materials to the lender as agreed.