The process of bank loan is:

(1) loan application. Borrowers apply for loans from local banks.

(2) Credit rating evaluation. The bank evaluates the borrower's credit rating.

(3) loan investigation. Banks investigate the legitimacy, safety and profitability of borrowers.

(4) loan approval. Banks should examine and approve loans in accordance with the loan management system of separation of examination and loan and grading examination and approval.

(5) sign a contract. The bank signs a loan contract with the borrower.

(6) loan issuance. The bank issues loans on schedule according to the loan contract.

(7) Post-loan inspection. The bank conducts follow-up investigation and inspection on the borrower's performance of the loan contract and operation.

(8) Loan repayment. When the loan expires, the borrower will repay the loan principal and interest in full and on time. If it is necessary to extend the loan, the borrower should (9) apply to the bank for loan extension before the loan expires, and the bank will decide whether to extend the loan.