1, true or false, everyone should carefully distinguish and judge. It is suggested to handle small loans through formal channels.

I. Conditions for applying for small loans:

1, Chinese mainland residents aged 18.

2. Have a stable address and place of work or business.

3. Have a stable source of income.

4. Without a bad credit record, the loan cannot be used for stock trading or gambling.

5. Other conditions required by the bank.

Two. Microfinance processing flow:

1. Submit an application to a local bank or lending institution.

2. Prepare all kinds of materials needed for the loan.

3. Face-to-face signing of banks or lending institutions.

4. Banks review the qualifications of lenders.

5. Approved and successful loans.