An individual applying for a loan must meet the following conditions at the same time: the borrower has full capacity for civil conduct, permanent residence in cities and towns or valid residence status, stable income, good credit and the ability to repay the principal and interest of the loan. Having assets mortgaged or pledged by the loan bank, or having legal persons, other economic organizations or natural persons with sufficient compensation capacity as guarantors. Other conditions stipulated by the lending bank.

The procedures required for personal loans include: the borrower's identification materials, such as ID card and household registration book; Personal work permit; Payroll; Credit report; Shi Chun assets appraisal report (mortgage loan needs); Personal information of the guarantor (required when guaranteeing the loan).

Legal basis: Article 11 of the Interim Measures for the Administration of Personal Loans shall meet the following requirements when applying for personal loans:

(1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state;

(2) The purpose of the loan is clear and legal;

(3) The amount, duration and currency of the loan application are reasonable;

(4) The borrower has the willingness and ability to repay;

(5) The borrower's credit status is good and there is no significant bad credit record;

(6) Other conditions required by the lender.

Article 12 of the Interim Measures for the Administration of Personal Loans, the lender shall require the borrower to apply for personal loans in writing, and require the borrower to provide relevant information that can prove that it meets the loan conditions.

"Interim Measures for the Administration of Personal Loans" Article 14 The loan investigation includes but is not limited to the following contents:

(1) Basic information of the borrower;

(2) The income of the borrower;

(3) the purpose of the loan; Circular fence