The risks of personal microfinance mainly include: 1. Personal credit information system is not perfect. Personal consumption credit risk mainly comes from the borrower's repayment ability and personal credit risk, that is, the fluctuation range of personal income and moral cultivation level, in which personal credit status is closely related to the credit environment of the whole society. 2. There are defects in the self-management of commercial banks, which leads to an increase in potential risks. At present, although the domestic commercial banks continue to strengthen the system construction, the overall management level is still not high, and it is difficult to jump out of the strange circle of "letting go at random and catching up with death". The relevant laws and regulations are not perfect. At present, China does not have a national law to regulate consumer credit activities and adjust consumer credit relations. 3. Blind marketing and unplanned distribution of consumer credit have caused great potential risks. In recent years, in order to expand profitability and seize market share, commercial banks have encouraged their branches to vigorously develop personal consumer credit business. Conditions 1: China citizens with fixed residence in China, permanent residence (or valid residence certificate) in local towns, and full capacity for civil conduct; 2. Have a proper occupation and stable economic income (monthly salary income should be above 1 000 yuan), and have the ability to repay the loan principal and interest on schedule; 3. The borrower's unit must be an administrative, enterprise or institution recognized by the lender and having a good cooperative relationship with the lender, and the lender will pay wages on its behalf; 4. Abide by laws and regulations, and have no illegal acts and bad credit records; 5. Other conditions stipulated by the lender. When applying for a loan, the borrower shall provide the following information to the lender: 1, loan application approval form; 2. My valid ID. Valid proof of address 4. The general process to prove a stable income is to apply for a loan from a bank. After the bank accepts it, it will evaluate the value of the mortgaged property and approve the loan amount according to the evaluated value. Sign loan contracts, etc. ; Handle real estate mortgage registration; What is the longest repayment period of bank loans? The average personal loan is up to 5 years; Repay by installments every month, instead of repaying the principal at one time. Conditions of application Generally, the following conditions should be met when applying for small loans: 1. Chinese mainland residents who can provide personal identification (ID card, household registration book, marriage certificate, etc.). ). Secondly, it has a fixed address and work and business premises, and can provide proof of address (house lease contract, water and electricity bills, etc.). ). Thirdly, he has a stable source of work or economic income, good credit standing, can provide bank account numbers, labor contracts and other supporting materials, and has the ability to repay the loan principal and interest on time; . Finally, without a bad credit record, the loan cannot be used for purposes prohibited by state orders. To sum up, it is very necessary to open personal loans, which is also conducive to social progress, because some individuals need loans to increase their business quota, but because individuals always lack property guarantees, they can only use credit guarantees as a bargaining chip for loans.