1. Hello everyone, I am from South Korea. I heard that foreigners cannot apply for bank loans...

Hello!

You can have items as collateral or find a local guarantee. It is not impossible to apply for a credit card, it can only be said to be very difficult! It requires a fixed job in the local area, relevant certificates, and real estate. If the above conditions are not met, you can apply for a deposit to apply for a card. The deposit is 120% of the credit limit. Dear ~ I hope I can help you

If you have any questions, please ask.

2. Can foreigners apply for private loans in our Chinese banks? What is the loan interest rate? Do you need a mortgage?

Generally not allowed. It’s not just private loans that won’t work. Unless rigid conditions are given, such as having a real estate certificate

3. Can foreigners get bank loans?

For example, if you get a loan through China Merchants Bank, the loan applicant: a Chinese citizen with full capacity for civil conduct* **Citizen of the Republic of China.

Overseas persons (including residents of Hong Kong, Macao and Taiwan) with full capacity for civil conduct.

Warm reminder

It is recommended that you contact the branch to verify whether you meet the application requirements.

4. Can foreigners get loans in China?

Yes, but not every developer or bank accepts it, so you need to ask clearly first about proof of residence for more than 1 year, tax receipt, work certificate and other information