1. The borrower applies for a loan from the bank and submits the loan application materials; The bank conducts a preliminary examination of the application materials submitted by the borrower; The bank will examine and approve the loan qualifications of borrowers who have passed the preliminary examination and credit investigation; If it is approved, the bank will notify the borrower to sign the contract and go through the relevant procedures such as mortgage or pledge; Banks issue loans after the loan contract comes into effect.

2. Legal basis: Article 35 of People's Republic of China (PRC) Commercial Bank Law.

Commercial banks should strictly examine the borrower's loan purpose, repayment ability and repayment method. Commercial bank loans shall be subject to the system of separating loan review from grading approval.

2. What is the procedure for applying for a bank loan?

The procedures for applying for bank loans are as follows:

1. Prepare relevant procedures: The procedures to be submitted for general loans mainly include: loan application, customer ID card, household registration book, income certificate, marital status certificate and other materials. If the customer is a mortgage loan, the property right certificate of the collateral needs to be issued; If it is a customer with unsecured loans, it is necessary to provide a good credit record;

2. Apply to the bank: after preparing the relevant materials, the customer can submit the relevant materials to the bank or the law firm entrusted by the bank. After paying various fees, the customer needs to sign a loan contract with the bank as a legal document binding both parties;

3. Approval before bank lending: If it is a house purchase loan, the law firm entrusted by the bank will first conduct a preliminary examination of the customer's application, and if it is qualified, the bank will conduct the final loan approval; If the audit is unqualified, the bank will return the relevant information of the customer and explain the situation to the customer;

4. Go through other legal procedures: In addition to the contract, the customer also needs to go through some legal procedures. If it is a mortgage customer, the customer also needs to go to the relevant department to register the mortgage for future inquiry;

5. Bank loan: After the customer's relevant travel formalities are completed, the bank will approve the loan or report it to the superior for approval according to the borrower's evaluation. Then, the staff will inform the customer of the loan amount, loan term, loan interest rate and other related details, and issue a loan instruction to transfer the loan project to the customer's account.