Only ID card is not acceptable. Proof of personal identity, proof of stable address and proof of stable source of income are required. Guarantees and mortgages are required.

Conditions:

The borrower must be a natural person who is over 18 years old and has full capacity for civil conduct; has a permanent residence or valid residence status in China; and has a stable career and economy. Have income, good credit, and the ability to repay the principal and interest of the loan; be able to provide complete documents such as house purchase contracts, car purchase contracts, enrollment certificates, investment plans, etc. that prove the purpose of the loan; have a certain amount of own funds and be able to pay the down payment in the prescribed proportion. loan; provide an effective guarantee recognized by the commercial bank; and other conditions stipulated by the commercial bank.

1. The borrower should fill in the "Loan Application Form" including the main contents such as the loan amount, purpose of the loan, repayment ability and repayment method, and provide the following information:

(1) Basic information of the borrower and guarantor;

(2) The financial report of the previous year approved by the financial department or accounting (auditing) firm, and the financial report of the period before applying for the loan;

(3) Correction of the original unreasonable occupation of the loan;

(4) List of mortgages, pledges, proof of the consent of the person with the right to dispose of the mortgage and pledge, and relevant proof of the guarantor’s intention to agree to the guarantee Documents;

(5) Project proposal and feasibility report;

(6) Other relevant information deemed necessary by the lender.

2. Assessment of the borrower’s credit rating

The loan should be assessed based on factors such as the borrower’s leadership quality, economic strength, capital structure, contract performance, operating efficiency and development prospects. A person’s credit rating. Ratings can be conducted independently by the lender, held internally, or by an appraisal agency approved by the competent authority.

3. Loan investigation

After accepting the borrower’s application, the lender shall investigate and verify the borrower’s credit rating and the legality, safety and profitability of the loan. Collateral, pledge, and guarantor status, and determine the risk of the loan.

4. Loan Approval

Lenders should establish a loan management system that separates loan approval and graded approval. The reviewers shall verify and evaluate the information provided by the investigators, retest the loan risk, put forward opinions, and submit for approval according to the prescribed authority.

Reference: Small Loans