Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Lending refers to that the loan bank or other financial institutions transfer the borrower's loan into the deposit account opened by the replacement enterprise in the loan bank according to the loan contract and relevant agreements after obtaining the borrower's mortgage or pledge credentials. As for the form of loan, the last step is to lend money. The following is an example of a simple housing loan procedure:

First, apply for a loan at the loan bank.

Second, the borrower signs a loan contract with the loan bank.

Third, go through mortgage or pledge procedures.

Fourth, go through the formalities of housing mortgage insurance.

Fifth, the borrower should go to the loan bank to handle the transfer formalities at the time agreed with the loan bank, and the loan bank will allocate the loan to the unit selling the house for repairing the house, and the borrower will withdraw it according to the loan contract.

Six, after the loan bank has obtained the house ownership certificate, according to the loan contract and the housing reform agreement, the borrower's loan will be transferred to the deposit account opened by the replacement enterprise in the loan bank.