There are many swindlers in the market now. Therefore, borrowers should be more careful and don't trust all pre-loan payments. Formal lending institutions will not require borrowers to pay any fees before lending. If possible, the borrower can also visit the institution on the spot before lending money to see if he has valid business licenses and other documents.
Secondly, choose the loan product that suits you. Usually, private lending does not value the borrower's personal credit record, but usually values the borrower's repayment ability. Therefore, the borrower should have a stable job and income and strong repayment ability. Borrowers can choose loan products according to the loan amount, loan term, loan interest rate and other comprehensive aspects.
Finally, find a well-funded lending institution. When choosing a lending institution, the borrower should have a certain understanding of its financial situation. Lending institutions with abundant funds prove that they are more risk-resistant, and borrowers will be more likely to obtain large loans with certain financial security.