Loan approval process:

1. The borrower prepares his or her identity document and other loan information and applies for a loan to the lending institution;

2. The credit manager The information provided by the borrower will be reviewed, and the borrower's credit record will also be reviewed;

3. Credit institutions will approve and grant loans to qualified applicants.

Legal Basis

Article 25 of the "General Rules for Loans"

Loan application: The borrower who needs a loan should apply to the sponsoring bank or other banks. Institutions apply directly. 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 the loan application;

3. Correction of the original unreasonable occupation of the loan Situation;

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

5. Project suggestions letter and feasibility report;

6. Other relevant information that the lender deems necessary.