2. Borrowing for others is a nominal loan. If the lender signs a loan contract with the nominal borrower, and the nominal borrower fails to disclose the actual borrower to the lender, the nominal borrower shall independently bear the repayment responsibility according to the principle of contract relativity. After the nominal borrower has fulfilled the repayment obligation, it can recover from the actual borrower.

3. In addition to the way of prosecution, the nominal lender can negotiate with the actual lender or find a third-party mediator to mediate.

Second, the personal credit loan processing flow

The borrower needs to submit a series of materials to the bank except the ID card, including

(1) loan application approval form;

(2) proof of residential address;

(3) proof of occupation and income; And other information required by the bank.

2. After the application materials submitted by the borrower are approved by the bank, both parties sign a loan contract.

3. The bank issues loans to borrowers through transfer.

Three. Matters needing attention in loan

1. The information provided to the bank shall be true, the address and contact information provided shall be accurate, and the bank shall be informed of any change in time;

2. The loan purpose should be legal and compliant, and the transaction background should be true;

3. According to your repayment ability and future income expectations, choose the repayment method that suits you;

4. Apply for a loan amount according to your own ability. Usually, the monthly repayment amount does not exceed 50% of the total family income;

5. Read the terms of the contract carefully and understand your rights and obligations;

6. Repay on time to avoid bad credit records;

7. Don't lose the loan contract and IOUs. For mortgage loans, don't forget to cancel the mortgage registration after paying off the loan;

8. communicate with the bank one month in advance to apply for early repayment.

9. When a foreigner applies for a commercial loan, the general bank requires the borrower to have a stable income in the local area, and also to issue a household registration certificate at the place where the household registration is located (some banks also require a certificate of employment).

Legal basis:

Article 667 of the Civil Code of People's Republic of China (PRC)

A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.