The process of formal bank handling is as follows: First, the borrower needs to submit a series of materials to the bank except the ID card, including

(1) loan application approval form; (The lender shall fill in directly at the lending institution)

(2) proof of residential address; (Certificate issued by neighborhood committee or invoice for water and electricity payment)

(3) proof of work and income;

(4) Other information required by the bank.

Secondly, after the application materials submitted by the borrower are approved by the bank, the two parties sign a loan contract.

Finally, the bank issues loans to borrowers through transfer.