The loan contract shall specify the rights and obligations of both parties. If the contract does not clearly stipulate that you need to pay a certain deposit in advance to get a loan, or the staff does not clearly indicate that you need to pay a deposit when signing the contract, then this is not a contractual obligation.

Microfinance is a kind of commercial loan with individuals or families as the core. The loan amount is generally more than 1 1,000 yuan and less than 200,000 yuan. Microfinance is an extension of microfinance in technology and practical application.

Microfinance in China: It mainly serves agriculture, rural areas and small and medium-sized enterprises. The establishment of small loan companies has rationally pooled some private funds, standardized the private lending market, and effectively solved the financing difficulties of agriculture, rural areas and small and medium-sized enterprises.