2. The bank examines the loan application, including the applicant's financial status, loan purpose and collateral.

3. After the approval of the bank, sign a loan contract;

4. The applicant shall go through the loan formalities as agreed in the contract;

5. After examination, the bank will lend the loan funds to the applicant's account;

6. The applicant repays the loan according to the contract and returns the ownership of the collateral to the bank;

7. The bank obtains the ownership of the collateral and completes the loan approval process.

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