The general loan process is loan application, loan review, loan approval, contract signing and loan issuance. Loan approval means that the loan application has passed the examination and is at the stage where the lending institution decides whether it can lend money.

Loan approval does not mean that customers can 100% loan, and there are often some problems worthy of attention.

1. The success of the loan depends on the amount entered in the account. You can't be happy and careless just because the loan is approved. You have to go through all the formalities such as mortgage guarantee. Only when the loan enters your account can the loan be truly successful.

2 loan approval is based on the loan investigation report. In order to successfully approve, applicants should try their best to prove their repayment ability.

3, the loan approval process can be fast or slow, the applicant should take the initiative to contact, supervise the signing of the loan contract, to prevent lending institutions from withdrawing from the loan agreement due to sudden reasons.

4. For the loan under approval, the applicant can cancel the loan application, but may have to pay a certain fee.

The content of this article comes from People's Republic of China (PRC) Financial Code: Application Edition by China Law Publishing House.