Loans need to go through many steps from application to lending. The following is the specific process:
1, loan application stage. Customers need to apply to banks and other lending institutions and fill in some application materials.
2. The loan review stage. The borrower shall also review the application materials submitted by the borrower.
3. Sign a loan contract. After approval, both parties shall sign a loan contract and a guarantee contract as the case may be.
4. Issue loans.
Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.