1. The party concerned is a person with full capacity for civil conduct;

2. The purpose of the loan is clear and legal;

3. The loan requirements are reasonable;

4. Have the willingness and ability to repay;

5. The credit status is good, and there is no major bad credit record.

What materials do I need to apply for a loan?

The materials required for handling the loan are as follows:

1. The borrower and the borrower's valid identity documents, such as ID card, household registration book, marriage certificate, etc. ;

2. Work certificate or income certificate stamped with the official seal of the company;

3. Proof of economic strength/financial resources, such as real estate license, driving license, financial management certificate, bank running, five insurances and one gold deposit certificate;

4. Personal credit report, and no bad credit record.

Legal basis: Article 668 of the Civil Code of People's Republic of China (PRC).

A loan contract shall be in written form, unless otherwise agreed between natural persons.

The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.

Article 67 1

If the lender fails to provide the loan according to the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses.

If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount.