According to Article 11 of the Interim Measures for the Administration of Personal Loans, applying for personal loans shall meet the following conditions:
(a) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state;
(2) The purpose of the loan is clear and legal;
(3) The amount, duration and currency of the loan application are reasonable;
(4) The borrower has the willingness and ability to repay;
(5) The borrower's credit status is good and there is no significant bad credit record;
(6) Other conditions required by the lender.
Article 12 A lender shall require the borrower to apply for a personal loan in writing, and require the borrower to provide relevant materials that can prove that it meets the loan conditions.
Extended data:
Article 18 of the Interim Measures for the Administration of Personal Loans shall comprehensively review the legality, rationality and accuracy of the contents of the loan investigation, focusing on the due diligence of the investigator and the borrower's repayment ability, credit status, guarantee status, mortgage (pledge) ratio and risk degree.
Nineteenth loan risk assessment should be based on the analysis of the borrower's cash income, adopt quantitative and qualitative analysis methods, and conduct a comprehensive and dynamic loan review and risk assessment. The lender shall establish and improve the borrower's credit record and evaluation system.
Baidu Encyclopedia-Interim Measures for the Administration of Personal Loans