The legal protection of private loans is weak, so it is suggested to apply for loans through formal channels.

The process of handling bank loans:

1. The borrower applies for a loan;

2. Prepare loan related materials;

3. Customer manager loan survey;

4. Bank approval;

5. Both parties sign a loan contract;

6. Implement mortgage, pledge, unsecured contract or other guarantee contract;

7. Bank loans;

8. Post-loan management;

9. Repay the principal and interest when the loan is due.