1. Collateral evaluation: It takes some time to evaluate the value of collateral, which takes about one to two weeks.
2. Contract signing: After the collateral value is determined, the trust company and the lender need to sign a contract, which usually takes several days.
3. Information registration: Trust companies need to register the information of collateral to ensure its legality and safety. When registering, they need to submit some necessary documents and materials, which may take one to two weeks.
4. Lending: After signing the contract and registering the information, the trust company will lend the money to the lender, which usually takes several days or weeks.
5. Repayment: After the loan expires, the lender needs to repay the loan according to the repayment method and time agreed in the contract.