Weining Fumin Rural Bank Loan Conditions

1. Bank loans require the original and copy of the borrower’s valid ID card (the borrower must meet the basic conditions of 18-65 years old). Proof of local permanent residence or valid residence status, and documentation proving the borrower’s repayment ability. Such as the income certificate issued by the borrower's employer, the borrower's tax policy and insurance policy, etc.

2. The borrower obtains the pledge right, the list of pledged items and the ownership certificate required for the pledge and mortgage amount, as well as the written document that the property owner and the third party agree to the pledge and mortgage. The written documents required by the borrower to obtain the guaranteed amount, the guarantor's consent to provide guarantee, and the guarantor's credit certification materials (not required for credit loans).

3. A collateral evaluation report issued by a socially recognized evaluation department (this material is required for mortgage loans, not others). Bank loans require other documents and materials specified by the bank.

Bank loan application process:

1. Prepare relevant procedures: The procedures required for general loans mainly include: loan application, customer ID card, household register, income certificate, and marriage status certificate and other materials (customers with a spouse must also provide their spouse’s ID card and household registration book). If you are a mortgage loan customer, you need to provide proof of title to the mortgage; if you are an unsecured loan customer, you need to provide a good credit record.

2. Apply to the bank: After the customer has prepared the relevant materials, he or she can go to the bank or a law firm entrusted by the bank to submit the relevant materials to the bank for review, and the customer will pay all fees. Customers need to sign a loan contract with the bank as a legal document binding both parties.

3. Bank loan pre-approval: If it is a home purchase loan, the law firm entrusted by the bank will first review the customer's application. If it is qualified, the bank will conduct final loan approval; if the review is unqualified, the bank will return Provide relevant information to customers and explain the situation to customers.

4. Go through other legal procedures: In addition to the contract, the customer also needs to go through some legal procedures. If it is a mortgage customer, the customer also needs to go to the relevant department to register and file the mortgage for future inquiries.

5. Bank loan: After the customer completes the relevant procedures, the bank will approve the loan or submit it to the superior for approval based on the borrower's evaluation. Then, the staff informs the customer of the loan quantity, loan term, loan interest rate and other relevant information, issues a loan instruction, and transfers the loan project to the customer's account.