Loans are generally approved for about half a month.
Approval process 1 Basic information of the borrower and the guarantor 2 Financial report of the previous year approved by the financial department or accounting (auditing) firm and the financial report of the previous period of the loan application 3 Correction of the original unreasonably occupied loan; 4 collateral,Pledge
Proof of the pledge and the relevant proofs that the guarantor intends to agree to guarantee; 5 project proposals and feasibility report; 6 other relevant information that the credit cooperatives deems necessary to be provided.
Second, credit rating assessment 1 credit rating of the borrower's credit rating.
Third, the loan survey 1 credit cooperatives on the borrower's legitimacy, security, profitability and other circumstances to investigate.
Fourth, the loan approval 1 Credit unions separation and grading approval of the loan management system for loan approval.
Fifth, the signing of the contract 1 credit cooperatives and borrowers signed a loan contract.
VI. Loan Issuance 1 The credit cooperatives issue loans on schedule according to the loan contract.
Seven, post-mortem inspection 1 credit cooperatives on the borrower's loan contract implementation and the borrower's business tracking investigation and inspection.
Eight, loan repayment 1 loan expires, the borrower repay the loan principal and interest in full and on time.