Loans are usually approved in half a month or so.
Process of approval 1 Basic information of the borrower and the guarantor; 2 Financial report of the previous year approved by the financial department or accounting (audit) office, and financial report of the previous period of the loan application; 3 Correction of the loan that was originally unreasonably occupied; 4 collateral,Pledge
The list of substances and the consent of the decentralized person to pledge, the proof of pledge and the relevant evidence that the guarantor intends to agree to the guarantee; 5 project proposal and feasibility report; 6 other relevant information that the credit cooperative thinks need to provide.
Second, the credit rating assessment 1 credit union to assess the credit rating of the borrower.
III. Loan Survey 1 The credit union investigates the legality, safety and profitability of the borrower.
IV. Loan Approval 1 The credit cooperative shall conduct loan approval according to the loan management system of separation of loans and approvals.
V. Signing the contract 1 The credit union signs the loan contract with the borrower.
6. Loan Disbursement 1 The credit cooperative will issue loans on schedule according to the loan contract.
VII. Post-loan inspection 1 The credit cooperative shall conduct a follow-up investigation and inspection of the borrower's execution of the loan contract and the operation of the borrower.
8. Loan return 1 The loan expires and the borrower repays the principal and interest of the loan in full and on time.