Information > General articles > Raiders Channel > Microfinance >  text

What is the application process for microfinance?

Time: 2017-01-23         Source: China Gold Online         Author: gold online

  MicrofinanceIt is a common loan method for people everyday, because the amount is small, the threshold is relatively low, and the arrival rate is fast, which can quickly solve the borrower's cash flow problem. So, what is the application process for microcredit?

  1. Application acceptance.

After the borrower submits the microloan application to the microfinance loan bank, the operator will introduce the borrower to the borrower's application conditions and deadlines for the microloan, as well as the borrower's conditions, qualifications and application materials.

2. Review again.

According to the relevant regulations, the handling staff shall take reasonable measures to verify the authenticity of the materials submitted by the customers, evaluate the applicant's ability to repay and the willingness to repay the funds.

3. Approval.

The final approval of the comprehensive credit line and quota of the customer shall be finalized by the competent approver according to the customer's credit rating, economic status, credit conditions and guarantee conditions.

4. Issuance.

After the loan conditions are fulfilled, the client can apply for the loan amount from the loan bank at any time according to the demand for the loan.

5. Post-loan management.

The loan bank will supervise and inspect the borrower’s income status and the use of the loan in accordance with the relevant provisions of the loan management. The inspection results shall be recorded in writing and archived and preserved.

6. Loan recovery.

According to the repayment schedule and repayment date stipulated in the loan contract, the borrower repays the principal and interest in full and on time when the repayment is due, and the microloan process ends.

7. One of the short-term micro-credits:Car MortgageApplication process, Cars provided by car loansMortgageSuccessful lending can be handled one day, and the approval amount is high.

The process is as follows: 1) application, 2) vehicle inspection, 3) evaluation, 4) signing, 5) contract, 6) mortgage and other procedures, 7) arrival, 8) repayment

Urgent money? We have reviewed hundreds of micro loan products! Concerned about the WeChat public number "look for a small money" (ID: luxiaodai360), replying to "emergency money", in 2017 no longer afraid to borrow money.

【Exclusive Manuscripts and Disclaimer】 All works marked as “Future 360 ​​Original” must be reproduced, excerpted or otherwise used by any entity, organization or individual without authorization in writing. Has been authorized in writing, indicating the source melts 360. Violations of the above statement inflicted violations of the legal rights and interests of 360 will be legally pursued. The materials and conclusions in the work are for reference only and do not constitute operational recommendations. For written authorization, please email: academy@rong360.com

Comment list (User comments are only for users to express personal views, does not mean that this site agrees with their views or confirms their description)
you may also like
  • What is the personal micro loan application process?  Individual small short-term loans refer to RMB credit loans that are issued by the lender with a time limit of less than one year and less than RMB 300,000 to meet the temporary consumer needs of borrowers. What is the application process for personal microfinance? Apply for a loan to the bank...
  • What is Ali's micro loan application process?  Ali Microfinance A credit loan issued by Ali Finance, the borrower does not need to provide guarantees, can only obtain loans with its own credibility, and uses the creditworthiness of the borrower as a guarantee for repayment. What is the application process for Alibaba’s microfinance loan and what information is needed?
  • The process of applying for personal identification micro-credit  Speaking of microcredit for ID cards, many people have a misconception that they can only get a loan with an ID card. In actual loan operations, ID cards are only one of the conditions for individuals to apply for small loans. Usually, You also need some other auxiliary materials. ...
  • What is the application process of Wangnong Credit?  In the two months of the trial run of the Wangsong Loan of the Internet Banking Corporation, pilot trials have been carried out in the villages under the jurisdiction of 60 counties in 17 provinces such as Shandong, Hebei, Henan, Gansu, Heilongjiang and Guangdong. It is learned that the future will be prosperous. Agricultural loans will accompany rural Taobao and other partners for...
  • What are the procedures for rural women applying for Women's Federation microfinance? Question: Melt 360 loan expert, hello! What are the procedures for rural women applying for the Women's Federation microfinance? Financial 360 loan expert reply: Hello! The rural women applied for a small secured loan to the local women’s federation according to the principle of voluntariness, and they were reviewed by human resources and social security departments...