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What is the process of bank lending? What procedures should I go through after the loan

With the rapid development of society, people's consumption concept has also changed dramatically. The demand for housing, car and so on is common. In the case of their own lack of funds, many people will choose to apply for loans from the bank, which needs to be applied for according to the requirements of the bank, so what is the process of bank lending? What procedures should I go through after lending? Let's get to know.

1、 What is the bank loan process

1. Prepare relevant materials and apply to the bank

Application materials generally include loan application form, applicant's ID card, household register, marriage certificate, income certificate, mortgage property right certificate, good credit records of applicant and guarantor. After preparing the relevant materials, the applicant can go to the bank or the law firm entrusted by the bank to check the relevant materials, and pay the relevant fees, then sign a formal loan contract with the bank as the legal basis for constraining both parties.

2. Pre loan approval by bank

After the applicant applies to the bank for a loan, the bank needs to carry out relevant examination and approval on the customer. For the qualified loan applicant, the bank will make a loan examination and approval. If the examination is unqualified, the bank will return the application materials of the loan applicant and make corresponding explanation.

3. Handle other legal procedures

In addition to the loan contract, the loan applicant has to go through some legal procedures. If it is an applicant for a mortgage loan, it is also necessary to register and record the mortgage of the collateral with the relevant departments for future reference.

4. Bank loan

After the relevant procedures of the loan applicant are completed, the bank will examine and approve the loan or submit it to the superior for examination and approval according to the evaluation of the borrower. Then, the bank staff will inform the borrower of the loan amount, loan term, loan interest rate and other relevant details, and issue a loan instruction to transfer the loan into the customer account.

2、 What procedures should I go through after the loan

1. The bank will monitor the flow of funds

After the bank makes the loan, it is not finished yet. The bank will investigate the borrower's capital flow to see whether the borrower's capital is used in the project signed by the loan. If any illegal operation is found, the bank has the right to terminate the loan contract to recover the loan, or to increase the loan interest rate to punish the borrower.

2. The borrower needs to repay on time and handle the loan settlement procedures

The borrower needs to perform the obligation of repayment and interest payment on time. If the borrower is found to be overdue, it will affect his personal credit investigation, increase the interest, and strictly perform the repayment method according to the loan contract signed at that time, which cannot be modified. After the borrower is clear about the loan, he must remember to go through the final procedure, which is the loan settlement procedure. If it is a mortgage loan, it is necessary to go through the mortgage cancellation registration with the relevant departments. After handling, the whole loan relationship and process will be completed.

Editor's summary: the above is the introduction of 'what is the bank loan process in 2018 and what procedures should be done after lending'. I hope you can understand how to get a bank loan more clearly.