Personal loan is a kind of credit. It is a kind of credit. Generally speaking, credit can be divided into personal loan and corporate loan. Personal loan can also be divided into housing loan, car loan, consumption loan, etc., and corporate loan can be divided into institutions, companies, etc. According to the relevant laws and regulations of our country, commercial banks should strictly review the borrower's loan purpose, repayment ability, repayment method, etc. Commercial banks should implement a system of separation of loan examination and approval at different levels.
Legal basis
Article 35 of the Law of the People's Republic of China on Commercial Banks A commercial bank should strictly examine the borrower's use of the loan, repayment ability, repayment method, etc. Commercial banks should implement a system of separation of loan examination and approval at different levels. Article 36 of the Law of the People's Republic of China on Commercial Banks The borrower shall provide guarantee for the loan of a commercial bank. A commercial bank shall strictly examine the repayment ability of the guarantor, the ownership and value of the mortgaged property and pledge, and the feasibility of realizing the mortgage and pledge. If the commercial bank confirms that the borrower has good credit standing and can repay the loan after examination and evaluation, it may not provide guarantee.
