How do ordinary people get loans from banks?

Step 1: Apply. The borrower needs to fill in the loan application form and submit the information to the bank. It should be noted that different types of loans need to submit different materials, so I suggest that you consult the bank about what materials we need to prepare ourselves when lending.

Usually the materials include ID card, education certificate, professional title certificate, work certificate and other materials, which are the basic information of the borrower; There are also proof of repayment ability, such as bank flow and income certificate, collateral and so on.

Step two: accept. At this time, the bank will verify according to the relevant information provided by the borrower. If the adjustment conditions are met, then enter the next step, that is, the signing stage. If you don't meet the requirements, you can't get a loan.

Here, the bank will evaluate our comprehensive situation, including credit information and assets, and decide the loan interest rate and loan amount we can get. The better the comprehensive evaluation, the lower the interest rate and the higher the loan amount. Conversely, the higher the interest rate, the lower the loan amount.

Step 3: Contract. This stage is the stage of signing a loan contract. In the loan contract, the loan type, loan purpose, amount, interest rate, term and so on will be agreed. We must observe it carefully.

Step 4: issue. After the contract comes into effect, the bank will give us a loan, but remember to repay the loan principal and interest on time. Some people forget the repayment period, which leads to overdue, which has a bad influence on credit reporting and also produces penalty interest.