How Do I Get a Loan Without a Cosigner?
definition
Personal entrusted loan
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- definition
- The so-called personal entrusted loan refers to the funds provided by the client.
- Wide business scope: the client can be a government agency, enterprise, institution or individual; multiple repayment methods: banks can provide multiple repayment methods for the client to choose; simple procedures and good service: simple procedures for entrusted loans Provide loans to clients, loans, management and recovery services, and also provide borrowers with consulting services such as inquiries.
- Requirements for a client: The client is a government agency, enterprise, or individual. You should open a deposit account with the bank and deposit the entrusted loan funds one or more times. The amount of the entrusted loan must not exceed the amount of the entrusted loan funds deposited by the client. Requirements for Borrowers: Borrowers of personal entrusted loans must be natural persons with full capacity for civil conduct and have valid and valid identity certificates. The borrower must open a personal account with the bank, and the single loan amount is not less than 50,000 yuan. Entrusted loans are issued and repaid through personal accounts opened by the borrower with the bank.
- First, the client submits an application for lending to the bank.
- The second is that the bank selects and matches according to the conditions and requirements of the two parties, and recommends them to the client and the borrower.
- The third is that the client and the borrower meet directly, on specific matters and details such as borrowing
- The client must prepare the following information:
(1) legal identity documents;
(2) Power of attorney for entrusted loan business;
(3) Certificates or statement materials of the source of the entrusted loan funds;
(4) settlement accounts;
(5) Other materials required by the handling bank.
The borrower must prepare the following information:
(1) legal identity documents;
(2) Proof or statement materials for loan use;
(3) settlement accounts;
(4) Other materials required by the handling bank and the client.