Q1: WHAT IS A PERSONAL LOAN

A1: PERSONAL LOANS ARE FINANCIAL SERVICES FOR WHICH INDIVIDUALS APPLY TO FINANCIAL INSTITUTIONS FOR LOANS TO MEET THEIR CONSUMPTION OR INVESTMENT NEEDS。

Q2: HOW TO APPLY FOR PERSONAL LOANS

A2: YOU CAN CHOOSE TO SUBMIT A PERSONAL LOAN APPLICATION TO A FINANCIAL INSTITUTION SUCH AS A BANK, CREDIT UNION OR INTERNET FINANCIAL PLATFORM, FILL OUT THE RELEVANT FORMS AND PROVIDE THE NECESSARY PERSONAL INFORMATION。

Q3: WHAT MATERIALS ARE NEEDED FOR PERSONAL LOANS

A3: THERE IS A GENERAL NEED FOR MATERIALS SUCH AS IDENTIFICATION, WORK, INCOME, BANK FLOW, ETC., WHICH MAY VARY FROM ONE FINANCIAL INSTITUTION TO ANOTHER。

Q4: WHAT IS THE INTEREST RATE ON PERSONAL LOANS

A4: THE INTEREST RATE FOR PERSONAL LOANS DEPENDS ON THE AMOUNT OF THE LOAN, ITS DURATION, AND THE MANNER IN WHICH IT IS REPAID。

Q5: WHAT ARE THE WAYS IN WHICH INDIVIDUAL LOANS CAN BE REPAID

A5: THE USUAL FORM OF REPAYMENT OF PERSONAL LOANS IS EQUIVALENT PRINCIPAL, EQUIVALENT PRINCIPAL, MONTHLY PAYMENTS, ETC., DEPENDING ON YOUR NEEDS AND THE PRODUCTS PROVIDED BY THE FINANCIAL INSTITUTION。

Q6: HOW IS THE AMOUNT OF PERSONAL LOANS DETERMINED

A6: THE AMOUNT OF PERSONAL LOANS MAY VARY FROM ONE FINANCIAL INSTITUTION TO ANOTHER, DEPENDING ON A COMBINATION OF FACTORS SUCH AS YOUR CREDIT RECORD, INCOME STATUS, USE OF THE LOAN。

Q7: HOW LONG IS THE AUDIT CYCLE FOR INDIVIDUAL LOANS

A7: THE AUDIT CYCLES FOR INDIVIDUAL LOANS VARY ACCORDING TO THE DEGREE OF COMPLETENESS OF THE FINANCIAL INSTITUTIONS AND APPLICATIONS, USUALLY BETWEEN DAYS AND WEEKS。

Q8: WHAT ARE THE CONDITIONS FOR APPLYING FOR PERSONAL LOANS

A8: BORROWERS ARE GENERALLY REQUIRED TO BE MAINLAND CHINESE RESIDENTS OVER THE AGE OF 18 YEARS AND TO BE ABLE TO PROVIDE PERSONAL INFORMATION AND GUARANTEES THAT MEET THE REQUIREMENTS OF FINANCIAL INSTITUTIONS。

Q9: WHAT IF THERE ARE OVERDUE PAYMENTS

A9: IN THE EVENT OF OVERDUE PAYMENTS, THE FINANCIAL INSTITUTION SHOULD BE CONTACTED AND INFORMED IN A TIMELY MANNER AND THE REPAYMENTS SHOULD BE MADE OR NEGOTIATED IN INSTALMENTS AS SOON AS POSSIBLE IN ORDER TO AVOID THE CREATION OF A BAD CREDIT RECORD。

Q10: WHAT ARE THE REASONS FOR THE REJECTION OF THE LOAN APPLICATION

A10: LOAN APPLICATIONS MAY BE REJECTED FOR REASONS SUCH AS POOR PERSONAL CREDIT RECORDS, NON-CONFORMITY OF INCOME, INADEQUATE SECURITY CONDITIONS, ETC., FOR WHICH FINANCIAL INSTITUTIONS MAY BE CONSULTED。