Hello! I brought a lecture today on the credit cycle. Credit loans are loans based on the creditworthiness of borrowers and do not require a guarantee from the applicant。

Credit loans can take up to a few years

Let's start with the general concern, "How long can we borrow credit? In general, the duration of credit loans is five years. However, only highly qualified users can borrow up to five years. Further, since credit loans do not require collateral or guarantees, the risk to the lending institutions increases, so that they may intend to reduce the duration of the loan. On the other hand, credit lines are not too high to prevent excessive risk。

So how do you apply for a personal loan in a bank? I'll tell you next。

First, we need to prepare the relevant applications for bank verification before we start applying

Second, to make an explicit application to the bank for a loan and to submit the loan application form and other necessary materials

The loan approval process is then initiated. Following your application, the bank usually transmits your application to a cooperative law firm for a round of review and, if the first instance is passed, the loan unit of the bank commences review and third instance

Finally, after approval, the bank sends out a loan. When you have been notified of the successful application for a loan, the bank transfers the loan to your bank account within five working days。

This is the whole process of how credit loans can be borrowed up to the maximum. I hope this information will help you. Thank you for reading here