1. Credit evaluation: The microfinance company will evaluate the borrower's credit, including credit history, repayment ability and personal income. If the borrower's credit evaluation results are good and meet the company's risk tolerance, then the company will be willing to lend money.
2. Application materials: The borrower needs to submit necessary application materials, including identity certificate, income certificate, bank account, etc. The application materials are complete, true and effective, which is helpful to improve the possibility of lending.
3. Purpose of the loan: The borrower needs to specify the purpose of the loan, which is legal and compliant. The company will evaluate the rationality and risk of loan use.
4. Interest rate and repayment period: The company will determine the loan interest rate and repayment period according to factors such as loan amount, term and borrower's credit status.