1. Have a fixed residence in China, hold a valid residence permit or account, and have normal capacity for civil conduct.
In order to ensure that the loan can be repaid, you must have a stable income and a proper occupation.
3. The unit to which the lender belongs must be recognized by the lending institution, have cooperative relations, and need the lending institution to pay wages on its behalf.
4. Individuals have no criminal record, and their credit records should be kept good.
The lender should open a credit card or savings account in the loan bank.
6. Other requirements put forward by the lending institution.
Legal basis: Article 2 of the Interim Measures for the Administration of Financing Guarantee Companies. The term "financing guarantee" as mentioned in these Measures refers to the act that the guarantor agrees with creditors such as banking financial institutions that when the guarantor fails to perform the financing debts owed to the creditors, the guarantor shall bear the guarantee responsibilities stipulated in the contract according to law. The term "financing guarantee company" as mentioned in these Measures refers to limited liability companies and joint stock limited companies established according to law and engaged in financing guarantee business. The term "regulatory authorities" as mentioned in these Measures refers to the departments designated by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government to be responsible for the supervision and administration of financing guarantee companies in their respective jurisdictions.