(1) Application: Submit relevant materials required for applying for a loan.
(2) Audit: After the submitted materials are complete, the guarantee company will verify the authenticity of the materials.
(3) Agreement: After passing the examination, sign relevant agreements with banks and guarantee companies.
(4) Lending: The bank issues loans and deposits them in the borrower's account, which is decided by the borrower.
(5) Repayment: Repay in full and on time every month as agreed in the contract.
(6) Settlement: The borrower pays off the loan principal and interest and the guarantee fee in full and on time, and goes through the settlement procedures.
Due to the high marketing cost of banks, it is difficult for small enterprises to apply for loans directly from banks, which leads to small enterprises having to seek help from financing institutions such as guarantee institutions when they have financing needs. The cost of selecting customers for guarantee institutions is relatively low, so selecting high-quality projects to recommend to cooperative banks will improve the success rate of financing and reduce the marketing cost of banks.
In addition, in terms of risk control of loans, banks are also reluctant to put them on the Internet. An important reason is that the management cost of such loans is high, but the benefits are not obvious. For this kind of loan, the guarantee institution can optimize the management process of the loan, form personalized service of post-loan management, share the management cost of the bank, and avoid the worries of the bank.
Secondly, after the risk is released, the advantages of guarantee institutions are irreplaceable. The project of bank direct loan is risky, and the disposal of collateral often takes a long time, with high litigation cost and poor liquidity. The cash compensation of guarantee institutions has greatly solved the problems that banks are difficult to deal with. Some guarantee institutions can compensate after loans overdue 1 month (or even three days of investment guarantee), and the bank's non-performing loans will be eliminated in time, and then the guarantee institutions can resolve the risks through their more flexible handling methods than banks.
What is the loan process of the guarantee company and how to repay it?
First, the guarantee company loan business process:
1. Application: The enterprise applies for loan guarantee.
2. Inspection: inspect the operation, financial status, mortgaged assets, tax payment, credit status, business owners, etc. of the enterprise, and initially determine whether to guarantee.
3. Communication: communicate with the lending bank to further grasp the enterprise information provided by the bank and clarify the amount and term of the loan to be granted by the bank.
4. Guarantee: Sign legal procedures such as guarantee and counter-guarantee agreement, asset mortgage and registration with enterprises, sign guarantee contract with loan banks, and formally establish guarantee relationship with banks and enterprises.
5. Lending: The bank issues loans to enterprises on the basis of reviewing the guarantees, and at the same time collects guarantee fees from enterprises.
6. Tracking: tracking the loan usage and operation of enterprises, and directly tracking and checking the operation of enterprises through quarterly tax payment, electricity consumption and cash flow increase and decrease.
2. Repayment: You can repay the bank normally.
Extended data:
Matters needing attention in loan of guarantee company
First, any investment is risky. A good guarantee company will have a complete risk control system and an excellent risk prevention and control continuous learning mechanism. This is particularly important when choosing a guarantee company. Only by controlling the risks can the interests of investors be guaranteed.
Second, the legal text is rigorous and standardized. Old-established guarantee companies often strictly abide by national laws and regulations, and will not operate illegally for short-term interests, nor will they touch the "high-voltage line" of the industry. In operation, any violation or unexpected factors may pose a potential threat to the interests of investors, so it is necessary to formulate a rigorous legal text to clearly stipulate the rights and obligations of investors, borrowers and guarantors in the contract. Only in this way can the interests of all parties be fully guaranteed. This is also an important aspect of judging guarantee companies.
Third, fully understand the assets and social reputation of the guarantee company. Usually, a good guarantee company has good assets and mature operation mode, which will win it a good social reputation and reputation.