What is the lending process of microfinance companies?

The lending process of microfinance companies is as follows:

1, negotiation (including project overview, amount, interest rate and mortgage guarantee method)

2. Evaluation (property value or guarantor's compensation ability)

3. Risk preliminary examination (check with the original, the risk is controllable, continue to the next step, and direct rejection is not allowed)

4. Collect information and write a loan investigation report.

The loan review committee will approve it.

6. Mortgage registration or guarantor's signature.

7. Sign legal contracts such as credit contracts and loan contracts.

8. If the financial audit contract is correct and other warrants are obtained, the loan can be released.