I. Conditions for applying for small loans:
1. He is a Chinese mainland resident aged 18.
2. Have a stable address and place of work or business.
3. Have a stable source of income.
4. Without a bad credit record, the loan cannot be used for stock trading and gambling.
5. Other conditions required by the bank.
Two. Microfinance processing flow:
1. Submit an application to a local bank or lending institution.
2. Prepare all kinds of materials needed for the loan.
3. Face-to-face signing of banks or lending institutions.
4. Banks review the qualifications of lenders.
5. Approved and successful loans.
Second, how to get a loan with bad credit?
For people with poor credit information, you can try three ways to get loans. These three methods are:
1. Handling mortgage loans: It is more difficult for people with bad credit to apply for loans from financial institutions only by relying on their own credit. So you can consider applying for a mortgage loan. Generally speaking, real estate, cars, valuable antique calligraphy and painting, and the equity of listed companies can all be used for mortgage loans.
2. Choose a low-threshold online lending platform: At present, some online lending platforms with low thresholds can also be tried, and bad credit may also be successful. However, the lending amount of online lending platforms is often relatively low, especially for people with poor credit. Sometimes, the loan amount you can get is only a few thousand yuan, or even a few hundred yuan.
3. Waiting for the credit record to be eliminated: According to the regulations, the bad credit record will be automatically eliminated after everyone pays off the debt after 5 years. Generally speaking, there is a bad record of more than 2 years, and the negative impact is not great. Therefore, after the bad record is eliminated or the negative impact is weakened, you can apply for a loan.