According to Article 11 of the Interim Measures for the Administration of Personal Loans, applying for personal loans shall meet the following conditions:
(1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state;
(2) The purpose of the loan is clear and legal;
(3) The amount, duration and currency of the loan application are reasonable;
(4) The borrower has the willingness and ability to repay;
(5) The borrower's credit status is good and there is no significant bad credit record;
(6) Other conditions required by the lender.
Extended data:
The retention period of personal bad information by credit reporting agencies is 5 years from the date of termination of bad behavior or incident; More than 5 years, should be deleted.
The information recorded by the credit information system includes positive and positive information, as well as some negative information. It mainly includes the failure to repay the principal and interest according to the time required by the contract after the loan relationship with the bank, and the situation of default and repayment will be truthfully reflected in the credit record, which will have a negative impact on personal credit.
Too much talk about the interim measures for the administration of county government-personal loans