2. If the loan intermediary knows the materials needed for the loan and the handling process, it can let the borrower prepare the relevant materials in advance, which will save a lot of time. Finally, loan intermediaries have good relations with banks and other lending institutions, which can improve the efficiency of loan application, so borrowing through excellent loan intermediaries can save a lot of trouble.
Legal basis: Civil Code of People's Republic of China (PRC).
Article 961 An intermediary contract is a contract in which the intermediary reports to the client the opportunity to conclude a contract or provides media services for concluding a contract, and the client pays the remuneration.
Article 962 The broker shall truthfully report to the client the matters related to the conclusion of the contract.
If the broker intentionally conceals important facts related to the conclusion of the contract or provides false information, which harms the interests of the client, he shall not ask for payment of remuneration and shall be liable for compensation.