Personal microfinance conditions

The conditions of personal microfinance include: the applicant is between 18-55 years old; Personal credit information is good, and there is no bad credit record in the credit investigation; The applicant has full capacity for civil conduct; The applicant has a stable source of income and a certain ability to repay the principal and interest; If you apply for online loans, you will also be required to have good online credit.

In addition, different loan products will have specific loan requirements. Please refer to the specific application conditions shown in the loan product. Only when all loan conditions are met can you pass the examination.

The following conditions are required:

1. The borrower must be a Chinese mainland resident;

2. The borrower 18-55 years old, and the age limit of different lending institutions is different;

3. The borrower has full capacity for civil conduct;

4. The borrower has a fixed and legal job and income;

5. The borrower has no bad credit record and has good repayment ability and willingness;

6. Other conditions deemed necessary by the lending institution.

Legal basis:

Interim Measures for the Administration of Personal Loans

Article 11

Personal loan application 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.

Article 12

The lender shall require the borrower to apply for a personal loan in writing, and require the borrower to provide relevant information that can prove that it meets the loan conditions.

Article 13

After accepting the borrower's loan application, the lender shall fulfill the obligation of due diligence, investigate and verify the authenticity, accuracy and completeness of the personal loan application content and related information, and form an investigation and evaluation opinion.

Article 14

The loan investigation includes but is not limited to the following contents:

(1) Basic information of the borrower;

(2) The income of the borrower;

(3) the purpose of the loan;

(4) The source, ability and method of repayment of the borrower;

(5) Guarantor's willingness to guarantee, ability to guarantee, value of collateral (pledge) and liquidity.

Article 15

The loan investigation should be based on on-the-spot investigation, supplemented by indirect investigation, and adopt ways and methods such as on-the-spot verification, telephone inquiry and information consultation.

Article 17

The lender shall establish and strictly implement the loan interview system.

Where low-risk pledged loans are issued through electronic banking channels, the lender shall at least take effective measures to determine the true identity of the borrower.