According to Article 11 of the Interim Measures for the Administration of Personal Loans, applying for personal loans shall meet the following conditions:
(a) the borrower is a citizen of People's Republic of China (PRC) 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:
Is the Interim Measures for the Administration of Personal Loans (hereinafter referred to as the Measures) standardized? Banking financial institutions? Personal loan? Business behavior, strengthen the prudent management of personal loan business, effectively prevent risks, promote the healthy development of personal loan business, improve the refined level of credit asset management, and build a harmonious credit culture.
China Banking Regulatory Commission (hereinafter referred to as "CBRC") is drafted and formulated in accordance with the Banking Supervision Law of the People's Republic of China, People's Republic of China (PRC) Commercial Bank Law and other laws and regulations, and on the basis of comprehensively drawing on and absorbing the advanced management experience of personal loan business at home and abroad. ?
Article 16 On the premise of not damaging the legitimate rights and interests of the borrower and controlling risks, the lender may prudently entrust a third party to handle some specific matters in the loan investigation, but the qualifications of the third party must be made clear. The lender shall not entrust all matters of loan investigation to a third party.
Article 21 The lender shall notify the borrower of the unapproved personal loan application.
References:
Baidu Encyclopedia-Interim Measures for the Administration of Personal Loans