Legal basis
Article 29 of the General Principles of Loans
Signing a loan contract:
All loans shall be signed by the lender and the borrower. The loan contract shall stipulate the loan type, loan purpose, amount, interest rate, loan term, repayment method, the rights and obligations of the borrower and the lender, the liability for breach of contract and other matters that both parties think need to be agreed.
a loan guarantee contract shall be signed by the guarantor and the lender, or the guarantor shall specify the guarantee terms agreed with the lender in the loan contract, affix the official seal of the guarantor as a legal person, and sign the name of the guarantor's legal representative or its authorized agent. Mortgage and pledge loans shall be signed by the mortgagor, pledger and lender. If registration is required, it shall be registered according to law.