What is the Bank of China loan process?

The Bank of China Salary Loan product can not only be applied for by the individual employee, but also initiated by the employee's unit, the Bank of China door-to-door handling of the relevant application procedures, to provide convenient and fast active credit services for the employees of enterprises and institutions. \x0d\ Bank of China loan amount: 2-3 times the employee's annual income, in principle, not more than 500,000 yuan. Those who meet the criteria of Bank of China's Level 3 Wealthy Customers can increase the loan amount accordingly. \x0d\ Bank of China loan period: generally one year, can be extended to three years depending on the purpose of the loan. \x0d\ Bank of China Loan Purpose: The loan can be used for all legal and compliant consumer expenditures such as home improvement, car purchase, education, medical care, etc. It cannot be used for non-declared purposes and personal expenditures prohibited by laws and regulations. \x0d\\ Bank of China loan features: revolving use, withdraw as you go. \x0d\ Bank of China Loan Guarantee: Credit loan, no need to pledge guarantee. According to the needs of the unit and employees, flexible and easy guarantee methods such as unit guarantee and mutual guarantee of employees can be adopted to maximize the loan amount. \x0d\\ The process of obtaining a Bank of China loan \x0d\ I. Individual employee application, please see the application conditions for personal credit revolving loan, please contact the local branch for the specific process; \x0d\ II. Recommendation: enterprises and institutions to initiate the application, the Bank of China initiative services, batch start. \x0d\ 1, enterprises and institutions to the local Bank of China demand. \x0d\ 2, Bank of China visits to collect employee information (proof of identity of the person and spouse, household registration, marriage certificate, proof of income, statement of the purpose of the loan or supporting documents, etc.), face-to-face signing of relevant documents. \x0d\ 3, Bank of China approves the employee's materials and communicates with the employee to sign the loan contract based on the results of the approval and go through the disbursement procedures. \x0d\ 4, the employee according to the need at any time to use the money, a single use of money all settled immediately after the restoration of the amount of money used. \x0d\ For enterprises and institutions initiating payroll loan products, such as through the Bank of China for payroll business, you can get more convenience in the loan amount, approval time and other aspects.