before lending, banks will evaluate people's credit. It is necessary to evaluate whether the loan can be repaid. If there is no room, it will be difficult to have a job.
loan refers to a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Simple and popular understanding means borrowing money with interest.
loans in a broad sense refer to loans, discounts, overdrafts and other lending funds. Banks put the concentrated money and monetary funds out through loans, which can meet the needs of society to expand reproduction and promote economic development; At the same time, banks can also obtain loan interest income and increase their own accumulation.