Can you introduce the small secured loan policy in detail?

To apply for a small secured loan, you need to meet the following six conditions: First, the applicant must be the object of state support, such as laid-off workers and newly graduated college students. Second, the applicant has a permanent residence in the town of the loan area, and the self-raised venture capital is not less than 20% of the total. Third, I have participated in entrepreneurship training or guidance. Fourthly, the proposed entrepreneurial project is feasible after investigation. Fifth, the applicant provides counter-guarantee according to law and has no bad credit record. Sixth, entrepreneurial projects have established a sound accounting system according to regulations.

Legal objectivity:

Article 35 of the Law of People's Republic of China (PRC) Commercial Bank shall strictly examine the borrower's loan purpose, repayment ability and repayment method. Commercial bank loans shall be subject to the system of separating loan review from grading approval. Article 36 of the Law of People's Republic of China (PRC) Commercial Bank, the borrower shall provide a guarantee for the loan of a commercial bank. Commercial banks should strictly examine the repayment ability of guarantors, the ownership and value of collateral, and the feasibility of realizing collateral. After examination and evaluation by a commercial bank, it is confirmed that the borrower has a good credit standing and can repay the loan, and no guarantee may be provided.