Has Wanda’s pending loan passed the review?

Pending disbursement means that the loan has been successful and is waiting for the bank to deposit the money into the customer's account.

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds according to certain interest rates and must be returned. Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts. Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development; at the same time, banks can also obtain loan interest income and increase their own accumulation.

1. Lending is also called "loan". It is a lending activity in which banks or other credit institutions provide monetary funds to those in need based on certain interest rates and conditions such as repayment. The People's Construction Bank of China provides infrastructure loans, technological transformation loans, discounts, overdrafts and other forms of bank lending to capital construction enterprises.

2. Lending refers to lending based solely on the borrower’s credit without providing collateral. Credit lending can enable the borrower to obtain additional capital and promote the expansion of production and circulation scale. Therefore, credit lending is A type of capital lending. It is one of the forms of bank lending. The risk of issuing credit loans is generally greater than other loans, so the interest rates are higher and many conditions are often attached.

Conditions for applying for loan business:

Natural persons aged 18 to 65 years old;

The actual age of the borrower plus the loan application period should not exceed 70 years old ;

Have a stable career, stable income, and the ability to repay the principal and interest of the loan on time;

Good credit, no bad records, and the loan purpose is legal;

Bank regulations other conditions.

It is recommended to apply for a loan through bank channels. China Merchants Bank has launched a flash loan business. Currently, you can only apply through mobile banking, or check whether you are eligible to apply.

If you hold a China Merchants Bank savings card, you can log in to mobile banking and go to "My → All → My Loans → My Flash Loan" to enter the application page.

The maximum loan amount is 300,000 yuan, and the minimum is 1,000 yuan; your specific amount will be assessed based on your business situation in China Merchants Bank, and you can view it after successful application.

After submitting the application, if manual verification is required, you will receive a text message "Dear Mr./Ms. **! Our bank needs to verify the "Flash Loan" loan application information with you later. We will contact you at 0755-88815555, please keep the phone open."