What are the loan conditions, procedures and rates of rural credit cooperatives?
Micro-credit loans for farmers depend on the production and operation cycle of farmers, and in principle, they shall not exceed three years. The loan interest rate is based on the benchmark loan interest rate published by the People's Bank of China.
What is the interest rate of small loans of rural credit cooperatives?
Small credit loans for farmers are determined according to the cycle of farmers' production and business activities, and in principle, they shall not exceed three years. The loan interest rate is based on the benchmark loan interest rate published by the People's Bank of China, and the interest settlement method is the same as that of general loans, with interest settlement once a month (quarterly).
The annual interest rate of each loan is%
5.85 for 6 months
1 year 6.3 1
1-3 years 6.40
3-5 years 6.65
More than 5 years 6.80
Provident fund loan
Less than 5 years (including 5 years) 4.20
More than 5 years 4.70
Farmers' micro-credit loans must meet the following conditions:
1. Farmers or individual farmers in the community have full capacity for civil conduct.
2. Strong credit concept and good credit status.
3, engaged in land farming or other breeding business activities in line with national industrial policies, and have a reliable source of income.
4, the family must have the ability to understand the production or management of labor.
What are the provisions on the use and arrangement order of small credit loans for farmers?
1. Loans for agricultural production expenses such as aquaculture and aquaculture are loans for fertilizers, pesticides, seedlings, seeds and feed.
2. Individual and private loans for agricultural production.
3, agricultural machinery loans, for cattle, pumps, threshers and other small agricultural machinery.
4, small-scale irrigation and water conservancy capital construction loans.
What are the procedures for issuing micro-credit loans to farmers?
1. Farmers apply for loans from credit cooperatives.
2. The loan officer investigates farmers' demand for production funds and family income, grasps the borrower's credit status, and puts forward preliminary opinions.
3. The credit rating team determines the loan amount and issues the loan certificate according to the information provided by the credit personnel.
4. Farmers can apply for loans to the credit cooperatives once or several times according to the prescribed procedures with the loan certificate within the approved quota.
The amount of micro-credit loans for farmers is based on the credit rating of farmers. When evaluating the credit rating and amount, the rating should be based on the opinions of local credit officers or representatives of prestigious members, villagers' groups and information provided by village committees. According to different grades, different loan quotas are approved once a year, with a maximum amount of 20,000 yuan.