I. Credit loans
Credit loans of rural credit cooperatives are only for natural persons with good reputation and strong repayment ability who want to live in the jurisdiction of the credit cooperatives for a long time and have full civil capacity in agricultural registered permanent residence. Generally speaking, the amount is low. How to handle it: first, prepare your own and your spouse's ID card and household registration book, and then go to the credit union to find a loan officer to apply for a loan. The loan officer will conduct a pre-loan investigation, which generally includes the borrower's production and operation projects, whether the borrower is a permanent resident in the region, the borrower's civil capacity, income, expenditure, loan purpose, loan amount, previous personal credit records, family situation and so on. If he thinks you meet the requirements of small-scale farmers' credit loan, then he will handle the loan for you.
Second, secured loans.
Rural credit cooperatives include: farmers' joint guaranteed loans and employees' guaranteed loans. Farmers' joint guarantee loans are risky. You not only have to bear the debt in your own name, but also guarantee for other members of the joint guarantee team, which is easy to go wrong. However, if it is an employee-guaranteed loan, it will be much simpler. You only need to find a stable employee to vouch for you, and it is easy to get a loan. Those who are eligible for protection should be government workers and employees of some institutions. This kind of loan runs faster than mortgage and pledge, and the additional cost is not high. As long as the loan officer can confirm that the guarantor is qualified, he will handle it for you.
3. Mortgage loan or pledge loan.
Mortgage means that you can get a loan by mortgaging the property you have the right to dispose of to the credit union in your name. The loan amount is allocated in proportion to the value of the collateral. For example, the value of your collateral is 500,000 yuan, and the loan given to you by the credit union can't exceed 250,000 yuan in general. The procedures are relatively complicated and the additional fees are high. Pledged loans are handled by using your own or borrowed passbook, or using shares as collateral for credit cooperatives. The advantage of this kind of loan is that the interest rate is generally low, and the loan officer will not do much pre-loan investigation, but if he can borrow a passbook, he should also be able to borrow money.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.