202 1 Latest Policy on Microfinance for Poverty Alleviation

1. Support the population to get rid of poverty by setting up a file and establishing a card, and issue loans from house to house. Marginal poor households can refer to the implementation.

2. The loan amount is within 50,000 yuan (inclusive) in principle.

3. The loan term is within 3 years (including 3 years).

4. Loan interest rate: Banking institutions are encouraged to issue loans according to the loan market quotation (LPR), which can fluctuate according to the borrower's credit rating, repayment ability and loan cost. The loan interest rate below 1 year (inclusive) shall not exceed 1 year LPR, and the loan interest rate from 1 year to 3 years (inclusive) shall not exceed 5 years LPR. The loan interest rate remains unchanged during the loan contract period.

5. The guarantee method is free of guarantee and mortgage.

6. The loan shall be used for the development, production and operation of the loan households, and shall not be used for non-productive expenses such as marriage, building, wealth management, purchase of household items, or handed over to enterprises or other organizations in the form of dividends, loans and index exchange.

7. Loan conditions

(7. 1) The loan applicant must abide by the law, be honest and trustworthy, have no major bad credit record, and have full capacity for civil conduct;

(7.2) Credit must be granted through bank rating, with loan willingness, necessary labor production skills and certain repayment ability;

(7.3) Loan funds must be used for industries and projects that do not violate laws and regulations and have certain market prospects;

(7.4) In principle, the age of the borrower should be between 18 years old (inclusive) and 65 years old (inclusive).

It is true that poor households borrow 50 thousand yuan for three years without interest;

On the question of "whether a rural hukou can borrow 50,000 yuan for three years without interest", we have to start with the rural hukou loan policy. Some areas do have a policy of 50,000 interest-free rural hukou for three years, but not everyone can get such a loan qualification, and certain conditions need to be met, as follows:

1. Interest-free loans are for people who want to get a small interest-free loan of 50,000 yuan for three years. Lenders need to be poor rural households who have set up a file and set up a card, poor college students who have graduated from school or are ready to start a business, or unemployed demobilized rural poor soldiers. His age needs to be 18 to 45 years old, with full capacity for civil conduct.

2. Lenders need to have certain repayment ability. As far as the lender is concerned, in addition to meeting the loan application conditions, it also needs to have a certain repayment ability, and issue a certain valuation report and collateral for the mortgaged items, which can be real estate mortgage, certificate of deposit mortgage, securities or third-party guarantee.

There are many preferential policies for loans without other small guarantees. For applicants who want to enjoy 50,000 interest-free for three years, their demand is that they have never enjoyed other preferential policies for small-sum secured loans, and poor households can only borrow 50,000 at most a year.

4. Applicants for small interest-free loans with no illegal acts and bad records must be talents with good credit and no illegal acts and bad records. It is reported that people with three or more bad credit records will not apply for small interest-free loans.