At present, domestic rural credit cooperatives mainly serve farmers, agriculture and rural areas. The loans of rural credit cooperatives are mainly short-term and medium-and long-term loans, often in the form of credit, guarantee, mortgage and pledge. So, are rural credit cooperatives good at lending?

Are rural credit cooperatives good at lending?

According to the current regulations of rural credit cooperatives, it is still a good loan. As long as the loan applicant is not overdue or has bad personal assets, it is relatively easy to apply for a loan in a rural credit cooperative. To put it simply, whether a rural credit cooperative loan is good or not depends on the personal qualification and personal credit of the loan applicant.

Generally speaking, an applicant who wants to apply for a loan from a rural credit cooperative needs not only to meet the conditions stipulated by the bank, but also to have good personal qualifications and credit. If they have poor personal qualifications or bad credit records, it is difficult to apply for loans from rural credit cooperatives.