It should be until the lender pays off the loan principal and interest.
2. How long is the guarantee period of the loan guarantor of rural credit cooperatives?
The guarantee period of the loan is
For the loan term of the borrower you guarantee, you should always perform the guarantee obligation until the borrower repays the loan.
That is, joint and several liability, seeking recommendation is a satisfactory answer!
Three, rural credit cooperatives loan guarantor's guarantee period is how long?
Guarantee is divided into general guarantee and joint liability guarantee. Credit cooperatives generally adopt joint and several liability guarantee, and the guarantee period is generally agreed to be within two years after the expiration. If there is no agreement, please refer to Article 25 of the Guarantee Law: If the guarantee contract stipulates that the guarantor shall bear the guarantee responsibility until the principal and interest of the principal debt are fully paid off, it shall be deemed that the agreement is unclear, and the guarantee period shall be two years from the date of the expiration of the principal debt performance period.
Therefore, if you provide a guarantee on July 1 1 2005 with a term of one year, the loan will expire on July-10, 2006, and the credit cooperative will have no guarantee period on August 6, 2007.
Four, rural credit cooperatives loan guarantor for several years.
The term of the loan guarantor of rural credit cooperatives is generally agreed by both parties, and the general guarantee period is within two years after the expiration. Rural credit cooperatives basically adopt joint and several liability guarantee. If there is no agreement, according to the provisions of Article 25 of the Guarantee Law, the guarantee period is two years from the date when the main debt expires. : 1. Loan targets of rural credit cooperatives: farmers with rural hukou who are mainly engaged in rural land cultivation or other production and business activities related to rural economic development. In the service area of rural credit cooperatives, enterprises (legal persons), other economic organizations, individual industrial and commercial households or natural persons with People's Republic of China (PRC) nationality and full capacity for civil conduct approved and registered by the administrative department for industry and commerce may apply for loans from local rural credit cooperatives. 2. Process of handling credit cooperatives loan: 1) Credit rating of farmers. The credit rating of farmers is divided into three grades: excellent, good and general. The credit rating of farmers is determined by the basic situation of farmers, assets and liabilities, production and operation, reputation and other indicators. 2) Approve the credit line of farmers. According to the credit rating of farmers, farmers' capital demand and bank credit, the loan amount is issued. 3) After the line inspection is completed, a loan certificate will be issued to the successful licensee. Take households as the unit, and each household has one certificate. 4) loan application. When farmers apply for loans, they can apply for loans within the credit line with their loan certificates and valid ID cards (or household registration books). 5) Loan issuance and regular repayment. 3. Corporate loan 1) The borrower is a shareholder of the lead agency of corporate loan and has opened a deposit account in this agency. 2) The purpose of the loan conforms to the national industrial policy, the production and operation are normal, the operating performance is good, and the principal and interest of the loan can be repaid on schedule. 3) Good credit and no record of non-performing loans. 4) Movable property, real estate and rights and interests that can provide effective guarantee or mortgage (pledge). 5) Other conditions stipulated by the lender. 4. Conditions of the loan guarantor of the rural credit cooperatives: The conditions of the loan guarantor of the rural credit cooperatives are relatively simple, as long as the loan guarantor of the rural credit cooperatives has sufficient repayment ability, good credit record and has not done any illegal acts. Those who meet the above conditions can serve as guarantors of loans from others in rural credit cooperatives.