If the loans of rural credit cooperatives are not paid off, they can continue to lend during the loan period and repay normally.
Because credit cooperatives are cooperative financial organizations established by farmers and rural collective economic organizations in a certain area, it is determined that their service scope must ensure the capital demand of farmers' production and life in this area and support the economic development in this area.
In addition, because credit management is a special form of monetary movement, it is a lending activity of credit cooperatives to provide monetary funds to customers according to certain interest rates, repayment periods and other conditions, and it is a process of social capital redistribution.
Therefore, it is bound to be restricted by the local economic conditions, financial strength, management level and even cultural quality, which makes the loan fund movement of credit cooperatives have obvious regional characteristics.
Extended data
Although loans from rural credit cooperatives and private lending are both lending behaviors, they are essentially different. The most fundamental difference is that the loans of rural credit cooperatives are protected by national laws. If the interests of borrowers are infringed, they can safeguard their legitimate rights and interests through legal channels.
But private lending is different, and the protection of private lending by law is conditional. For example, the interest rate of private lending exceeds four times that of similar loans of banks, and the excess is not protected by law.
Can rural credit cooperatives get loans from loans verified?
You can borrow it.
If you really need funds at present, you can consider lending after approval, which is of course more cost-effective.
Can the company borrow money from the credit union twice?
Of course. Credit cooperatives can borrow twice, in two cases. As long as the user has enough repayment ability, he can borrow twice in the credit cooperative. Credit cooperative loans are enterprises that provide financial services to members. They need to submit loan application materials, evaluate their credit, set corresponding loan limits, and issue loans to lenders.
How to get a second loan to a credit cooperative's revolving loan
Credit cooperatives can make secondary loans, which can be divided into two situations. The first case is to apply for a second loan after the previous loan is settled; The second situation is that the loan is still being repaid and you want to apply for a second loan.
1. Is the three-year revolving loan paid off within one year or three years?
The three-year revolving loan of the credit cooperative will be paid off within one year. Provide loans on demand during the three-year credit period. How long is the loan term? It must be paid off before it expires. Personal revolving loan refers to a personal loan business in which a natural person applies for and provides a guarantee or credit condition that meets the requirements of the bank (generally real estate is used as collateral), and the borrower is granted the highest amount of credit with the approval of the bank, and the borrower can repay it with the loan within the validity period. The dominant balance control and recovery of personal revolving loan: the loan is balance control, and the borrower can match the amount used each time within the quota and term. After the loan is returned, it can continue to be recycled until it reaches the highest balance or expires.
Second, I have made loans in rural credit cooperatives. Can I borrow it again?
If the previous loan is repaid, you can continue to borrow. If you don't pay back, you can continue to borrow as long as you keep paying back on time. The general loan conditions are: a China citizen with full civil capacity who has a fixed residence in China, or a fixed residence (or valid residence certificate) in a local town, or a fixed business place; Have a legitimate occupation and stable economic income, and have the ability to repay the principal and interest of the loan on time; No bad credit record, loans can not be used for buying houses, stock trading, gambling and other acts; As long as you meet the general loan application conditions of banks and provide ID card, proof of stable address and proof of stable income source, you can handle microfinance business.
If you have had loan experience and proved that you have repayment ability in this credit cooperative, the second loan should be easy to pass, but the contract procedures still need to be re-signed.