Both principal and interest need to be repaid. If you can't repay the loan within the specified time, there will be problems in credit reporting.

If there are financial problems in the end, the bank will sue three borrowers through legal procedures and enforce the borrowers' property through the court, and each borrower is obliged to repay the loans for the other two borrowers.

In other words, three families are tied together. If your rural special case can be mortgaged, you can sign a joint guarantee contract after passing. * * * With the guarantee, more than three villagers voluntarily form a joint guarantee group, and the other two households guarantee. Agricultural Bank's three-family joint guarantee loan was successful.

Three-household joint guarantee is a credit guarantee loan without collateral, so the interest rate is generally set on the high side. The interest rate of general rural credit cooperatives is about 100%.

How to repay is determined according to the actual situation of the enterprise, and interest is generally settled quarterly. Repayment is due, but some enterprises are under great pressure. If they repay once, they can also take the form of average capital, and pay back a little every month.