Bank of China's small-amount guaranteed loan guarantee for laid-off and unemployed persons:

1. The borrower's application for a small-amount guaranteed loan from Bank of China will be guaranteed by the laid-off and unemployed persons' small-amount loan guarantee fund. The lender should sign a cooperation agreement with the credit guarantee institution entrusted by the local government to operate this guarantee business.

2. The loan guarantee cooperation agreement signed by both parties should make it clear that the guarantee promised by the loan guarantee institution to the borrower is an irrevocable joint liability guarantee; the loan guarantee institution should open a special loan guarantee fund in the handling bank. account; the balance of Bank of China's small guaranteed loan liability shall not exceed five times the balance of the loan guarantee fund account; the guarantee institution shall perform the subrogation liability within a period of no more than three months from the date of receipt of the bank's request to assume the guarantee liability. .

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

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