Farmers' guaranteed loan: refers to farmers, who can apply for loans from the Postal Savings Bank only by having one or two people (depending on the loan amount) with fixed jobs and stable income as their loan guarantors. The maximum loan amount for each farmer is 50,000 yuan temporarily.
Merchant joint guarantee loan: refers to a joint guarantee team composed of three individual industrial and commercial households with business licenses or owners of sole proprietorship enterprises, who can apply for loans from the Postal Savings Bank without other guarantees. The maximum loan amount for each merchant is temporarily 6,543,800 yuan (200,000 yuan in some areas).
Merchant-guaranteed loan: refers to the owner of an individual industrial and commercial household or a sole proprietorship enterprise with a business license, who can apply for a loan from the Postal Savings Bank only by having one or two people (the number depends on the loan amount) who have a fixed job and a stable income as their loan guarantors. The maximum loan amount for each merchant is temporarily 6,543,800 yuan (200,000 yuan in some areas).
The steps/processes/procedures of loan are that you submit your personal loan demand and general information to the bank or loan product agency, and then the bank conducts a preliminary review of the loan application of the loan applicant, arranges a special person to contact the loan applicant, and if the contact person passes the preliminary review, instructs the loan applicant to provide the required materials, and then conducts an audit to finally release the loan.