The micro-loans of rural credit cooperative banks pay interest regularly.

Second, what is a rural credit cooperative?

The conditions for applying for a postal bank loan are. For two customer groups. 1, for farmers, it should be engaged in farming and planting. Get married. Find one or two guarantors, and you can borrow up to 50 thousand. 2, it is aimed at merchants. You should have an industrial and commercial business license and have been operating normally for more than three months. And find one or two guarantors, and the maximum loan can be 654.38+ 10,000. It takes about a week from your application to approval, and the money will be transferred to your current account opened in the Postal Savings Bank. There are also venture loans: if the loan amount is less than 1 1,000 yuan, only one guarantor is needed, and if it is more than 1 1,000 yuan, two guarantors are needed without any mortgage. The object of this loan is farmers, urban self-employed and micro-enterprise owners (including sole proprietorship owners, partnership partners, individual shareholders of limited liability companies, etc.). ). The maximum loan amount for farmers is 50,000 yuan, and the maximum loan amount for merchants is 654.38+ 10,000 yuan. There are two ways to apply for a loan: guarantee or joint guarantee. The guarantor of the guaranteed loan must have a fixed occupation or a stable income. If two people guarantee it, one of them must be a civil servant, a teacher, a doctor, a public institution or a formal employee of a large and medium-sized enterprise; A joint guarantee form can be composed of 3-5 lenders, who bear joint liability. There are three repayment methods for postal savings: one-time repayment of principal and interest (with a term of 3 months), equal repayment of principal and interest (with a term of 1 year) and installment repayment (with a term of 1 year). Usually, short-term loans issued by financial institutions are due to repay principal and interest, while the first repayment method of Postal Savings Bank is due to repay principal and interest, and the other two repayment methods will increase the real interest rate of loans. Considering the time value of funds, calculate the real interest rate of two repayment methods: (1) equal principal and interest repayment method: nominal loan interest rate is 15.84%, and (1) real loan interest rate is17.04% according to compound interest; (2) The real interest rate of postal savings loan is18.57% on the basis of the one-year fixed deposit rate stipulated by the central bank; (3) The real interest rate of postal savings loan is 22.7 1% based on the one-year loan interest rate stipulated by the central bank. (2) Repayment by installment: the nominal interest rate of the loan is 15.84%, calculated by compound interest (1), and the actual loan interest rate is17.04%; (2) The real interest rate of postal savings loan is17.49% on the basis of the one-year fixed deposit rate stipulated by the central bank; (3) The real interest rate of postal savings loan is 20. 1% based on the one-year loan interest rate stipulated by the central bank.

3. What does small term mean?

Micro-term credit business is a business type that relies on micro-payment system to realize inter-bank regular payment, which is suitable for the payment of wages, allowances, pensions, insurance benefits, etc. The advantages of small term credit are: individuals can collect all funds into one account, which is convenient for account management; Electronic processing, the use of funds is safe, convenient and fast. Time deposit is also called "time deposit certificate". A deposit in which the bank and the depositor agree on the term and interest rate in advance at the time of deposit and withdraw the principal and interest after maturity. If depositors need funds before maturity, some certificates of deposit can be sold in the market; Some certificates of deposit cannot be transferred. If depositors choose to withdraw funds from the bank before maturity, they need to pay a certain fee to the bank. Definition: Cash and demand savings deposits can be directly used for time savings deposits. The initial deposit amount of time account is 50 yuan, and there is no deposit limit. The storage period is three months, six months, one year, two years, three years and five years. Partial withdrawal can be made in advance. When the deposit expires, the principal and interest can be withdrawn by the certificate of deposit, or it can be automatically transferred in installments according to the original deposit period. Interest shall be calculated and paid at the deposit interest rate on the day when the deposit certificate is issued, at the current deposit interest rate on the day of withdrawal for early withdrawal and at the deposit interest rate on the day of withdrawal for overdue withdrawal. I can apply for a small deposit with my time deposit certificate. For the unexpired time savings deposit, the depositor must hold the certificate of deposit and the identity certificate of the depositor in advance; If the withdrawal is made on behalf of the depositor, the payee must also hold his own identity certificate, and the interest rate shall be calculated and paid according to the current savings deposit interest rate announced on the date of withdrawal. The payee must also sign the name of the payee on the payment voucher. For unexpired time savings deposits, depositors can make partial withdrawal in advance according to their needs, and the write-off procedures remain unchanged. The interest rate of the early withdrawal part is paid according to the interest rate of the current savings deposit listed on the withdrawal date, and the retained part is paid according to the original interest rate when it is withdrawn on the original deposit date. A lump-sum time deposit can only be partially withdrawn once in advance for each certificate of deposit. If it has been partially withdrawn in advance, the savings institution shall indicate the words "partially withdrawn in advance" on the withdrawn deposit slip and the newly opened deposit slip. (After 20 11March1,the lump-sum deposit in CCB, whether deposited before or after, can be partially withdrawn indefinitely, and it is no longer restricted once. )

4. What should I do in rural credit cooperatives? In Gangu

The credit line of rural credit cooperatives is based on farmers' credit and credit line. According to the opinions of local credit personnel or representatives of prestigious members, villagers' groups and the information provided by village committees, different loan lines are approved according to different grades, once a year, and the amount is 20,000 yuan.

Borrowers applying for operating loans must meet the following basic conditions, do not misappropriate credit funds, and abide by credit:

1, with the ability to repay the principal and interest on schedule. The original loan payable has been paid off; If there is no repayment, a repayment plan approved by the lender has been made;

2. Except for natural persons and people who don't need to work, they shall go through the annual inspection procedures of the industrial and commercial departments;

3, rural households or general deposit accounts, and keep a certain amount of deposits in the account; Willing to accept the supervision and inspection of credit and settlement of lending institutions, which can ensure the planning and related business and financial statements;

4. The applicant must have a loan guarantor, loan collateral or pledge that meets the requirements. The loan guarantor must be an enterprise or economic entity that opens a deposit account in a rural credit cooperative with good economic benefits and reliable credit. The loan collateral must comply with the provisions of the Guarantee Law of People's Republic of China (PRC) and relevant laws and regulations. In principle, it should be mainly real estate (such as houses and land), and it should be commercialized and easy to realize.

5. The asset-liability ratio of rural borrowers shall not be higher than 70%.

6. To apply for fixed payment, complete, standardized and effective documents and materials must be submitted in accordance with the requirements of project management to ensure the owner's rights and interests of the borrower and the requirements stipulated by self-raised funds.

7, engaged in land farming or other feeding and business activities in line with national industrial policies, and have a reliable income.

8. Unless otherwise stipulated by the State Council, the accumulated foreign equity investment of a joint stock limited company shall not exceed 50% of its net assets;

9 rural borrowers must apply for a loan card in accordance with the provisions of the People's Bank of China.