Postal savings micro-loan business is a loan product launched by China Postal Savings Bank for farmers and merchants (small business owners). Small loans for farmers are short-term loans granted to farmers to meet their agricultural planting, breeding or production and operation needs. Small loans for businessmen refer to loans granted by private entrepreneurs (including sole proprietorships, partnership partners and individual shareholders of limited liability companies). ), engaged in production and trade in urban and rural areas to meet their production and operation capital needs of individual industrial and commercial households and urban self-employed.

Business type: ◆

Farmers' joint guarantee loan: refers to three to five farmers who form a joint guarantee team and can apply for loans from the Postal Savings Bank without other guarantees. The maximum loan amount for each household is temporarily 50,000 yuan.

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Farmers' guaranteed loan: refers to farmers who can apply for loans from the Postal Savings Bank as long as one or two (depending on the loan amount) people with fixed jobs and stable income are their loan guarantors. The maximum loan amount for each farmer is temporarily 50,000 yuan.

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Merchant's joint guarantee loan: refers to a joint guarantee team composed of three individual industrial and commercial households or sole proprietorship business owners with business licenses, who can apply for loans from the Postal Savings Bank without other guarantees. The maximum loan amount for each merchant is temporarily 654.38 million yuan (200,000 yuan in some areas).

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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 as long as one or two people (depending on the loan amount) who have a fixed job and a stable income are used as their loan guarantors. The maximum loan amount for each merchant is temporarily 6,543,800 yuan (200,000 yuan in some areas).

Handling process: the borrower only needs to form a joint guarantee team or find a guarantor and bring his ID card. If merchants need to carry business licenses, they can apply at the outlets opened by small loans and accept investigation and approval. After signing the contract, he can get the loan.

Repayment method: ◆

One-time repayment of principal and interest

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Average capital method

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Repayment by installment (only interest will be repaid during the grace period, and the loan will be repaid by equal principal and interest repayment after the grace period).

Before the maturity date of the loan principal and interest, the borrower needs to deposit enough funds in the postal savings account where the loan is issued, and the computer system will automatically deduct it.

Note: The specific product information and business process shall be subject to the announcement of the local postal savings institution.