Fast loan is a credit loan launched by rural credit cooperatives. It is a small loan issued by a rural credit cooperative to a single borrower within its jurisdiction, which is mainly used to meet the production and operation capital needs of farmers and individual merchants. What are the conditions for rural credit cooperatives to handle express loans?

What conditions do rural credit cooperatives need for fast loan access?

1 Having lived in the service area of rural credit cooperatives for more than one year, having a fixed residence, being in good health and having full capacity for civil conduct;

2. Be law-abiding, have a good credit status, and have no illegal records and bad credit records;

(3) It has a legal and reliable economic source and the ability to pay off the principal and interest of the loan;

Engaged in production and business activities in line with national industrial policies, and has certain self-owned funds.

In principle, the loan interest rate of fast loans of rural credit cooperatives is lower than that of local county-level banks at the same time 10%-20%. At the same time, it can also be combined with loan repayment, interest payment and contribution to rural credit cooperatives to give certain preferential treatment.