If people are embarrassed to borrow money from relatives and friends when they are in financial difficulties, they will think of loans. I believe everyone has heard of working capital loan, so in the process of applying for working capital loan, you need to know a series of problems such as the term of working capital loan, expected annualized interest rate, application conditions and materials. Let's introduce them below.

1. What is a working capital loan?

It is a local and foreign currency loan issued by Postal Savings Bank to borrowers (excluding small enterprises) for the normal production and operation turnover of borrowers.

2. What are the conditions for a working capital loan?

An enterprise (institution) legal person or other economic organization with loan qualification approved and registered by the administrative department for industry and commerce or the competent authority.

3. How long is the working capital loan term?

(1) no more than 3 years.

(2) You can choose the loan term independently according to the production and operation cycle and repayment ability.

4. What is the expected annualized interest rate of working capital loan?

Based on the expected annualized interest rate of loans with the same term and grade determined by the People's Bank of China, it will rise appropriately.

5. What are the repayment methods of working capital loans?

Repay the principal in one lump sum, interest in installments, or principal and interest in installments.

6. Where can I apply for a working capital loan?

Applicants can apply at the local Postal Savings Bank branch that provides enterprise credit services.

7. What is the application process of working capital loan?

Applicants submit applications, conduct field visits, examine and approve, sign contracts, examine and approve conditions, and implement loan issuance and disbursement.

8. What are the application materials for working capital loan?

(1) Relevant documents for registration or approval of establishment and their valid annual inspection certificates.

(2) Organization code certificate, basic account account opening permit and valid proof of legal representative's identity; Articles of association loan card and password.

(3) the annual financial report and the first financial statement of the last three years (including notes).

(4) Seal card, signature pattern of legal representative and authorized agent shall be reserved.

(5) Documents and materials reflecting customers' capital needs, such as production and operation plans or purchase and sale contracts, import and export approvals and valid documents approving the use of foreign exchange.

(6) Other materials required for handling loans.