If the lender's information is incomplete, or the credit union has insufficient funds, it may be as slow as one month. Therefore, when you apply for a loan, you must be clear about what information you need, what procedures to take and be prepared.

Credit cooperatives apply for loans in the following ways:

1. Age: China citizen, age 18-60.

2. Address: it is the household registration of the place of application or has a fixed address, and can provide valid proof of residence.

3. Repayment ability: stable working income and repayment ability.

4. Credit: The applicant's credit is good, and the credit rating should be above "good".

5. Others: The applicant has opened a basic account or general account in a rural credit cooperative.