Civil servants can't get interest-free loans, and now all banks don't have interest-free loans. In some places, only civil servants have three-year interest-free loans. Interest-free loans guaranteed by civil servants are actually government subsidized loans. Only policy loans can get government subsidies. To meet the requirements of local policies and conditions, commercial banks need collateral or guarantor for loans.
Three-year interest-free loans for civil servants are not applicable to all lending institutions. Some lending institutions do have such loan regulations, but most lending institutions (especially banks) do not provide such services. Generally speaking, interest-free loans are aimed at special people.
Interest-free loans for civil servants in some areas are actually government subsidized loans. Only policy loans can get government subsidies. To meet the requirements of local policies and conditions, commercial banks need collateral or guarantor for loans.
Conditions for applying for a three-year interest-free loan for civil servants:
1, aged 22 to 45, with full capacity for civil conduct.
2. Have a fixed residence, that is, the real estate or family property under the name of an individual, and the business place certificate, and the business license and industry business license issued by the Industrial and Commercial Bureau.
3. Proof of funds. Like buying a house, the lender's investment projects need to be prepared with self-retained funds, and the amount of venture loans shall not exceed 70% of the total funds needed for business activities and equipment purchase.
4. Settlement account. The borrower must set up a settlement account in the loan bank, and business transactions must be settled through the bank. The purpose of the loan must comply with the provisions of the credit policy and cannot be used for speculative projects.
5. Credit history, no overdue records.
6. The project conforms to the national policy and regional development, and has good economic and social benefits.
Is it safe for government-affiliated companies to borrow money from banks?
The government can't borrow money directly from banks. According to relevant information, the monetary policy of the People's Bank of China aims at ensuring the stability of the currency. If the People's Bank of China issues loans to the government, the government will have no other income except fiscal revenue. The government can't repay bank loans by increasing taxes, but can only use government power to suppress banks from hedging loans with too much money, which leads to currency depreciation and inflation. In order to maintain the stability of the currency, according to the relevant national laws and regulations, we can know that the People's Bank of China cannot provide loans to the government and government departments.
Can the government borrow money from individuals?
Legal analysis: No. The goal of the monetary policy of the People's Bank of China is to ensure the stability of the currency. If the People's Bank of China issues loans to the government, the government will have no other income except fiscal revenue. The government can't repay bank loans by increasing taxes, but can only use government power to suppress banks from hedging loans with excess currency, which leads to currency depreciation and inflation.
Legal basis: Article 30 of the Law of the People's Republic of China on the People's Bank of China stipulates that the People's Bank of China shall not provide loans to local governments and government departments at all levels, nor to non-bank financial institutions and other units and individuals, except that the State Council decides that the People's Bank of China may provide loans to specific non-bank financial institutions. The People's Bank of China shall not provide guarantee to any unit or individual.
Can local financial centers lend money?
You can't. A financial entity, the central government can borrow money. In principle, local governments cannot. Local bonds are mainly issued by investment platform companies. The financial service center is a department with the function of administrative examination and approval, and a window is set up in the center to work centrally.
Can an administrative organ become a borrower of a bank?
The administrative organ cannot be the main body and borrower of the loan, nor can it obtain a loan card. If the loan has been made and the contract is invalid, the borrower will return it to the lender and give the responsible person corresponding punishment.
The central government can act as a borrower, while the local government can not act as a borrower directly in theory, but it can designate the borrower to complete the loan and achieve the purpose of financial financing. Government loan refers to the funds borrowed from government loan agreements signed between China and foreign countries.
According to the General Rules for Loans, the loan object should be an enterprise (institution) legal person, other economic organizations, individual industrial and commercial households or a natural person with China nationality and full capacity for civil conduct approved and registered by the administrative department for industry and commerce (or the competent authority).
Extended data
The main body of investment in local capital construction projects is the local government. According to the principle of "whoever uses money borrows money", the main body of lending can only be local governments. According to the general principles of loans, there are strict restrictions on the conditions of borrowers, which excludes the possibility of local governments borrowing directly from commercial banks.
In order to solve the local capital construction project funds, the local government can designate borrowers, with the future budget funds of the local government as the repayment source and the credit of the local government as the guarantee, which can be called local government loans. Borrowers designated by local governments to borrow from banks have become the main means for local governments to raise funds.