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What is the interest rate for a Rural Credit Cooperative loan of RMB 10?

At present, the loan interest rate pricing of rural credit cooperatives can be summarized into the following five types:

1. Policy-based pricing: mainly focused on some poverty alleviation loans, national student loans, and farmer loans Among the loans provided by the Entrepreneurship Guarantee Fund for the planting, breeding, and agricultural and sideline products processing industries, such loans are subject to benchmark interest rates and account for a relatively low proportion of loans from rural credit cooperatives.

2. Benefit-based pricing: Mainly focused on general farmers’ loans, loans to individual industrial and commercial households, and loans to small and medium-sized private enterprises. The interest rates of these types of loans are relatively high. Rural credit cooperatives generally have an increase of more than 50%, and this Loans account for a relatively high proportion of loans to rural credit cooperatives and are the main source of interest income for rural credit cooperatives.

3. Competitive pricing: It is mainly concentrated on prime customers in the service area and is the loan actively marketed by rural credit cooperatives. Such enterprises are generally larger in scale, stronger in strength, and more profitable. Those with strong capital liquidity and large amount of fund settlement are also the objects of competition for various financial institutions. The interest rates of such corporate loans generally do not rise or rise less.

4. Preferential pricing: Mainly focused on loans pledged by deposit certificates of rural credit cooperatives or other financial institutions, loans pledged by bank acceptance bills, and equity investments in rural credit cooperatives that are far greater than the loan amount, etc. The interest rate of this type of loan generally does not increase by more than 20%, which is commonly known as "preferential interest rate".

5. Market-based pricing: The interest rate of this type of loan is generally not fixed and can be adjusted at any time as the market conditions change, mainly discounting bank acceptance bills.

What is a small credit loan for farmers?

Answer: The small credit loan for farmers is guaranteed by the credit cooperative based on the creditworthiness of the farmer, and based on the actual situation of the credit cooperative and the local economic development level, within the approved limit (that is, less than 20,000 yuan) and Loans disbursed within the term.

What conditions should a borrower meet?

Answer: Small credit loans for farmers must meet the following conditions:

1. Farmers or individual farming households in the community have full civil capacity.

2. Strong credit concept and good credit status.

3. Engage in land farming or other planting and breeding activities in line with national industrial policies and generate reliable income.

4. The family must have a labor force that understands production or business management capabilities.

What are the regulations on the purpose and arrangement sequence of small credit loans for farmers?

Answer: The purpose and arrangement sequence of small credit loans for farmers are:

1. Loans for agricultural production expenses such as planting and breeding, including fertilizers, pesticides, seedlings, and seeds. , feed and other loans.

2. Individual and private business loans that serve agricultural production.

3. Agricultural machinery loans, including cattle, water pumps, threshing machines and other small agricultural machinery.

4. Small farmland water conservancy infrastructure loans.

What is the procedure for issuing small credit loans to farmers?

Answer: The procedure for issuing small credit loans to farmers is:

1. Farmers submit a loan application to the credit union.

2. The credit staff investigates farmers' production capital needs and family economic income, understands the borrower's credit conditions, and puts forward preliminary opinions.

3. The credit rating team will determine the loan amount and issue a loan certificate based on the information provided by the credit officer.

4. With the loan certificate, farmers can apply for loans from the credit union one or more times within the approved amount and follow the prescribed procedures.

How is the small credit loan limit for farmers determined?

Answer: The small credit loan limit for farmers is based on the credit rating of farmers. When assessing the credit rating and limit, the opinions of local credit officers or reputable member representatives, villagers' groups and the information provided by the village committee should be used. Assessment grades, different loan amounts are assessed based on different levels, and are assessed once a year, with a maximum amount of 20,000 yuan.

There are several credit grades for farmers’ credit rating. What are the grade standards? What is the credit loan limit for each grade?

Answer: The standards for farmers’ credit rating are divided into four levels: excellent, better, average, and poor.

1. The criteria for the "Excellent" level are:

⑴ Currently there are no loans owed or all due loans have been paid off.

⑵The annual per capita net income of the family is more than 2,000 yuan.

⑶ Own funds account for 50% of the funds required for production.

2. The criteria for the "better" grade are:

⑴ Have a stable and reliable source of living, the loan balance owed is less than 3,000 yuan, and the interest can be paid on time.

⑵The annual per capita net income of the family is between 1,000-2,000 yuan.

3. The standards for the "general" level are:

⑴ The family has a basic labor force, and the annual per capita net income of the farmer is less than 1,000 yuan.

⑵ If the loan amount owed is less than 2,000 yuan, the interest from the previous year will not be in arrears.

4. The criteria for the "poor" grade are:

⑴ The family has basic labor force, but is not good at business management.

⑵ The annual per capita net income of the family is about 500 yuan, the loan balance owed is less than 1,000 yuan, and the interest from the previous year has not been paid off.

5. The credit loan limit of each grade: "excellent" is 20,000 yuan, "better" is 10,000 yuan, "average" is 5,000 yuan, and "poor" is temporarily not issued a letter of credit.

How should farmers apply for loans after receiving the loan certificate?

Answer: After receiving the letter of credit, when farmers need a loan, they can present the loan certificate, ID card or household registration book. The affiliated credit union handles the loan. The credit union will issue the loan one or more times according to the farmer's credit loan limit and term, or the credit officer will directly issue the loan to the farmer's home according to the farmer's request, and fill in the IOU one by one. The loan interest will start from the date when the loan is issued and the IOU is issued.

What are the terms and interest rates for farmers’ small-amount credit loans?

Answer: Farmers’ small-amount credit loans are determined based on the cycle of farmers’ production and operation activities. For more than three years, the loan interest rate shall be based on the loan benchmark interest rate announced by the People's Bank of China. The interest settlement method is the same as that of a general loan. The interest settlement shall be monthly (quarterly).

Whether the household head system is implemented for small credit loans for rural households. ? What other regulations are there?

Answer: Farmer small-amount credit loans are based on the household head system. One household can only apply for one small-amount farmer credit loan certificate. In addition, there are the following regulations:

1. Farmers are not allowed to use other people’s names for loans and cross-district multi-party loans. 2. Loan certificates are not allowed to be rented, lent or transferred. If found, the small loan qualification will be cancelled.

3. After the loan is issued, farmers should consciously accept the consultation of the loan officer, or check and conscientiously implement the provisions of the loan contract. They are not allowed to default on the principal and interest of the loan or transfer the purpose of the loan. If there is any violation, the credit union can stop issuing new loans and Forcibly recover loans that have been granted.

"Q&A on Financial Products of Rural Credit Cooperatives - New Rural Finance Knowledge Series·Shandong" Book Catalog 1. Basic Financial Knowledge

1 What are the main things to pay attention to when handling financial business?

2 Why is it necessary to provide real identity documents when handling financial services?

3 Why should we keep the receipts for business transactions?

4 How to protect your rights as a financial consumer?

5 How to determine which financial institutions are legitimate?

6 How to choose the financial product that suits you?

7 How to calculate deposit and loan interest?

8 What should you pay attention to when providing guarantee for others?

2. Introduction to main credit products

(1) Basic knowledge of loans

9. What is a borrower?

10 What rights do borrowers have?

11 What are the borrower’s obligations?

12 What is a lender?

13. What rights does the payee have?

14 What are the lender’s obligations?

15 How many types of rural credit cooperative loans are there according to terms?

16 What is the loan term for a short-term loan?

17. What is the loan term for medium and long-term loans?

18. How does the borrower determine the loan term when taking a loan?

19 Can the lender freely determine the loan extension period as needed?

20 How are the loan interest rates of rural credit cooperatives regulated?

21 How to calculate the loan interest after the loan matures?

22 If the loan method, purpose and term are different, are the loan interest rates executed also different?

23 Which loan has the lowest interest rate?

(2) Introduction to pledge loans

24 What is a pledge loan?

25 What things can be used as pledge?

26 How to apply for a rights pledge loan?

27 Do I need to pay continuing fees when applying for a mortgage loan?

28 During the pledge period, can the owner of the deposit certificate apply for the rural credit cooperative to pay deposit interest?

(3) Introduction to mortgage loans

29 What is a mortgage loan?

30 What can be borrowed?

31 How to apply for a mortgage loan?

32 Can the collateral be used during the mortgage period?

33. Can the collateral be mortgaged for the second time?

(4) Introduction to guaranteed loans

34 What is a guaranteed loan?

35 What responsibilities does the guarantor bear?

36 How to apply for a guaranteed loan?

37 Can everyone be a guarantor?

(5) Introduction to consumer loans

38 What is a consumer loan?

39. What are the basic conditions that borrowers applying for consumer loans should meet?

……

3. Introduction to deposit business varieties

4. Introduction to Xintong card business