Rural credit cooperatives provide farmers with convenient services and interest-free loans at the same time. Since I have never applied for a loan from the rural credit cooperatives, I don't know whether to check the credit information. So, do you know that the loans of rural credit cooperatives rely on credit reporting? It is said that personal credit information will be inquired!

bank loan

In fact, as long as you apply for a bank loan, you will generally check the borrower's credit information. Rural credit cooperatives are rural cooperative financial institutions, and formal financial institutions need to inquire about the applicant's credit report. If the applicant has bad credit information, then the loan application will be hindered.

But according to the rural credit cooperatives, as long as there is no record of loans overdue for more than three consecutive times or loans overdue for more than six times in the past two years. And there can be no outstanding loans in the credit report, and the lender's credit card has no overdue record within 2 years. Without these circumstances, you can apply for a loan.