The next repayment time of rural credit cooperatives is related to "its own credit line, whether the borrower's loan procedures are complete and the purpose of the loan". Generally speaking, if the credit line of rural credit cooperatives is relatively loose and the borrower's loan procedures are complete, the loan can be released in about seven working days; However, if the credit line is tight, the loan will be delayed, and it is normal to wait 1 to 3 months to get the loan.

Can a credit cooperative loan be transferred to the next year when it expires?

When the credit union loan expires, it must be supported by the bank before it can be extended to the next year. In fact, in the second year, it is equivalent to deferred repayment, and interest will also be generated during the deferred repayment period. For lenders, the repayment pressure is still great. Therefore, if the repayment ability is insufficient, it is recommended to apply for partial interest deduction to reduce the repayment pressure.