Legal analysis: Rural Credit Cooperative loan conditions:

1. Basic conditions 1. The corporate legal person license or business license is valid;

2. Opening in a credit cooperative Open a basic account or general account;

3. The enterprise holds a "Loan Card" issued by the People's Bank of China;

4. Obey the management of the credit union and truthfully provide relevant business information to the credit union. situation, submit reports and business plans on time;

5. Have fixed business sites and facilities;

6. Sound financial management system and standardized corporate management.

Legal basis: "People's Republic of China and Civil Code"

Article 673: If the borrower fails to use the loan in accordance with the agreed purpose of the loan, the lender may stop Issue loans, withdraw loans early or terminate the contract.

Article 674 The borrower shall pay interest according to the agreed period. There is no agreement or the agreement is not clear about the period for payment of interest, and it cannot be determined according to the provisions of Article 510 of this Law. If the loan period is less than one year, it shall be paid when the loan is returned; if the loan period is more than one year, It shall be paid at the end of each year. If the remaining period is less than one year, it shall be paid when the loan is returned.

Article 676 If the borrower fails to repay the loan within the agreed time limit, he shall pay overdue interest in accordance with the agreement or relevant national regulations.