Rural credit cooperatives (rural credit cooperatives in English) refer to rural cooperative financial institutions established with the approval of the People's Bank of China, which are composed of members' shares, implement democratic management and mainly provide financial services for members.

Rural credit cooperatives are independent enterprise legal persons, which are responsible for the debts of rural credit cooperatives with all their assets and enjoy civil rights according to law. Its property, legitimate rights and interests and business activities carried out according to law are protected by state laws. Its main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development. In accordance with national laws and financial policies, organize and standardize rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and family economy, and limit and crack down on usury.

Rural credit cooperatives are divided into the following departments: Rural Credit Cooperatives, International Finance Department of Rural Credit Cooperatives, Zheng Tong Rural Credit Cooperatives Training School, Credit Department of Rural Credit Cooperatives, etc. At present, it is under the dual leadership of China Banking Regulatory Commission and the State Council.

The loan interest rate of rural credit cooperatives fluctuates on the loan benchmark, and the loan benchmark interest rate is:

1, and the loan interest rate within one year is 4.35%;

2. The loan interest rate for one to five years is 4.75%;

3. The interest rate for loans over five years is 4.90%.