Postal savings micro-loan business is a loan product launched by China Postal Savings Bank for farmers and merchants (small business owners). Small loans for farmers are short-term loans granted to farmers to meet their agricultural planting, breeding or production and operation needs. Merchant microfinance refers to loans granted by private entrepreneurs (including sole proprietorships, partnership partners and individual shareholders of limited liability companies). ), engaged in production and trade in urban and rural areas to meet their production and operation capital needs of individual industrial and commercial households and urban self-employed.
The process is as follows: the borrower only needs to form a joint guarantee team or find a guarantor and bring his ID card. If the business needs to bring a business license, they will apply to the outlets that provide small loans together, and after being investigated and passed, they can get loans after signing the contract.
The repayment method is one-time repayment of principal and interest, that is, one-time repayment of loan principal and interest at maturity, which is only applicable to small loans for merchants within 3 months (inclusive) and small loans for farmers within 4 months (inclusive); Equal principal and interest repayment method, that is, equal repayment of loan principal and interest every month within the loan term; Repayment of principal and interest by installments, that is, only the loan interest is repaid during the grace period of the loan, and then the loan is repaid according to the equal principal and interest repayment method after the grace period. Small loans for merchants, with a maximum grace period of 4 months; For farmers' small loans, the longest grace period of loans is 10 month. Provincial branches should reasonably determine the longest grace period of local loans according to the agricultural production cycle or capital turnover.
Remarks: The above repayment methods vary from region to region. Please consult your local Postal Savings Bank for details.
For real sunshine credit, the Postal Savings Bank has strict regulations and is not allowed to accept any banquets and gifts from customers. Optimization of repayment method (paying interest on a monthly basis and repaying the principal when due); The use of the loan is not restricted; Large loan amount, fast payment time and short process; You can repay the loan in advance without penalty interest; Long loan period and quick and simple procedures; Whether it is successful or not, the bank itself does not charge any fees.