What are the requirements for a credit cooperative loan?

Conditions for applying for a rural credit cooperative loan

1. The ability to repay principal and interest on time. The original loan interest payable and due loans have been basically repaid; if they have not been repaid, a repayment plan approved by the lender has been made

2. Except for natural persons and institutional legal persons that do not need to be approved and registered by the industrial and commercial department, all Go through the annual inspection procedures with the industrial and commercial department

3. Rural areas have opened a basic account or general deposit account with a loan cooperative, and retain a certain amount of payment deposit in the account; voluntarily accept credit and settlement from the loan cooperative Supervision and inspection to ensure regular submission of business plans and related business and financial statements to the loan agency

4. Those applying for guarantees or mortgage loans must have loan guarantors, loan collateral or pledges that meet the regulations . The loan guarantor must be an enterprise or economic entity that has a deposit account in a rural credit cooperative and has good economic benefits and creditworthiness

The loan collateral must comply with the "Guarantee Law of the People's Republic of China" and relevant Laws and regulations stipulate that in principle, real estate (such as houses and land) should be the mainstay, must be commercial, and be easy to realize

5. The asset-liability ratio of rural borrowers must not be higher than 70%

6. When applying for loans for fixed assets, real estate and other projects, the borrower's owner's equity and self-raised funds ratio must meet the requirements stipulated by the State Council, and complete, standardized and valid documents must be submitted in accordance with project management requirements. Information

7. Except as stipulated by the State Council, the cumulative amount of external equity investments of limited liability companies and joint stock companies does not exceed 50% of their net assets

8. Rural borrowers must Apply for a loan card in accordance with the regulations of the People's Bank of China, and go through annual inspection procedures as required

Extended information:

Rural Credit Cooperative loan recipients

1. Engaged in agriculture and forestry Contractors, professional households and rural cooperative management units in various industries such as animal husbandry, sideline production, fishery and so on

2. Township (town) offices, village offices, organization offices, household offices and household offices that implement independent accounting with the approval of relevant departments Various forms of joint enterprises or new economic alliances

3. Rural cultural, educational, health, scientific research and other institutions with operating income and guaranteed repayment

4. Relevant departments Rural individual economic households and economic associations engaged in handicrafts, commerce, transportation, construction, service industries, etc. are approved. In addition, credit cooperatives with strong financial strength can also cross-issue loans to enterprises and institutions within the credit scope of national specialized banks