The loan for wool purchasing and storage refers to the funds issued by our bank to purchasing and storage enterprises according to the part of wool purchasing and storage plan jointly issued by the relevant state departments, the People's Bank of China and our bank at the stipulated purchasing and storage price, which is used to pay the acquisition costs and expenses of enterprises.

Second, the loan object

Enterprises engaged in wool storage, rotation, auction, warehouse transfer, import (export) and other businesses recognized by relevant state departments.

Three. Types and uses of loans

It is used to solve the reasonable capital demand of wool storage, rotation, auction, warehouse transfer, import (export) and other businesses of storage enterprises.

Fourth, the loan conditions

1. An independent, self-financing, self-disciplined and self-developed legal person economic entity with no record of credit default in other banks and a credit rating of A or above;

2. In principle, if you open a basic account in the Agricultural Development Bank, but you really can't open a basic deposit account in the Agricultural Development Bank for special reasons, you should open a general deposit account in the Agricultural Development Bank;

3 wool storage enterprises should meet the qualification standards for storage enterprises promulgated by the state, hold the national special storage plan issued by the relevant state departments, and handle legal and effective guarantee procedures in time;

Verb (abbreviation for verb) loan period

Generally, the loan term is 1 year, which can be extended once in principle, and the longest extension period is no more than 6 months.

Interest rate of intransitive verb loan

The gross savings loan shall be implemented according to the loan interest rate of the same grade in the same period stipulated by the People's Bank of China.

Seven. Loan method

Gross savings loans can be secured loans or credit loans according to the borrower's credit rating and risk tolerance.