1. At least 25 to 60 years old, with full capacity for civil conduct and legal and valid identification;

2. Have a stable occupation and income and a good work record;

3. Good personal credit;

4. The applicant's age plus the loan period shall not exceed the statutory retirement age;

5. At present, there are no adverse related civil disputes and criminal case responsibilities;

China Rural Credit Cooperatives (hereinafter referred to as Rural Credit Cooperatives) is a rural cooperative financial institution established with the approval of the People's Bank of China. It consists of members' shares, implements democratic management, and mainly provides financial services for members.

China Rural Credit Cooperative is an independent enterprise legal person and is responsible for its debts with all its assets. 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.

Institutional characteristics:

As a banking financial institution, rural credit cooperatives have their own characteristics, mainly manifested in:

1, farmers and other individuals in rural areas jointly form cooperative financial organizations whose main purpose is mutual assistance. Its business operation is managed and operated by the personnel designated by the members on the basis of democratic election and is responsible to the members. Its highest authority is the member congress, and the executive body responsible for managing specific affairs and business operations is the Council.

2. The main sources of funds are shares paid by cooperative members, retained provident fund and absorbed deposits; Loans are mainly used to solve the capital needs of its members. At first, it mainly issued short-term production and living loans and consumer loans. Later, with the economic development, it gradually broadened the channels of borrowing, which is no different from commercial bank loans.

3. Because the business object is a cooperative member, the business process is simple and flexible. The main tasks of rural credit cooperatives are to organize and regulate rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and member family economy, and limit and crack down on usury according to the provisions of national laws and financial policies.

Loan process

Loan application → loan investigation → loan review → loan approval → signing a contract → loan issuance → post-loan inspection → loan recovery.

Potential borrower

In the service area of rural credit cooperatives, enterprises (legal persons), other economic organizations, individual industrial and commercial households or natural persons with China nationality and full capacity for civil conduct approved and registered by the administrative department for industry and commerce may apply for loans from local rural credit cooperatives.