The credit loan of rural commercial banks is 654.38 million yuan, and the loan period cannot exceed 10 year. In fact, most borrowers can only apply for 1 5-year installment. If a borrower applies for a car loan, the higher loan period generally cannot exceed 5 years. Because the signed contract is three years, that is to say, the loan term is three years, as long as the interest is paid on time according to the time agreed in the contract, there is no need to borrow again every year.